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233 N 7th Street

Montebello, CA 90640

– beds
– baths
– sqft
7,819 sqft lot
1960 build
– on site

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.

Listed By CRMLS_CA / Shant Sherbetdjian / Remax Commercial and Investment Realty

Last checked: Checking… • Last updated Oct 4, 2024 •

MLS# 24433013 —

The Building

Year Built:

1960
New Construction:

No
Building Area Total:

5408.00
Total Number Of Units:

6
# of Buildings:

1
Stories Total:

2

Interior

Levels:

Two
Laundry:

See Remarks
Laundry:

1

Location

Directions:

Located on North 7th Street, between W Madison Ave and W Cleveland Ave. The major corridors of W Beverly Blvd and W Whittier Blvd crossing N Montebello Blvd.
Latitude:

34.01291500
Longitude:

-118.10648600

The Property

Property Type:

Residential Income
Zoning:

MNR3YY
Lot Size Area:

7819.0000
Lot Size Acres:

0.1795
Lot Size SqFt:

7819.00
Lot Size Source:

Assessor

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

6346012022

Appliances

Appliances:

Disposal
Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Covered
Parking Spaces:

6.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
8/28/24 Aug 28, 2024	Listed / Active	CRMLS_CA	$2,388,000

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This multifamily located in Southeast La, Montebello, CA 90640 is currently for sale for $2,388,000. 233 N 7th Street is a – square foot multifamily with – beds and – baths that has been on Estately for 116 days. 233 N 7th Street is in the Southeast La neighborhood of Montebello and has a WalkScore® of 89, making it very walkable. This multifamily is in the attendance area of La Merced Intermediate School, Fremont Elementary School, and Montebello High School.

Listing Courtesy of: CRMLS_CA and Remax Commercial and Investment Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 13:52 on Dec 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.