Listing provided courtesy of Shant Sherbetdjian of Remax Commercial and Investment Realty. Last updated 2025-04-29 08:12:02.000000. Listing information © 2024 CLAW.

Asking Price: $2,145,000

233 7th, Montebello CA 90640

Community: ​674 - Montebello


This property was built in 1960 and is priced at $2,145,000. Please see the additional details below.
  • 0 Sq Ft
  • 0 bathrooms
  • 0 bedrooms
  • MLS#: 24433013
  • Type:
  • Year Built: 1960
*$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.

Call or Email David Bailey now to inquire about this property

310-850-2107