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$2,388,000

Beds
16
sq ft
5,408

233 N 7th St, Montebello, CA 90640

233 N 7th St

Montebello, CA 90640

  • 116 days on market
We are pleased to present for sale, 6 Deluxe units in a highly desirable North Montebello location, consisting of spacious 2 and 3 bedroom units, ALL OCCUPIED UNITS. Situated just North of Whittier Blvd, this investment opportunity yields excellent cash flow with a 6.11% Cap Rate and 11.15 GRM on scheduled rents. The building has a desirable unit mix of (Four) 3 bed + 1.75 bath and (Two) 2 bed + 1 bath units. With many recent capital improvements, some units have been renovated with new paint, windows, floors, shower, vanity and more. Tenants enjoy the convenience of on-site laundry and covered parking. The upper level units have vaulted ceilings. This property is a short distance to many shops and restaurants on Whittier Blvd. Buyer has the option to Assume the Current CHASE Loan ($925,000) at 3.41% Interest Rate Fixed until 12/2025. Property is subject to the statewide AB1482 rent ordinance, with no local rent control.

Details

Property type

Lot size

7,819 sq ft

Price per sq ft

$442

Year built

1960

HOA

No

Price History

08/28/2024
CLAW

CLAW #24433013

Listed
$2,388,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/22/2024 at 10:50 PM

Listing updated: 12/04/2024 at 6:00 PM

Listed by: Shant Sherbetdjian, Remax Commercial and Investment Realty Phone #: (213) 817-1000

MLS: CLAW #24433013

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