233 N 7th St - Apartments FOR SALE


Montebello, CA 90640
$2,388,000 USD
213-233-4389
233 N 7th St, Montebello, CA for Sale
$2,388,000 USD
Apartments - FOR SALE
1/28
null | 6.07% Cap Rate

233 N 7th St
Montebello, CA 90640


HIGHLIGHTS

  • 6 Deluxe units in a highly desirable North Montebello location, consisting of spacious 2 and 3 bedroom units
  • This investment opportunity yields excellent cash flow with a 6.07% Cap Rate and 11.20 GRM on scheduled rents
  • Situated just North of Whittier Blvd | (Four) 3 bed + 1.75 bath and (Two) 2 bed + 1 bath units | 100% Occupied
  • Tenants enjoy the convenience of on-site laundry and covered parking | The upper level units have vaulted ceilings
  • Buyer has the option to Assume the Current CHASE Loan ($925,000) at 3.41% Interest Rate Fixed until 12/2025
  • This property is a short distance to many shops and restaurants on Whittier Blvd

OVERVIEW

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 6.07% Cap Rate and 11.20 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. Located on North 7th Street, between W Madison Ave and W Cleveland Ave. The major corridors of W Beverly Blvd and W Whittier Blvd crossing N Montebello Blvd. Please DO NOT WALK on property, drive by only, do not disturb tenants, they are not aware of sale, access to property is offer subject to inspection. For a marketing package, please send an email (or a text) to the office.

FOR SALE DETAILS

PRICE

$2,388,000 USD

PRICE/SF

$442 USD /SF

# OF UNITS

6

PRICE/UNIT

$398,000

CAP RATE

6.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 UNITS | MONTEBELLO | 6.11% CAP & 11.15 GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,819 SF

ZONING

MNR3YY

APN/PARCEL ID

6346-012-022

ASK ABOUT THIS PROPERTY

Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
213-233-4389

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Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
213-233-4389

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.