328 N 2nd Street, Montebello, CA 90640
Local realty services provided by:CENTURY 21 Adams & Barnes
328 N 2nd Street,Montebello, CA 90640
$2,150,000
- 16 Beds
- 8 Baths
- 7,559 sq. ft.
- Multi-family
- Active
Listed by: shant sherbetdjian
Office: remax commercial and investment realty213-817-1000
MLS#:26748163
Source:CRMLS
Price summary
- Price:$2,150,000
- Price per sq. ft.:$284.43
About this home
We are pleased to present for the first time on the market in over 50 years, this exceptional multi-family property represents a rare generational asset opportunity in the highly desirable North Montebello submarket. Widely considered a trophy investment, the property features spacious 2-bedroom, 1-bathroom units averaging nearly 900 square feet each, offering an ideal layout that appeals to a broad tenant base. Each unit is equipped with garage parking, laundry hookups, and private rear entrances, enhancing both functionality and tenant privacy. The property has also seen key infrastructure improvements, including an updated main electrical panel, and offers strong potential for the addition of multiple ADUs (buyer to verify), creating a compelling path for future income growth. From an investment perspective, the asset presents significant value-add potential, with projected rental upside of approximately 75%, allowing investors to strategically renovate and reposition the property to capture higher market rents. Its walkable location provides convenient access to retail and dining along Beverly Blvd, further boosting tenant demand and long-term desirability. Additionally, the property benefits from minimal rent control constraints, as it is subject only to California's AB 1482 ordinance and not governed by any local rent control, offering greater operational flexibility. Altogether, this is a rare opportunity to acquire a well-located, underutilized asset with substantial upside in one of Montebello's most sought-after neighborhoods....
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Home facts
- Year built:1947
- Listing ID #:26748163
- Added:99 day(s) ago
- Updated:July 29, 2026 at 11:38 AM
Rooms and interior
- Bedrooms:16
- Total bathrooms:8
- Living area:7,559 sq. ft.
Structure and exterior
- Year built:1947
- Building area:7,559 sq. ft.
- Lot area:0.33 Acres
- Levels:2 Story
Finances and disclosures
- Price:$2,150,000
- Price per sq. ft.:$284.43
Parking
- Total parking spaces:8
- Parking description:Garage
- Garage:Yes
- Garage spaces:8
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