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233 N 7th St
Montebello CA 90640 US

$2,145,000

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

$2,145,000

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

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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: 2145000
  • 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 © 2025 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: 2/6/2025 3:31:18 PM GMT
Source Updated Date: 2/21/2025 6:51:39 AM GMT

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

Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.