Montebello Multifamily Townhome-Style
500 S 6th St, Montebello, CA 90640
MULTI_FAMILY - Montebello, CA
Property size:
10,556 SFLot size:
0.38 AcresPrice / SF:
$274/SF- Added:
- Apr 13, 2026
- Days on Market:
- 50
- Last Refresh:
- Jun 1 at 12:06 pm
Property Features for 500 S 6th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MNR3YY
- Bedrooms
- 22
- Bathrooms
- 22
- Rooms
- Bedroom 7, Bathroom 17, Bathroom 19, Bathroom 20, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 13, Bathroom 3, Bathroom 14, Bedroom 14, Bathroom 7, Bedroom 8, Bedroom 22, Bathroom 10, Bathroom 8, Bathroom 6, Bedroom 21, Bedroom 3, Bathroom 9, Bathroom 16, Bathroom 18, Bedroom 6, Bathroom 12, Bathroom 22, Bathroom 21, Bedroom 5, Bathroom 4, Bedroom 18, Bathroom 5, Bedroom 20, Bathroom 11, Bedroom 19, Bedroom 11, Bedroom 9, Bathroom 15, Bedroom 4, Bedroom 17, Bedroom 12, Bedroom 15, Bedroom 16, Bathroom 2, Bedroom 10, Bathroom 13
- Parking
- 11
- Parking features
- Covered, Carport
- 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 agent Shant Sherbetdjian License #01713570 (626) 657-8150
Listing office Remax Commercial and Investment Realty 99 S Lake Ave., Torrance, CA (213) 817-1000
Listing date Apr 13, 2026
MLS# 26698721
Listing URL
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.
HighLights
- Significant rental upside (approximately 39%) offers a clear value‑add opportunity.
- Well‑positioned multifamily asset with 11 spacious, two‑story, townhome‑style units, each with 2 bedrooms and 1.5 bathrooms.
- Favorable regulatory environment: Subject only to AB 1482 and not local rent control.
- Rare opportunity: First time offered in 13 years in a tightly held submarket.
- Convenient access to multiple freeways (60, 605, 710, and 5).
- On‑site amenities include parking, secured entry, private outdoor spaces in select units, and an on‑site laundry facility.
Overview
This multifamily property in Montebello, CA, features 11 two-story, townhome-style units, each with 2 bedrooms and 1.5 bathrooms. The property is situated on a corner lot with high visibility and has not been offered for sale in 13 years. The all-electric building is located on a 16,417 square foot lot. The property benefits from solid in-place income and approximately 39% rental upside, presenting a value-add opportunity through rent increases. On-site parking, secured entry, private outdoor spaces in select units, and an on-site laundry facility are included. The laundry facility generates supplemental income. Convenient access to the 60, 605, 710, and 5 freeways enhances its appeal to commuters. Subject only to AB 1482 and not local rent control, this asset provides a favorable regulatory environment. The property is part of a six-property, 47-unit portfolio, and investors have the option to purchase individually or as part of a larger investment strategy. The property size is 10,556 square feet and the lot size is 0.3769 acres.
Local 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 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.65M
$4.95M – $6.59M
NOI $395,615 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Montebello
- County
- Los Angeles
- State
- California
- Longitude
- -118.109045
- Latitude
- 34.003072
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eleven townhome-style units with value-add potential in Montebello, CA.
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 $2,900,000.
What are key features of this property?
This property features: Significant rental upside (approximately 39%) offers a clear value‑add opportunity.; Well‑positioned multifamily asset with 11 spacious, two‑story, townhome‑style units, each with 2 bedrooms and 1.5 bathrooms.; Favorable regulatory environment: Subject only to AB 1482 and not local rent control.
