500 S 6th St, Montebello, CA 90640
MULTI_FAMILY - Montebello, CA
- Added:
- Apr 13, 2026
- Days on Market:
- 77
- Last Refresh:
- Jun 28 at 4:06 am
Property Features for 500 S 6th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MNR3YY
- Bedrooms
- 22
- Bathrooms
- 22
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 16, Bathroom 5, Bedroom 18, Bathroom 1, Bedroom 1, Bathroom 8, Bathroom 19, Bedroom 7, Bathroom 3, Bathroom 7, Bathroom 6, Bedroom 5, Bedroom 13, Bedroom 10, Bedroom 12, Bathroom 9, Bathroom 15, Bedroom 14, Bedroom 20, Bathroom 4, Bedroom 19, Bathroom 13, Bathroom 2, Bathroom 10, Bedroom 22, Bathroom 11, Bathroom 20, Bedroom 15, Bedroom 4, Bathroom 18, Bedroom 8, Bathroom 22, Bedroom 21, Bedroom 9, Bedroom 17, Bathroom 14, Bedroom 11, Bathroom 17, Bathroom 12, Bathroom 16, Bedroom 6, Bathroom 21
- Parking
- 11
- Parking features
- Covered, Carport
- Standard status
- Active
- APN
- 6349-022-045
- Size
- 10,556 SF
- Lot size
- 0.38 Acres
Building Details
- Year built
- 1962
- Floors in Building
- 2
- Number of units
- 11
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 13, 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
- Property 4 of 6 within a newly launched 47‑unit multifamily portfolio (properties sold individually or together).
- 11 two‑story townhome‑style units; each unit offers 2 bedrooms and 1.5 bathrooms.
- All‑electric building on a 16,417 SF lot; Year Built: 1962.
- Currently producing a 5.93% cap rate and 11.10 GRM on current rents.
- Secured entry with on‑site parking (covered + carport) and an on‑site laundry facility.
- Regulatory: subject only to AB 1482 and not local rent control.
Overview
Located at 500 S 6th St in Montebello, the asset is described as having prominent corner placement with strong street presence and visibility. The offering is part of a newly launched 47-unit portfolio, and this is Property 4 of 6 within that group. The remarks also note convenient access to the 60, 605, 710, and 5 freeways.
For buyers seeking a small-balance multifamily asset with an established rental base, the property is currently reported to be generating 5.93% cap rate and 11.10 GRM on current rents. The building is being offered for the first time in 13 years. Regulatory notes in the offering state it is subject only to AB 1482 and not local rent control, described as creating a favorable environment. The portfolio structure also provides flexibility to purchase individually or alongside other properties, as the properties do not have to be sold together.
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 | $335.7k | $31.80 |
| − Vacancy | −$26.9k | −$2.54 |
| EGI | $308.8k | $29.26 |
| − OpEx | −$139.0k | −$13.17 |
| NOI | $169.9k | $16.09 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Montebello
- County
- Los Angeles
- State
- California
- Longitude
- -118.109045
- Latitude
- 34.003072
