500 S 6th Street, Montebello, CA 90640

• 22 beds |
• 22 baths |
• 10,556 sqft

Property Description

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 Status:

Active

Date Added:

April 13, 2026

Data Last Updated:

July 5, 2026 at 7:17AM

Listing Office:

Remax Commercial and Investment Realty : 213-817-1000

Listing Agent:

Shant Sherbetdjian : 626-657-8150

MLS ID:

26698721

Interior

• Laundry: See Remarks

Exterior

• Parking: CarportUncoveredParking spaces: 11

Construction

• General: 2

Location

• Originating MLS: CRMLS_CL
• County: Los Angeles

Lot

• Zoning: MNR3YY6349022045

Financial

• Source: CRMLS_CL