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6 UNITS | NORTH MONTEBELLO | 11.82 GRM 616 Via Altamira 6 Unit Apartment Building $2,120,000 ($353,333/Unit) Montebello, CA 90640

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INVESTMENT HIGHLIGHTS

  • Well-Maintained 6-unit multifamily investment property located in the desirable North Montebello | Bordering Monterey Park
  • Secured entry, gated parking, & an on-site laundry room for tenant convenience | Recent upgrades include a new 100-gallon central water heater
  • Considered "Very Walkable" with a 71 Walk Score, providing easy access to nearby shops, restaurants, and services
  • Excellent unit mix, featuring mostly 3-bedroom units, and is professionally managed for ease of ownership
  • Each unit is separately metered for gas and electricity, and most units enjoy pleasant city or hillside views
  • Only subject to the Statewide AB 1482 Rent Ordinance and not subject to local rent control, allowing for greater flexibility in rent adjustments

EXECUTIVE SUMMARY

We are pleased to present for sale a well-maintained 6-unit multifamily investment property located in the desirable North Montebello area, bordering Monterey Park. This property offers an excellent unit mix, featuring mostly 3-bedroom units, and is professionally managed for ease of ownership. The building features secured entry, gated parking, and an on-site laundry room for tenant convenience. Each unit is separately metered for gas and electricity, and most units enjoy pleasant city or hillside views. Recent upgrades include a new 100-gallon central water heater. Ideally situated near the 60, 710, and 5 freeways, the property offers excellent accessibility to major employment and retail centers. The neighborhood is considered "Very Walkable" with a 71 Walk Score, providing easy access to nearby shops, restaurants, and services. This property is only subject to the Statewide AB 1482 Rent Ordinance and not subject to local rent control, allowing for greater flexibility in rent adjustments. Please note: 5 of the 6 units are tenant-occupied. Do not disturb occupants, interior images of the vacant unit is provided herein. Title records reflect a 2-bedroom in Unit #E. Do not walk on the property or engage with tenants regarding the sale. Direct all inquiries to the listing agent. Drive by only. For more information and to receive a full marketing package (including rent roll and income/expense breakdown), please contact the listing agent.***CHECK OUT THE PROPERTY VIDEO***

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $175,584 $29.33
Other Income $3,756 $0.63
Vacancy Loss $5,380 $0.90
Effective Gross Income $173,960 $29.06
Taxes $30,269 $5.06
Operating Expenses $36,097 $6.03
Total Expenses $66,366 $11.09
Net Operating Income $107,594 $17.97

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $175,584
Annual Per SF $29.33
Other Income
Annual $3,756
Annual Per SF $0.63
Vacancy Loss
Annual $5,380
Annual Per SF $0.90
Effective Gross Income
Annual $173,960
Annual Per SF $29.06
Taxes
Annual $30,269
Annual Per SF $5.06
Operating Expenses
Annual $36,097
Annual Per SF $6.03
Total Expenses
Annual $66,366
Annual Per SF $11.09
Net Operating Income
Annual $107,594
Annual Per SF $17.97

PROPERTY FACTS

Price $2,120,000
Price Per Unit $353,333
Sale Type Investment
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.21 AC
Building Size 5,986 SF
No. Stories 2
Year Built 1963
Parking Ratio 2/1,000 SF
Zoning MNR3YY

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

SITE AMENITIES

  • Laundry Facilities
  • Gated

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+1.5 4 $2,638 -
3+1 1 $2,395 -
2+1 1 $2,000 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5268-005-009
Land Assessment
$725,531 (2025)
Improvements Assessment
$892,413 (2025)
Total Assessment
$1,617,944 (2025)
Annual Taxes
$30,269 ($5.06/SF)
Tax Year
2024
  • Listing ID: 38393315

  • Date on Market: 11/10/2025

  • Last Updated:

  • Address: 616 Via Altamira, Montebello, CA 90640

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