Two-Unit Duplex with Private
For Sale
$759,000
137 N 2nd, Montebello, CA 90640
Both residences have individual garages and yard space, with alley access to the garages.
Property Size1,606 SF
Price / SF$472.60
Days on Market71
Property Features for 137 N 2nd
General Information
Standard status
Active
Size
1,606 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Parking per Unit
1
Amenities
private yards
Building Details
Building Size
1,606 SF
Year Built
1922
Listing Agency:
Century 21 Allstars
Listed By:
Chuck Chavez · License #01367620
(562) 205-3504
Source:
Brillarealestate
Added: Aug 18
Changed: Oct 26
Last Checked: Oct 26 at 12:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Allstars
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Investment Insights
Based on property information with market context.
Built in 1922, this 1,606-square-foot duplex contains two separate residences. The front unit has two bedrooms and one bathroom; the rear unit has one bedroom and one bathroom. Each residence has a private yard and a one-car garage, with the garages accessible from the alley.
The property is at 137 N 2nd in Montebello, north of Whittier Boulevard. Its two-unit layout and separate outdoor areas, garages, and alley access are defining physical features of the property.
The property is at 137 N 2nd in Montebello, north of Whittier Boulevard. Its two-unit layout and separate outdoor areas, garages, and alley access are defining physical features of the property.
Key Highlights
- Two residences: a front 2‑bedroom, 1‑bathroom unit and a rear 1‑bedroom, 1‑bathroom unit
- 1,606 square feet; built in 1922
- One‑car garage and private yard for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,047
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,940
$560.9K
Cap Rate 7%
$400,671
$400.7K
Cap Rate 9%
$311,633
$311.6K
Market Conditions
NOI Build-Up for 1,606 SF
Gross rent
$43.4K $27.00/SF
− Vacancy
−$3.3K −$2.05/SF
EGI
$40.1K $24.95/SF
− OpEx
−$12.0K −$7.48/SF
NOI
$28.0K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,940
Cap Rate 7%
$400,671
Cap Rate 9%
$311,633
Alternative Uses
Best Use
Multifamily LT 5
$400.7K
$350.6K – $467.5K
NOI $28,047 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$369.2K
$323.0K – $430.7K
NOI $25,842 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$859.8K
$752.4K – $1.00M
NOI $60,189 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,518
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have individual garages and yard space, with alley access to the garages.
Where is this duplex located?
The property is located at 137 N 2nd Montebello, CA.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: Two residences: a front 2‑bedroom, 1‑bathroom unit and a rear 1‑bedroom, 1‑bathroom unit; 1,606 square feet; built in 1922; One‑car garage and private yard for each unit
