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616 Via Altamira

Montebello, CA 90640
  • $2,120,000
  • STATUS: Active
  • ON SITE: 119 Days
  • ID#: 25616493
UPDATED: 115 min ago
$2,120,000
  • 17
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,986
    SQFT
  • $354
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Listing Agent(s): Shant Sherbetdjian of Remax Commercial and Investment Realty (213-817-1000)


Description

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. ***CHECK OUT THE PROPERTY VIDEO***

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-10T00:27:18.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
www.bestsocalhomesearch.com/homes/169785057
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616 Via Altamira Montebello, CA 90640

  • Price: $2,120,000
  • Status: Active
  • On Site: 119 Days
  • Updated: 115 min ago
  • ID#: 25616493
17
Beds
0
Baths
0
½ Baths
0.21
Acres
5,986
SQFT
$354
$/SQFT
1963
Built
Neighborhood:
674 - Montebello
County:
Los Angeles
Area:
674 - Montebello
Property Description
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. ***CHECK OUT THE PROPERTY VIDEO***
Exterior Features

Open Parking Spaces 3 Parking Features Covered Parking Total 12

Interior Features

Heating Central Heating YN Yes

Property Features

Association YN No Cap Rate 5.08 Gross Income 179340 Laundry Features Laundry Room Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 107594 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance 5380 Vacancy Allowance Rate 3 Zoning MNR3YY



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-10T00:27:18.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
 
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Realty ONE Group Empire
13330 Ranchero Rd. Ste 12
Oak Hills CA, 92344
Listing Agent(s): Shant Sherbetdjian of Remax Commercial and Investment Realty (213-817-1000)