Two-Story Townhome-Style
For Sale
$2,638,000
500 S 6th St, Montebello, CA 90640
MULTI_FAMILY - Montebello, CA
Property Size10,556 SF
Lot Size0.38 Acres
Price / SF$249.91
Days on Market110
Property Features for 500 S 6th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MNR3YY
Bedrooms
22
Bathrooms
22
Full bathrooms
2
Rooms
Bedroom 13, Bedroom 6, Bathroom 1, Bathroom 20, Bathroom 22, Bathroom 7, Bathroom 11, Bathroom 21, Bathroom 12, Bedroom 18, Bedroom 9, Bathroom 14, Bathroom 19, Bedroom 14, Bedroom 3, Bedroom 16, Bathroom 2, Bedroom 11, Bathroom 15, Bedroom 1, Bedroom 5, Bedroom 8, Bathroom 18, Bedroom 15, Bathroom 6, Bathroom 13, Bedroom 21, Bedroom 22, Bedroom 7, Bedroom 17, Bathroom 16, Bathroom 5, Bedroom 10, Bedroom 20, Bedroom 12, Bathroom 9, Bathroom 8, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 10, Bathroom 3, Bedroom 19, Bathroom 17
Parking
11
Parking features
Covered, Carport
Directions
Situated on South 6th Street between West Walnut Avenue and West Mines Avenue. The nearest major intersection is South Montebello Boulevard and Washington Boulevard.
Subdivision
Montebello
Standard status
Active
APN
6349-022-045
Size
10,556 SF
Lot size
0.38 Acres
Building Details
Year built
1962
Floors in Building
2
Number of units
11
Listing Agency:
Remax Commercial and Investment Realty · RE/MAX International
(213) 817-1000
Listed By:
Shant Sherbetdjian · License #01713570
(626) 657-8150
Added: Apr 13
Changed: Jul 28
Last Checked: Jul 31 at 1:06PM
MLS# 26698721
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property contains 11 spacious two-story, townhome-style units, each offering 2 bedrooms and 1.5 bathrooms. The building is all-electric and includes an on-site laundry facility, with the ability to add machines. Select units feature private outdoor spaces. Additional amenities include on-site parking and secured entry. The property sits on a large 16,417 square foot lot.
Located at 500 S 6th St in Montebello, the asset is described as having prominent corner placement with strong street presence and visibility. The offering is part of a newly launched 47-unit portfolio, and this is Property 4 of 6 within that group. The remarks also note convenient access to the 60, 605, 710, and 5 freeways.
For buyers seeking a small-balance multifamily asset with an established rental base, the property is currently reported to be generating 5.93% cap rate and 11.10 GRM on current rents. The building is being offered for the first time in 13 years. Regulatory notes in the offering state it is subject only to AB 1482 and not local rent control, described as creating a favorable environment. The portfolio structure also provides flexibility to purchase individually or alongside other properties, as the properties do not have to be sold together.
Located at 500 S 6th St in Montebello, the asset is described as having prominent corner placement with strong street presence and visibility. The offering is part of a newly launched 47-unit portfolio, and this is Property 4 of 6 within that group. The remarks also note convenient access to the 60, 605, 710, and 5 freeways.
For buyers seeking a small-balance multifamily asset with an established rental base, the property is currently reported to be generating 5.93% cap rate and 11.10 GRM on current rents. The building is being offered for the first time in 13 years. Regulatory notes in the offering state it is subject only to AB 1482 and not local rent control, described as creating a favorable environment. The portfolio structure also provides flexibility to purchase individually or alongside other properties, as the properties do not have to be sold together.
Key Highlights
- Property 4 of 6 within a newly launched 47‑unit multifamily portfolio (properties sold individually or together).
- 11 two‑story townhome‑style units; each unit offers 2 bedrooms and 1.5 bathrooms.
- All‑electric building on a 16,417 SF lot; Year Built: 1962.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $335.7k | $31.80 |
| − Vacancy | −$26.9k | −$2.54 |
| EGI | $308.8k | $29.26 |
| − OpEx | −$139.0k | −$13.17 |
| NOI | $169.9k | $16.09 |
10,556 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.43M
$2.12M – $2.83M
NOI $169,854 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.65M
$4.95M – $6.59M
NOI $395,615 @ 7.0% cap · market cap 15.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Explore this area
Business Placement
Demographics for 90640, CA
62,678
Population
20,438
Households
3.1
Avg Household Size
38
Median Age
22%
College-Educated
74%
High-School Grad
8.3 sq mi
ZIP Area
7,552
Density / Sq Mi
$74,833
Median Household Income
$37,983
Median Earnings
$1,771
Median Rent
$660,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 11 two-bedroom, 1.5-bath townhome-style units in an all-electric building with on-site parking and laundry.
Where is this apartment building located?
The property is located at 500 S 6th St Montebello, CA.
What is the asking price?
The asking price for this property is $2,638,000.
What are key features of this property?
This property features: Property 4 of 6 within a newly launched 47‑unit multifamily portfolio (properties sold individually or together).; 11 two‑story townhome‑style units; each unit offers 2 bedrooms and 1.5 bathrooms.; All‑electric building on a 16,417 SF lot; Year Built: 1962.
