North Montebello Multifamily
328 N SECOND ST Montebello, CA 90640
328 N SECOND ST, Montebello, CA, 90640
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For Sale
Contact for pricing
Eight premium units in North Montebello.
Property Size7,559 SF
Price / SF$284.43
Days on Market60
Property Features for 328 N SECOND ST
General Information
- Standard status
- Active
- Size
- 7,559 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1947
Listing Agency
RE/MAX Commercial & Investment Realty
(213) 817-1000
Listed by
Shant Sherbetdjian · License #CA 1713570
Source
Crexi
Added: May 18 Checked: Jul 16 at 11:40 am
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
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.
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 | $240.4k | $31.80 |
| − Vacancy | −$19.2k | −$2.54 |
| EGI | $221.1k | $29.26 |
| − OpEx | −$99.5k | −$13.17 |
| NOI | $121.6k | $16.09 |
7,559 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
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.
