698 W Olympic Blvd Montebello, CA 90640
Montebello AreaEstimated payment $8,473/month
About This Home
Clean six-unit investment opportunity located in a desirable residential neighborhood of Montebello. The property features six 1-bedroom, 1-bathroom units that were extensively renovated in 2020, providing investors with a well-maintained, low-maintenance asset. A RUBS program is in place to help offset water and trash expenses and improve operating efficiency. The property is not subject to local rent control and is governed by AB 1482. Offering a 6.25% CAP Rate at an attractive price point, this is an excellent starter investment or addition to an existing multifamily portfolio.
Listing Agent
Pat Swanson Brokerage Phone: 213-864-2862 License #01382974 Listed on: 09/18/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1915
Lot Details
- 5,504 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Apartment
- Entry on the 2nd floor
Interior Spaces
- 2,304 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Location
- Suburban Location
Listing and Financial Details
- $1,465 per year additional tax assessments
Community Details
Overview
- 6 Units
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 6 Separate Water Meters
- Electric Expense $206
- Fuel Expense $206
- Insurance Expense $4,608
- Trash Expense $206
- Water Sewer Expense $206
- Operating Expense $32,081
- Gross Income $115,200
- Net Operating Income $79,663
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/18/2026 09/18/26 | For Sale | $1,275,000 | -- | $553 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26203738
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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