$2,388,000
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233 7th Street Montebello, CA 90640
Cluster
Residence
16
Beds
10
Baths
5,408
Sq. Ft.
0.18
Acre
Lot
Property Activity
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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 s...cheduled 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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MLS#
24433013
Property Type
Cluster
Status
Bedrooms
16
Bathrooms
Year Built
1960
Square Feet
5,408
sq. ft
Lot Size
0.18
Stories
2.0
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