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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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500 S 6th Street Montebello, CA 90640
$2,638,000 22 beds, 22 baths
10, 556 sqft
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PRICE REDUCED $262,000 ! We are pleased to present for sale Property 4 of 6 within a newly launched 47-unit multifamily portfolio. This well-positioned multifamily asset features 11 spacious two-story, townhome-style units, each offering 2 bedrooms and 1.5 bathrooms, an attractive layout that continues to appeal to long-term tenants. Situated on a prominent corner location, the property benefits from strong street presence and visibility, and it is being offered for the first time in 13 years, presenting a rare opportunity in a tightly held submarket. Currently bringing in 5.93% Cap Rate and 11.10 GRM on Current Rents. The all-electric building sits on a large 16,417 square foot lot, providing operational efficiency along with long-term upside potential. With solid in-place income and approximately 39% rental upside, investors have a clear value-add opportunity through strategic rent increases. Additional features include on-site parking, secured entry, private outdoor spaces in select units, and an on-site laundry facility readily available to add machines and generate supplemental income. The property also offers convenient access to the 60, 605, 710, and 5 freeways, enhancing its appeal to commuters. Subject only to AB 1482 and not local rent control, this asset provides a favorable regulatory environment, making it a strong opportunity to acquire a stable, income-producing property with meaningful upside. As part of a six-property, 47-unit portfolio, investors also have the flexibility to purchase individually or as part of a larger investment strategy. Properties do not have to be sold together. ** Check out the property video link.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# 26698721
List price is $2,638,000 Reduced by $262,000 on 6/16/2026
Beds: 22
Baths: 22
Built in 1962
10,556 sqft
2 stories
0.38 acres
Lot size: 0.3769
County: Los Angeles
Zoning: MNR3YY
Parking description: Carport,Uncovered
MLS area: 674 - Montebello

Last Updated: 9/1/2026

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This listing belongs to the 674 - Montebello MLS area

Lat/Long: 34.003072, -118.109045.
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Listing Agent: Shant Sherbetdjian
Lic#: 01276603
Office Name: Tustin

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Area Overview

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.

Community Characteristics:

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