233 North 7th Street
$2,388,000
16
10
5,408
5,408
$442
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,...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.
- Listed by Shant Sherbetdjian • DRE #01713570 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty
Property Details for 233 North 7th Street
Zoning
MNR3YY
Cross StreetsW Madison Ave
Parcel Number6346012022
Total Units6.0
Living Area5408
Source Living AreaVendor Enhanced
AreaMontebello (674)
Vacancy Rate0
LISTING UPDATED: 10/04/2024 04:17 PM
Property Details for 233 North 7th Street
Status | Active |
---|---|
MLS # | 24-433013 |
Days on Market | 86 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1960 |
Lot Size | 0.18 AC / 7,819 SF |
County | Los Angeles County |
Building Information for 233 North 7th Street
Stories2Residences-Year Built1960Building Size-Lot Size0.18 AC / 7,819 SF
Property Information for 233 North 7th Street
Property History for 233 North 7th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 233 North 7th Street
Taxable ValueLand$398,397Additions$724,365Total$1,122,762
Tax Record2024$16,855 ($1,405 / month)
Home Facts
Total Finished SqFt5,408 SqFtAbove Grade Finished SqFt5,408 SqFtLot Size7,821 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningMNR3YYCountyLOS ANGELESAPN6346-012-022
Schools near 233 North 7th Street
This home is within Montebello Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Fremont Elementary School PublicK to 5 | ||
La Merced Intermediate School Public6 to 8 | ||
Montebello High School Public9 to 12 | ||
Applied Technology Center Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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