North Montebello Multifamily
For Sale
Contact for pricing
Pending
328 N SECOND ST, Montebello, CA 90640
Eight premium units in North Montebello.
Property Size7,559 SF
Days on Market172
Property Features for 328 N SECOND ST
General Information
Standard status
Pending
Size
7,559 SF
Property subtype
Multifamily
Zoning
MNR3YY
Occupancy
100%
Building Details
Year Built
1947
Buildings
1
Units
8
Listing Agency:
RE/MAX Commercial & Investment Realty
Listed By:
Shant Sherbetdjian · License #CA 1713570
(626) 657-8150
Source:
Crexi
Added: May 18
Changed: Oct 25
Last Checked: Nov 4 at 1:37PM
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 RE/MAX Commercial & Investment Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property, located in North Montebello, features eight units. The property has a size of 7559 square feet. It is suitable for residential income purposes.
Key Highlights
- Eight premium units offer a great investment opportunity.
- Located in North Montebello.
- Built in 1947.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,630
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,432,600
$2.4M
Cap Rate 7%
$1,737,571
$1.7M
Cap Rate 9%
$1,351,444
$1.4M
Market Conditions
NOI Build-Up for 7,559 SF
Gross rent
$240.4K $31.80/SF
− Vacancy
−$19.2K −$2.54/SF
EGI
$221.1K $29.26/SF
− OpEx
−$99.5K −$13.17/SF
NOI
$121.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,432,600
Cap Rate 7%
$1,737,571
Cap Rate 9%
$1,351,444
Alternative Uses
Best Use
Apartment 5plus
$1.74M
$1.52M – $2.03M
NOI $121,630 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.05M
$3.54M – $4.72M
NOI $283,294 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,438
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight premium units in North Montebello.
Where is this apartment building located?
The property is located at 328 N SECOND ST Montebello, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Eight premium units offer a great investment opportunity.; Located in North Montebello.; Built in 1947.
