USACAMontebello328 N 2Nd Street
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328 N 2Nd Street, Montebello, CA

House

For Sale

Listed price in listed location currency (USD).
$2,150,000

1688

MLS® 26748163

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 7559 sqft
Garage Yes
Taxes 
Days Active 0
Lot Size 
Approx. Age 1947
Avg. Price Per Sqft $284
MLS® Number 26748163

Property Address: 328 N 2nd Street, Montebello, CA, 90640

Average square foot calculated using Size range provided by listing agent.

Description

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 68%, 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.
MLS® Number26748163
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1947
Basement
DrivewayGarage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 21, 2026List Date
$2,150,000List Price
  • Commute

Commute

Starting Address
Destination Address
328 N 2Nd Street, Montebello, CA

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