233 N 7th Street
Montebello, CA, 90640
$2,388,000
Beds
0 Baths
SqFt
0.18 Acres
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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 Details

Price:
$2,388,000
MLS #:
24433013
Status:
Active
Baths:
0
Address:
233 N 7th Street
Type:
Residential Income
Neighborhood:
674montebello
City:
Montebello
Listed Date:
Aug 28, 2024
State:
CA
ZIP:
90640
Lot Size:
7,819 sqft / 0.18 acres (approx)
Year Built:
1960
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6.00
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233 N 7th Street
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