N/A
Bedrooms
Sold for $1,960,000 · Sep 2026
SOLDListed at $2,095,000
Montebello, CA
MLS# CV26115746
Kristopher German
Listing Agent
RE/MAX 2000 REALTY
DRE #: 01800021
Brokerage: RE/MAX 2000 REALTY
N/A
Bedrooms
N/A
Bathrooms
4,560 sqft
Square Feet
1947
Year Built
0.28 acres
Lot Size
$430
Price/Sq Ft
6
Garage Spaces
N/A
HOA
Apartment
Property Type
Price Reduced! Rare opportunity to acquire two side-by-side 5-unit properties in the city of Montebello, offering 10 total units across two separate parcels in one of the area's most supply constrained multi-family markets. Now offered at $2,095,000, only $209,500 per unit, the property provides investors an attractive entry point into a market where apartment inventory rarely becomes available. The investment currently delivers a 5% CAP Rate and 12.6 GRM, with an estimated 25% upside in rental income, creating an opportunity for increased cash flow over time. The properties feature a desirable configuration with six single-story units and four second-level units with parking below. The unit mix consists of six 1-Bed/1-Bath units and four Studio apartments. Residents enjoy onsite garage parking, while tenants pay for their own utility usage, creating an efficient operating structure for ownership. Another significant advantage is no local city rent control, providing greater flexibility for investors as they work toward capturing the property's rental upside. Ideally located in a prime Montebello rental pocket just minutes from Montebello Park, Whittier Boulevard, schools, shopping, and major amenities, this offering combines compelling new pricing, strong in-place income, and meaningful rental upside. At just $209,500 per unit, this is an opportunity for investors looking to take advantage of aggressive pricing in the San Gabriel Valley.
Listing description from the September 2026 sale, as reported to CRMLS.
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1 recorded sale
221 S Maple Avenue sold for $1,960,000 in September 2026, 6.4% under its $2,095,000 list price, after 73 days on the market. It was first listed at $2,295,000. Across 166 closed sales in 90640 over the last 12 months, the median sold price is $850,000 and the median is $510 per square foot.
| Quarter | Closed sales in 90640 | Median sold price |
|---|---|---|
| Q1 2026 | 16 | $794,500 |
| Q2 2026 | 60 | $850,000 |
| Q3 2026 | 70 | $882,490 |
| Q4 2026 | 20 | $806,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Montebello · Homes for sale in 90640
Closed sales reported in 90640, nearest first, last 12 months. All recent sales in Montebello →
221 S Maple Avenue
Contact Kristopher German
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Contact Listing Agent
RE/MAX 2000 REALTY
DRE #01800021
Contact information is not available for this listing.