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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. Situated just North of Whittier Blvd, this investment opportunity yields excellent cash flow with a 6.23% Cap Rate and 10.99 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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Remax Commercial and Investment Realty
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CLW-X83172
CLW-X7538301
Shant
6346012022
: Standard
Two
32

Multi-Family For Sale

233 7th Street, Montebello, California 90640

5,408 Sqft
$2,388,000
Listing ID #24433013
Basic Details
Status : Active
DaysOnMarket : 7
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24433013
Price : $2,388,000
Living Area : 5,408 Sqft
Lot Size : 7,819 Sqft
Year Built : 1960
Country : US
State : California
County : Los Angeles
City : Montebello
Zipcode : 90640
Price Per Square Foot : $442
ModificationTimestamp : 2024-09-04 17:26:26
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