233 N 7th St Montebello, CA 90640
Estimated payment $14,094/month
About This Home
*$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.
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
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
MLS Number: 24-433013
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© 2025 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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