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252 S 7th St
Montebello, CA 90640
6 Units in Montebello / $158,333 Per Unit · Multifamily Property For Sale
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6 Units
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 | 1915 |
| 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 | 1915 |
| 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
ABOUT 252 S 7TH ST , MONTEBELLO, CA 90640
We are pleased to present another great opportunity, a 6 Unit Income Property in Desirable Central Montebello Location. First Time Property is being Offered For Sale in Over 47 Years! Easy To Rent Units Consisting of (5) 1 Bedroom Units and (1) Studio. Lowest Price Per Unit in the City; Priced at $158,333 Per Unit with Substantial Rental Upside of +/- 46%. A Professionally Managed Property with a History of a Low-Vacancy Rental Rate. These Units are Separately Metered for Gas & Electricity; a Low-Maintenance Property for any Investor. With Quick Access to the major freeways like the 5, 605, 60 & 710 Freeways; commuting to/from work for your tenants is at ease. This is a Good Rental area of Montebello with Plenty of Places to Shop and Eat, and Conveniently located within Walking Distance to many Shops & Restaurant on Whittier Blvd. A Short walk to nearby Rodriguez Park and the Montebello City Park. This Investment Property is located in Central Montebello. Sitting on the corner of South 7th Street and West Olympic Boulevard. Nearest Major Cross Streets of South Montebello Boulevard and Olympic Boulevard. All showings are subject to accepted offer ... Drive by only, please do not walk on property, tenants are not aware of sale. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please call/email the office. Please note, California recently passed state-wide rent control in Assembly Bill 1482. Please be sure to review these new laws to ensure that you are compliant with their restrictions.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | $890.00 | - |
| Studios | 1 | $755.00 | - |
PROPERTY TAXES
| Parcel Number | 6349-009-026 | Improvements Assessment | $714,000 |
| Land Assessment | $775,200 | Total Assessment | $1,489,200 |
PROPERTY TAXES
