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233 N 7th St
Montebello CA 90640 US

$2,388,000

Active Listing ID 24-433013
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16 bed
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Lot: 0.18 Acres
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Other

$2,388,000

Active Listing ID 24-433013
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233 N 7th St 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.

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Property Features

  • Facts
  • Lot Size: 0.18 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Wall Unit(s) A/C

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 2388000
  • unparsedaddress: 233 N 7th St
  • postalcity: Montebello
  • stateorprovince: CA
  • country: US
  • postalcode: 90640
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1796
  • lotsizeunits: Acres
  • lotsizearea: 0.1796
  • livingarea: 5408
  • livingareaunits: Square Feet
  • listagentfullname: Shant Sherbetdjian
  • listagentemail: ss@remaxcir.com
  • listagentkey: 3yd-CLAWCA-X83172
  • listagentmlsid: X83172
  • listagentpreferredphone: 2138171000
  • listagentofficephone: 2138171000
  • listofficekey: 3yd-CLAWCA-X7538301
  • listofficemlsid: X7538301
  • disclaimer: Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CLAWCA
  • yearbuilt: 1960
  • listingcontractdate: 2024-08-28
  • countyorparish: Los Angeles
  • parcelnumber: 6346-012-022
  • cooling: Wall Unit(s) A/C
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 6
  • parkingfeatures: Covered
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
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Listing Changed: 11/8/2024 8:55:05 AM GMT
Source Updated Date: 11/23/2024 6:52:39 AM GMT

Courtesy of: Shant Sherbetdjian, Remax Commercial and Investment Realty, ss@remaxcir.com

Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.