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 Market146
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
(213) 817-1000
Source:
Crexi
Added: May 18
Changed: Sep 10
Last Checked: Oct 9 at 7:11PM
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.
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.
Property Analytics
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Current Use
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
Questions? Ask Rey
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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.
