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    616 Via Altamira Montebello, CA 90640

    New
    For Sale
    $2,120,000

    MULTI_FAMILY - Montebello, CA

    Property size:
    5,986 SF
    Lot size:
    0.21 Acres
    Days on Market:
    7
    Last Refresh:
    Dec 7 at 2:06 am

    Property Features for 616 Via Altamira

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    MNR3YY
    Rooms
    Bedroom 8, Bedroom 10, Bathroom 6, Bedroom 1, Bathroom 4, Bathroom 2, Bedroom 17, Bedroom 13, Bathroom 10, Bedroom 6, Bedroom 15, Bathroom 3, Bedroom 9, Bathroom 7, Bathroom 8, Laundry Room, Bedroom 12, Bedroom 16, Bedroom 7, Bedroom 4, Bathroom 5, Bedroom 14, Bedroom 2, Bedroom 11, Bathroom 1, Bedroom 5, Bedroom 3, Bathroom 9
    Bedrooms
    17
    Bathrooms
    10
    APN
    5268-005-009
    Parking
    12
    Parking features
    Covered
    Size
    5,986 SF
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1963
    Floors in Building
    3
    Number of units
    6

    RE/MAX Commercial & Investment (310) 802-2500 [email protected]

    Listing agent Shant Sherbetdjian (213) 817-1000 License #01713570

    Listing date Dec 1, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Montebello Multifamily Investment Opportunity

    This well-maintained 6-unit multifamily investment property is located in the desirable North Montebello area, bordering Monterey Park. The property features an excellent unit mix with mostly 3-bedroom units and is professionally managed. Secured entry and gated parking are included, along with an on-site laundry room for tenant convenience. Each unit is separately metered for gas and electricity, and most units have city or hillside views. Recent upgrades include a new 100-gallon central water heater. The property has excellent accessibility to major employment and retail centers, situated near the 60, 710, and 5 freeways. The neighborhood is considered "Very Walkable" with a 71 Walk Score, providing easy access to nearby shops, restaurants, and services. The property is only subject to the Statewide AB 1482 Rent Ordinance and not subject to local rent control, allowing for greater flexibility in rent adjustments. The lot size is 0.2069 acres, and the property size is 5986 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montebello
    County
    Los Angeles
    State
    California
    Longitude
    -118.130193
    Latitude
    34.024484

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 6-unit multifamily property in North Montebello.
    Where is this apartment building located?
    The property is located at 616 Via Altamira Montebello, CA.
    What is the asking price?
    The asking price for this property is $2,120,000.
    What are key features of this property?
    This property features: - Excellent unit mix featuring mostly 3-bedroom units, appealing to families.; - Not subject to local rent control, only the Statewide AB 1482 Rent Ordinance.; - Located in the desirable North Montebello area, bordering Monterey Park.
    (213) 817-1000
    Request Owner's contact information
    616 Via Altamira Montebello, CA 90640
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    Montebello, CA 90640
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    616 Via Altamira Montebello, CA 90640
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