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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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328 N 2nd Street Montebello, CA 90640
$2,150,000 16 beds, 8 baths
7, 559 sqft
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Agent Remarks

We are pleased to present for the first time on the market in over 50 years, this exceptional multi-family property represents a rare generational asset opportunity in the highly desirable North Montebello submarket. Widely considered a trophy investment, the property features spacious 2-bedroom, 1-bathroom units averaging nearly 900 square feet each, offering an ideal layout that appeals to a broad tenant base. Each unit is equipped with garage parking, laundry hookups, and private rear entrances, enhancing both functionality and tenant privacy. The property has also seen key infrastructure improvements, including an updated main electrical panel, and offers strong potential for the addition of multiple ADUs (buyer to verify), creating a compelling path for future income growth. From an investment perspective, the asset presents significant value-add potential, with projected rental upside of approximately 75%, allowing investors to strategically renovate and reposition the property to capture higher market rents. Its walkable location provides convenient access to retail and dining along Beverly Blvd, further boosting tenant demand and long-term desirability. Additionally, the property benefits from minimal rent control constraints, as it is subject only to California's AB 1482 ordinance and not governed by any local rent control, offering greater operational flexibility. Altogether, this is a rare opportunity to acquire a well-located, underutilized asset with substantial upside in one of Montebello's most sought-after neighborhoods.

Listing Details

Property type: (Multi-Family)
Status: Active Under Contract
MLS# 26748163
List price is $2,150,000
Beds: 16
Baths: 8
Built in 1947
7,559 sqft
2 stories
0.33 acres
Lot size: 0.3317
County: Los Angeles
Zoning: MNR3YY
Parking description: Garage
MLS area: 674 - Montebello

Last Updated: 5/26/2026

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This listing belongs to the 674 - Montebello MLS area

Lat/Long: 34.013477, -118.100066.
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Listing Agent: Shant Sherbetdjian
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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