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  • 328 N 2Nd Street

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 Aaron Khosh

Aaron Khosh REALTOR® - Sales Associate 949-554-4155 m
949-554-4155 o
Lic#: 02020525
NRDS ID: 185060749
aaronkhosh@gmail.com Text Me
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Lic#: 02020525
NRDS ID: 185060749
aaronkhosh@gmail.com Newport Beach Office
23 Corporate Plaza, Suite 100
Newport Beach, CA 92660
Phone: 949-644-6200
Fax: 949-640-7429
 Newport Beach 23 Corporate Plaza, Suite 100
Newport Beach, CA 92660
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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

 Find more Montebello homes and real estate

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This listing belongs to the 674 - Montebello MLS area

Lat/Long: 34.013477, -118.100066.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Aaron Khosh

Aaron Khosh REALTOR® - Sales Associate 949-554-4155 m
949-554-4155 o
Lic#: 02020525
NRDS ID: 185060749
aaronkhosh@gmail.com Text Me
Call My Cell
Call My Office
Lic#: 02020525
NRDS ID: 185060749
aaronkhosh@gmail.com
Newport Beach Office
23 Corporate Plaza, Suite 100
Newport Beach, CA 92660
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