$2,125,000
SOLD JUN 10, 2025

233 N 7th St Montebello, CA 90640

16 Beds
10 Baths
5,408 Sq Ft
7,819 Sq Ft Lot

Recently Sold

$393 Per Sq Ft

11% Below List Price

253 Days on Market

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

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 08/28/2024

Remax Commercial and Investment Realty

Last Buyer's Agent

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 08/28/2024

Remax Commercial and Investment Realty

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5408
  • Lot Acreage: 0.1796
  • Stories: 2
  • Year Built: 1960
  • Number Of Photos: 28
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Laundry Equipment: Lease
  • Total Bathrooms: 10.00
  • Equipment: Garbage Disposal, Range/Oven, Cable
  • Price Per S Q F T: 396.63

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 6
  • Parking Garage: Covered Parking
  • Total Parking: 6

Utilities

  • Cooling: Wall Unit(s)

Lot Info

  • Assessed Improvement Percent: 64.52
  • Assessed Improvement Value: 710162
  • Assessed Land Percent: 35.48
  • Assessed Land Value: 390586
  • Total Assessed Value: 1100748
  • Assessor Parcel Number: 6346-012-022
  • Lot Size Area: 7819

Rental Info

  • Total Actual Rent: 17457.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.16
  • Number Of Units: 6
  • Total Annual Expense: 53974
  • Type Of Units: Apartment
  • Vacancy Allow: 10561
  • Vacancy Allow Percent: 5.00
  • Vacancy Rate: 0

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Shant Sherbetdjian

    Seller's Agent in 2025

    Shant Sherbetdjian

    RE/MAX

    (626) 657-8135

    11 in this area

    53 Total Sales

    Shant Sherbetdjian
    Section Image
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Map

Source: The MLS

MLS Number: 24-433013

The MLS

California Los Angeles County Montebello 90640

233 N 7th St, Montebello, CA

This home is located at 233 N 7th St, Montebello, CA 90640 and is currently priced at $2,125,000, approximately $392 per square foot. This property was built in 1960. 233 N 7th St is a home located in Los Angeles County with nearby schools including Fremont Elementary School, La Merced Intermediate School, and Montebello High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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