233 N 7th Street, Montebello, CA 90640 - Berkshire Hathaway HomeServices California Properties

233 N 7th Street, Montebello, CA 90640

$2,145,000 Approx. USD 16 beds, 10 baths
5,408 sqft

Listing Agent


Shant Sherbetdjian | ss@remaxcir.com
Lic#: 01713570
Broker: Courtesy of Remax Commercial and Investment Realty

Agent Remarks

*$243,000 PRICE IMPROVEMENT* Presenting, 6 Deluxe units in a highly desirable North Montebello location, consisting of spacious 2 and 3 bedroom units, ALL OCCUPIED UNITS. Bring your Exchange Buyers, this is a great exchange upleg-purchase! Situated just North of Whittier Blvd, this investment opportunity yields excellent cash flow with a 6.84% Cap Rate and 10.16 GRM on current 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 (check out the interior photos!). Tenants enjoy the convenience of on-site laundry and covered parking. The upper level units have vaulted ceilings. This property is within a short distance to many shops and restaurants on Whittier Blvd. Buyer has the option to Assume the Current CHASE Loan ($916,000) at 3.41% Interest Rate Fixed until 12/2025 or obtain conventional financing. Property is subject to the statewide AB1482 rent ordinance (Currently 8.9%), with no local rent control.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 24433013
List price is $2,145,000 Reduced by $243,000 on 2/5/2025
Price: $2,145,000
Beds: 16
Baths: 10
Built in 1960
5,408 sqft
2 stories
0.18 acres
Lot size: 0.1795
County: Los Angeles
Zoning: MNR3YY
Appliances: Disposal
Parking description: Covered
MLS area: 674 - Montebello

Last Updated: 2/5/2025

 Days On Market (DOM): 252

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This listing belongs to the 674 - Montebello MLS area

Lat/Long: 34.012915, -118.106486.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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