$2,388,000
233 N 7th Street
Montebello, CA, 90640
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.
Property Details
Price:
$2,388,000
MLS #:
24433013
Status:
Active
Baths:
0
Address:
233 N 7th Street
Type:
Residential Income
Neighborhood:
674montebello
City:
Montebello
Listed Date:
Aug 28, 2024
State:
CA
ZIP:
90640
Lot Size:
7,819 sqft / 0.18 acres (approx)
Year Built:
1960
Schools
Interior
Appliances
Disposal
Exterior
Parking Features
Covered
Parking Spots
6.00
Stories Total
2
Financial
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Courtesy of Remax Commercial and Investment Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 233 N 7th Street
Montebello, CA
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