328 N 2nd St, Montebello, CA 90640
MULTI_FAMILY - Montebello, CA
- Added:
- Apr 21, 2026
- Days on Market:
- 55
- Last Refresh:
- Jun 14 at 6:06 pm
Property Features for 328 N 2nd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MNR3YY
- Bedrooms
- 16
- Bathrooms
- 8
- Rooms
- Bedroom 7, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 13, Bathroom 3, Bedroom 14, Bathroom 7, Bedroom 8, Bathroom 8, Bathroom 6, Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 4, Bathroom 5, Bedroom 11, Bedroom 9, Bedroom 4, Bedroom 12, Bedroom 15, Bedroom 16, Bathroom 2, Bedroom 10
- Parking
- 8
- Parking features
- Garage
- Standard status
- Active Under Contract
- APN
- 6346-006-004
- Size
- 7,559 SF
- Lot size
- 0.33 Acres
Utilities
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1947
- Floors in Building
- 2
- Number of units
- 8
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 21, 2026
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 value‑add potential with projected 75% rental upside.
- Rare opportunity to acquire a generational asset in a highly desirable North Montebello location.
- Minimal rent control constraints (subject only to AB 1482).
- Spacious 2‑bedroom, 1‑bathroom units averaging nearly 900 square feet.
- Each unit includes garage parking, laundry hookups, and private rear entrances.
- Potential for addition of multiple ADUs (buyer to verify).
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Montebello
- County
- Los Angeles
- State
- California
- Longitude
- -118.100066
- Latitude
- 34.013477
