252 S 7th St | Montebello, CA 90640
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252 S 7th St
Montebello, CA 90640
ASSUMABLE LOAN: 25% DP @ 3.28% to 4/30/2027 · Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Optional Assumable Loan with 25% Down @ 3.28% Fixed Interest Rate to April 30, 2027 | Please see lender's specific qualification details
- Easy To Rent Renovated 1 Bed + 1 Bath Units | Professionally owned, managed & operated
- Desirable Central Montebello Location | Prime Turn-Key Investment Purchase
- 5.28% Cap Rate on Current Rents | Property is Subject to AB1482 (Currently 10% Annually)
- Many Recent Renovations & Capital Improvements | 1031 Exchange Upleg Potential
- Owner Incorporated RUBS (Ratio Utility Billing System) | All Units are Sep. Metered for Gas & Elec.
PROPERTY FACTS
| No. Units | 6 | Building Size | 2,305 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1915/2020 |
| Building Class | B | Parking Ratio | 2.17/1,000 SF |
| Lot Size | 0.13 AC | ||
| Zoning | MNR3* - Zoned R-3 for multi-family use. Allows duplexes, triplexes, and apartments. Buyer to verify zoning and development potential. | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 2,305 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1915/2020 |
| Parking Ratio | 2.17/1,000 SF |
| Zoning | MNR3* - Zoned R-3 for multi-family use. Allows duplexes, triplexes, and apartments. Buyer to verify zoning and development potential. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
SITE AMENITIES
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,561 | - |
PROPERTY TAXES
| Parcel Number | 6349-009-026 | Improvements Assessment | $714,000 |
| Land Assessment | $775,200 | Total Assessment | $1,489,200 |
PROPERTY TAXES
Parcel Number
6349-009-026
Land Assessment
$775,200
Improvements Assessment
$714,000
Total Assessment
$1,489,200
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