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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 2,388,000

Est. payment -/mo

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Active

233 N 7th ST Montebello, CA 90640

16 Beds

10 Baths

5,408 SqFt

UPDATED:

10/04/2024 11:28 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,408 sqft

Price per Sqft $441

MLS Listing ID 24433013

Bedrooms 16

HOA Y/N No

Year Built 1960

Lot Size 7,819 Sqft

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, 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.

Location

State CA

County Los Angeles

Area 674 - Montebello

Zoning MNR3YY

Rooms

Ensuite Laundry See Remarks

Interior

Laundry Location See Remarks

Fireplace No

Appliance Disposal

Laundry See Remarks

Exterior

Garage Covered

Parking Type Covered

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6346012022

Special Listing Condition Standard

Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

233 N 7th ST Montebello, CA 90640

Key Details

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Others

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233 N 7th ST