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Montebello Multifamily Property For Sale
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509 - 523 N 3rd St., Montebello, CA 90640

12-unit multifamily property with vacant land in Montebello, CA.

Property Size11,923 SF
Lot Size0.37 Acres
Days on Market161

Property Features for 509 - 523 N 3rd St.

General Information

Standard status Active
Size 11,923 SF
Lot size 0.37 Acres
Property subtype Multifamily
Listing Agency: Retail Property Advisors
Listed By: Brendan McArthur · License #CalDRE #1185335
Source: Retail-pa
Added: Feb 26 Changed: Jul 10 Last Checked: Aug 6 at 3:55AM

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 Retail Property Advisors

Investment Insights

Based on property information with market context.

This 12-unit multifamily property in Montebello, CA, comprises five buildings totaling 11,923 square feet and approximately 0.37 acres of vacant land. The property is zoned General Commercial (C-2) and Multiple-Family Residential (R-3). It presents a value-add opportunity with high vacancy. The location is across Beverly Blvd. from Adventist Health White Memorial Hospital. Nearby retailers include The Home Depot, Target, Superior Grocers, Vons, Harbor Freight, Big 5 Sporting Goods, and Marshalls. The APN is 5269-013-037.

Key Highlights

  • Value add opportunity
  • High vacancy
  • 12‑unit multi‑family property

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Law Firm Real Estate Agency Gym & Fitness Center Cafe & Coffee Shop Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,420
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 12-unit multifamily property with vacant land in Montebello, CA.
Where is this apartment building located?
The property is located at 509 - 523 N 3rd St. Montebello, CA.
What are key features of this property?
This property features: Value add opportunity; High vacancy; 12‑unit multi‑family property
More about this property
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