698 W Olympic Montebello, CA ^$ 1,148,000

698 W Olympic

^$ 1,148,000

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698 W Olympic

Montebello, CA, 90640

^$ 1,148,000

Bedrooms-- Baths1.0 Sq 2,304

Monthly Estimate*

^$ 7,929

Listed by Pat Swanson, Pat Swanson, pat.swanson@streamrealty.com

698 W Olympic, Montebello, CA 90640 - Image 1

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698 W Olympic, Montebello, CA 90640 - Image 5

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698 W Olympic, Montebello, CA 90640 - Image 8

698 W Olympic, Montebello, CA 90640 - Image 9

698 W Olympic, Montebello, CA 90640 - Image 10

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698 W Olympic, Montebello, CA 90640 - Image 14

Multi-Family Home for sale in Montebello, CA

for $1,148,000 with 1 full bath. This 2,304 square foot home was built in 1915 on a lot size of 0.1264.

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.

Multi-Family Active

Price

^$ 1,148,000

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1264

Year Built

1915

Town/City

Montebello

County/Region

Los Angeles

MLS | Web ID

OC26203738

Days on Market

Features

General

Sewer Public Sewer

Garage Spaces 0

Pool Features None

Year Built 1915

Tenant Pays All Utilities

Property Subtype Apartment

Gross Income 115200

Community Features Suburban Sidewalks

County Los Angeles

Net Operating Income 81359

Operating Expense 30385

Insurance Expense 4608

New Construction false

Property Type Residential Income

Garage Y/N false

Special Listing Conditions Standard

Status Active

Directions North on Bluff Rd Left on Los Angeles Ave Left on 7th St

City Montebello

Entry Location Ground

Senior Community Y/N false

Number Of Units Total 6

MLS Area 674 - Montebello

Lot Size Units Square Feet

Lot Size Square Feet 5504

Listing Terms Cash to New Loan

Property Attached Y/N true

Land Lease Y/N false

Electric Expense 206

Fuel Expense 206

Trash Expense 206

Water Sewer Expense 206

Additional Parcels Y/N false

Rent Control Y/N false

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 0

Property Sub Type Additional Apartment

Expected Active Date 2026-09-18

Interior

Total Stories 2

Common Walls 2+ Common Walls

Laundry Features None

Entry Level 2

Exterior

Lot Features 6-10 Units/Acre

Water Source Public

Total Parking 0

Lot Size Area 5504

Number of Buildings 1

Building Area Total 2304

Lot Size Acres 0.1264

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 6

Number of Separate Gas Meters 6

Number of Separate Electric Meters 6

* Excluded Features

List By

Pat Swanson

Listing Agent

Pat Swanson

Broker

pat.swanson@streamrealty.com

Affordability Calculator

$7,929

Per Month

Monthly Principal & Interest: $7,929
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Montebello, CA

Average List Price ^$1,645,211

Percent of Sale Price 43%

About Montebello, CA

63,627 Population

2% Since 2002

^$49,148 Median Income

36.52 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/6/2026	$1,148,000	-9.96%	Price Down
9/17/2026	$1,275,000		Listed Price

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698 W Olympic, Montebello, CA, 90640 is a Multi-Family Home for sale at $1,148,000 with 2,304 sqft and a lot size of 0.1264. 698 W Olympic has 1.0 baths and was built in 1915. The property's zip code is 90640 which is in Montebello, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 10/10/2026. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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698 W Olympic

Multi-Family Home for sale in Montebello, CA

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