698 W Olympic
Montebello, CA, 90640
$1,148,000
Original list price: $1,275,000
MLS: OC26203738
Beds
—
Baths
—
Sq Ft
2,304
Lot
0.13 ac
Year Built
1915
MLS #
OC26203738
Days on Market
31
Listed
Sep 18, 2026
Description
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.
Location
Montebello, Los Angeles County, CA 90640
Open on Google Maps ↗Listed by: Pat Swanson · Pat Swanson
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$9,080
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $114,800 · Loan: $1,033,200
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $7,154
- Property tax (1.25%)
- $1,196
- Homeowners insurance
- $300
- Mortgage insurance
- $431
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Montebello home with as little as 3.5% down using an FHA loan — roughly $40,180 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Montebello, CA 90640 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor, Antelope Valley
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