233 N 7th ST Active Save Request In-Person Tour Request Virtual Tour
Montebello,CA 90640
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,408 sqft
Price per Sqft $441
MLS Listing ID 24433013
Bedrooms 16
Year Built 1960
Lot Size 7,819 Sqft
Property 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.
Location
State CA
County Los Angeles
Area 674 - Montebello
Zoning MNR3YY
Rooms
Ensuite Laundry See Remarks
Interior
Laundry Location See Remarks
Laundry See Remarks
Exterior
Garage Covered
Building
Story 2
New Construction No
Others
Special Listing Condition Standard