Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    233 7th Street, Montebello, CA 90640
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    233 7th Street
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    • MLS#: 24433013 ( )
    • Street Address: 233 7th Street
    • Viewed: 3
    • Price: $2,388,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1960
    • Bldg sqft: 0
    • Days On Market: 134
    • Additional Information
    • County: LOS ANGELES
    • City: Montebello
    • Zipcode: 90640
    • Provided by: Remax Commercial and Investment Realty
    • Contact: Shant Shant
    • California Regional MLS IDX
    • DMCA Notice
    • 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, ALL OCCUPIED UNITS. Situated just North of Whittier Blvd, this investment opportunity yields excellent cash flow with a 6.11% Cap Rate and 11.15 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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    Features
    Appliances
    1. Disposal
    Building Area Total
    1. 5408.00
    Country
    1. US
    Laundry Features
    1. See Remarks
    Levels
    1. Two
    Lockboxtype
    1. None
    Netoperatingincome
    1. 145937.00
    Parcel Number
    1. 6346012022
    Parking Features
    1. Covered
    Postalcodeplus4
    1. 4846
    Sourcesystemkey
    1. 24-433013:CLAW
    Totalexpenses
    1. 57450.00
    Year Built
    1. 1960
    Zoning
    1. MNR3YY
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836