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.

Facts and features

Schools

• Fremont Elementary School

  elementary · K-5 · 0.1 mi

  3

• La Merced Intermediate School

  middle · 6-8 · 0.7 mi

  4

• Montebello High School

  high · 9-12 · 1.2 mi

  4

• Montebello Christian School

  elementary · K-8 · 0.5 mi

• Armenian Mesrobian

  elementary · K-12 · 0.5 mi

• St. Benedict Elementary School

  elementary · 0.6 mi

Price history

• Apr 21, 2026 · Listed$2,150,000

Tax history

• 2025$4,678 tax · $179,984 assessed
• 2024$4,562 tax · $176,456 assessed
• 2023$4,542 tax · $169,605 assessed
• 2022$4,431 tax · $166,280 assessed
• 2021$4,280 tax · $163,021 assessed
• 2020$4,253 tax · $161,350 assessed
• 2019$4,165 tax · $158,187 assessed
• 2018$3,987 tax · $155,086 assessed

Home value

$1,211,000

• Collateral Analytics$1,211,000

Where it is