233 N 7th Street

Montebello, CA 90640

  • 16 Bed(s)
  • 0 Bath(s)
  • 5,408 Sqft
  • 7819
    Sqft(Lot)
$2,388,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    46768406

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Property Details

  • Bedroom Information

    • Total Bedrooms : 16

    Bathroom Information

    • Total Baths: 10
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Disposal

  • Building Information

    • Year Built: 1960
    • Building Area Total: 5,408

    Laundry Features

    • See Remarks

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1795
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7819

  • Listing Price Information

    • Original List Price: 2,388,000
    • Listing Contract Date: 2024-08-28

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 6346012022

  • Garage and Parking

    • Garage Description: Covered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 674 - Montebello
    • Postal Code Plus 4: 4846
    • Directions: Located on North 7th Street, between W Madison Ave and W Cleveland Ave. The major corridors of W Beverly Blvd and W Whittier Blvd crossing N Montebello Blvd.
    • Zoning: MNR3YY
    • Source Property Type: Residential Income
    • Area: 674 - Montebello

    Building and Construction

    • Property Age: 64
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 5408
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 12/17/2024 @ 22:41

  • MLS: 24433013
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 16 bedrooms which is for sale, it has 5,408 sqft, 7,819 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Montebello , in zip code 90640, this Los Angeles County Home are nearby neighborhoods.