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233 7th Street, Montebello, CA 90640
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233 7th Street
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  • MLS#: 24433013 ( )
  • Street Address: 233 7th Street
  • Viewed: 1
  • Price: $2,388,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 80
  • Additional Information
  • County: LOS ANGELES
  • City: Montebello
  • Zipcode: 90640
  • Provided by: Remax Commercial and Investment Realty
  • Contact: Shant Shant
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Appliances
  1. Disposal
Building Area Total
  1. 5408.00
Country
  1. US
Laundry Features
  1. See Remarks
Levels
  1. Two
Lockboxtype
  1. None
Netoperatingincome
  1. 145937.00
Parcel Number
  1. 6346012022
Parking Features
  1. Covered
Postalcodeplus4
  1. 4846
Sourcesystemkey
  1. 24-433013:CLAW
Totalexpenses
  1. 57450.00
Year Built
  1. 1960
Zoning
  1. MNR3YY