233 N 7th St | Montebello, CA 90640
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233 N 7th St
Montebello, CA 90640
6 UNITS | MONTEBELLO | 6.84% CAP | 10.16 GRM · Multifamily Property For Sale
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6 Units
INVESTMENT HIGHLIGHTS
- 6 Deluxe units in a highly desirable North Montebello location, consisting of spacious 2 and 3 bedroom units
- Situated just North of Whittier Blvd | (Four) 3 bed + 1.75 bath and (Two) 2 bed + 1 bath units | 100% Occupied
- 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
- This investment opportunity yields excellent cash flow with a 6.84% Cap Rate and 10.16 GRM on current rents
- 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 | Bring your Exchange Buyers, Great Upleg-Purchase
PROPERTY FACTS
| No. Units | 6 | Building Size | 5,408 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.11/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | MNR3YY | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,408 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | MNR3YY |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $2,533 | - |
| 3+2 | 4 | $3,075 | - |
PROPERTY TAXES
| Parcel Number | 6346-012-022 | Improvements Assessment | $738,852 |
| Land Assessment | $406,364 | Total Assessment | $1,145,216 |
PROPERTY TAXES
Parcel Number
6346-012-022
Land Assessment
$406,364
Improvements Assessment
$738,852
Total Assessment
$1,145,216
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