233 N 7Th Street
Montebello, CA 90640
Active for $2,388,000
Beds: 16 Baths: 10 Structure Size: 5,408 sqft Lot Size: 7,819 sqft
| MLS | 24433013 |
| Year Built | 1960 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $2,388,000 |
| Structure Size | 5,408 sqft |
| Lot Size | 7,819 sqft |
| Beds | 16 |
| Baths | 10 |
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 courtesy of: Shant Sherbetdjian, Remax Commercial and Investment Realty . *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 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.
Location
Contact a Local Realtor®
David Yaghootian
REALTOR®
Direct: 818.268.0046
Email: Email Me
DRE: 02128492
DRE #01873088
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