$10,000
closing credit¹
233 N 7th St Montebello, CA 90640
Property details
About 233 N 7th St
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.
Highlights
Summary
- MLS Number: 24433013
- MLS Name: CRMLS
- Office Name: Remax Commercial and Investment Realty
- Office Phone: (213) 817-1000
- Listing Agent: Shant Sherbetdjian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 8:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,388,000
233 N 7th St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 06, 2013 | Home Sold | $930,000 |
| Dec 01, 2004 | Home Sold | $800,000 |
| Aug 31, 1989 | Home Sold | $485,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,122,762 | $16,855 |
| 2023 | $1,100,748 | $16,836 |
| 2022 | $1,079,166 | $16,294 |
| 2021 | $1,058,007 | $15,756 |
| 2020 | $1,047,159 | $15,185 |
| 2019 | $1,026,628 | $15,385 |
| 2018 | $1,006,499 | $15,005 |
| 2017 | $986,765 | $15,005 |
History based on county public records data.
Nearby schools
4
Fremont Elementary School
Public District KG-5
0.3 mi
•200 W Madison Ave
6
Washington Elementary
Public District KG-5
0.5 mi
•1400 W Madison Ave
5
La Merced Elementary
Public District KG-5
0.8 mi
•724 N Poplar Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $22,935. Most Montebello, CA residents have annual incomes less than $<35k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Boston Market
Little Caesars
White Castle
What do the neighbors drive?
Honda
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary- Soft Adult Contemporary
Frequently asked questions
About 233 N 7th St
This home is located at 233 N 7th St in Montebello, CA and zip code 90640 in the The Southeast neighborhood. This 5,408 square foot home, which was built in 1960, sits on a 0.18 acre lot. Features: 16 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since August 29, 2024 and is currently priced at $2,388,000.
Over 10 listings were sold over their listed price in December 2024 in Montebello, CA. In the same period over 4 listings were sold below the listed price and 2 listings were sold for the listed price. Between November and December 2024, Montebello, CA real estate market has seen decrease in the number of listings by 18.2%. In December 2024 median list price was $810,000 and the average listing age was 28 days.