233 N 7Th Street

Montebello, CA 90640

$2,388,000

List Price

16

bed Beds

10

shower Baths

5,408 sqft

straighten / sqft

1960

calendar_month Built

Property Description

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.

Listing Information

List Price $2,388,000
Status Active
MLS 24433013
Type Residential Income
Year Built 1960
Lot Size 7,819
Structure Size 5,408
DOM 37
Courtesy Of Remax Commercial and Investment Realty
Listing Agent Shant Sherbetdjian DRE#01713570

Interior Features

Laundry Information
Location(s) See Remarks
Total Bedroom
Bedrooms 16
Total Bathroom
Bathrooms 10

Exterior Information

Maps

Listing information courtesy of: Shant Sherbetdjian, Remax Commercial and Investment Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 4th, 2024 at 11:28 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.