233 N 7th St, Montebello, California, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$2,388,000

233 N 7th St
Montebello, California, United States

16bd 10ba

Listed By: Realtyww Info

Listed On: 08/30/2024

Listing ID: GL11367911 View More Details

Description

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. Situated just North of Whittier Blvd, this investment opportunity yields excellent cash flow with a 6.23% Cap Rate and 10.99 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.

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Listed by: Shant Sherbetdjian