233 N 7th Street Montebello, CA 90640
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site37 Days
- MLS StatusActive
- MLS ID Number24433013
- Home Size Source N/A
- Year Built1960
- Lot Size0.1795 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Covered
- Parking Spaces 6
- Number of Stories 22
- Acreage 0.1795
- Zoning MNR3YY
- Listing Conditions Standard
Interior Features
- Appliances Disposal
- Laundry Features See Remarks
Community Features
- Senior Community No
- MLS Area 674 - Montebello