328 N 2nd Street, Montebello, CA 90640

Montebello
Local realty services provided by:ERA North Orange County Real Estate
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...

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Home facts

  • Year built:1947
  • Listing ID #:26748163
  • Added:162 day(s) ago
  • Updated:September 30, 2026 at 11:46 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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