Seller's Agent in 2025
Shant Sherbetdjian
RE/MAX
(626) 657-8135
13 in this area
58 Total Sales
233 N 7th St Montebello, CA 90640
16
Beds
10
Baths
5,408
Sq Ft
7,819
Sq Ft Lot
About This Home
As of June 2025*$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.
Last Agent to Sell the Property
Remax Commercial and Investment Realty License #01713570 Listed on: 08/28/2024
Last Buyer's Agent
Remax Commercial and Investment Realty License #01713570 Listed on: 08/28/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 7,819 Sq Ft Lot
Interior Spaces
- 5,408 Sq Ft Home
- 2-Story Property
- Leased Washer and Dryer
Kitchen
- Oven or Range
- Disposal
Bedrooms and Bathrooms
- 16 Bedrooms
- 10 Bathrooms
Parking
- 6 Parking Spaces
- 6 Covered Spaces
- Covered Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- Cable TV Available
Community Details
- 6 Units
- Vacancy Allowance $10,561
Listing and Financial Details
- Assessor Parcel Number 6346-012-022
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | Sold | $2,125,000 | -0.9% | $393 / Sq Ft |
| 05/08/2025 05/08/25 | Pending | -- | -- | -- |
| 02/05/2025 02/05/25 | Price Changed | $2,145,000 | -10.2% | $397 / Sq Ft |
| 08/28/2024 08/28/24 | For Sale | $2,388,000 | -- | $442 / Sq Ft |
Source: The MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $16,855 | $1,145,216 | $406,364 | $738,852 |
| 2024 | $16,855 | $1,122,762 | $398,397 | $724,365 |
| 2023 | $16,836 | $1,100,748 | $390,586 | $710,162 |
| 2022 | $16,295 | $1,079,166 | $382,928 | $696,238 |
| 2021 | $15,757 | $1,058,007 | $375,420 | $682,587 |
| 2020 | $15,649 | $1,047,159 | $371,571 | $675,588 |
| 2019 | $15,185 | $1,026,628 | $364,286 | $662,342 |
| 2018 | $15,385 | $1,006,499 | $357,144 | $649,355 |
| 2016 | $14,660 | $967,418 | $343,277 | $624,141 |
| 2015 | $13,869 | $952,887 | $338,121 | $614,766 |
| 2014 | $13,693 | $934,222 | $331,498 | $602,724 |
Source: Public Records
Agents Affiliated with this Home
-
Shant Sherbetdjian
Map
Source: The MLS
MLS Number: 24-433013
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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