233 N 7th Street

Montebello, CA 90640

  • 16 Bed(s)
  • 0 Bath(s)
  • 5,408 Sqft
  • 7819
    Sqft(Lot)
$2,145,000

Description

*$243,000 price improvement* presenting, 6 deluxe units in a highly desirable north montebello location, consisting of spacious 2 and 3 bedroom units, all occupied units. bring your exchange buyers, this is a great exchange upleg-purchase! situated just north of whittier blvd, this investment opportunity yields excellent cash flow with a 6.84% cap rate and 10.16 grm on current 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 (check out the interior photos!). tenants enjoy the convenience of on-site laundry and covered parking. the upper level units have vaulted ceilings. this property is within a short distance to many shops and restaurants on whittier blvd. buyer has the option to assume the current chase loan ($916,000) at 3.41% interest rate fixed until 12/2025 or obtain conventional financing. property is subject to the statewide ab1482 rent ordinance (currently 8.9%), 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: 2,145,000
    • 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: 65
    • 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 02/22/2025 @ 17:39

  • 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.