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328 N 2nd Street, Montebello, CA 90640

$2,150,000 Approx. USD 16 beds, 8 baths
7,559 sqft

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Photo of Liz Milan

Marketed By Liz Milan REALTOR® - Sales Associate 818-516-3244 m
626-440-5100 o
Lic#: 01138271
NRDS ID: 629006383
lizmilan@bhhscal.com Pasadena Office
540 South Lake Ave
Pasadena, CA 91101
Phone: 626-440-5100
Fax: 626-568-8120

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Listing Agent

Shant Sherbetdjian | ss@remaxcir.com
Lic#: 01713570
Broker: Courtesy of Remax Commercial and Investment Realty
Phone: 626-657-8150

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active Under Contract

MLS# 26748163

Price: $2,150,000

Beds: 16

Baths: 8

Built in 1947

7,559 sqft

2 stories

0.33 acres

Lot size: 0.3317

County: Los Angeles

Zoning: MNR3YY

Parking description: Garage

MLS area: 674 - Montebello

Last Updated: 5/26/2026

Days On Market (DOM): 35

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This listing belongs to the 674 - Montebello MLS area

Lat/Long: 34.013477, -118.100066.
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Previous Listing

Photo of Liz Milan

Liz Milan REALTOR® - Sales Associate 818-516-3244 m
626-440-5100 o
Lic#: 01138271
NRDS ID: 629006383
lizmilan@bhhscal.com
Pasadena Office
540 South Lake Ave
Pasadena, CA 91101