#PW25117175, Tim Truong, Listing office: Professional R.E. Center, Inc.
#AR25152445·
Listing office: Homegrown Wealth Real Estate·
Listing agent: Annie Chen·
Listing office phone: 562-556-3511
$1,650,000 List price
252 S 7th St Montebello, CA 90640
0.1 acres
Condo
Property details
About 252 S 7th St
Turnkey 6-Unit Multifamily Investment | Central Montebello We’re pleased to present this exceptional 6-unit turnkey investment opportunity in the heart of Montebello. All units are renovated 1-bedroom, 1-bathroom apartments that are easy to lease and professionally owned, managed, and operated. The property was fully updated in 2020 and offers reliable, low-maintenance income. Current rents deliver a strong 5.04% cap rate, and when paired with the assumable low-interest loan, the cash-on-cash return is 4.63%—a compelling return in today’s market. Each unit is individually metered for gas and electricity. Trash and water expenses are offset by a RUBS (Ratio Utility Billing System), reducing landlord costs and maximizing net income. Located just minutes from Whittier Blvd’s shopping and dining options, and with convenient access to the 5, 60, 605, and 710 freeways, this property is ideally situated for both tenants and investors. Subject to AB 1482 rent control. which means (1) An annual rent cap: limited to 5?% + local CPI (Consumer Price Index) or 10?%—whichever is lower. (2) Just-cause eviction protections, after 12 months of tenancy. Financing: Assumable Loan Opportunity Take advantage of an existing loan at a fixed 3.28% interest rate through April 30, 2027, with a required down payment of $558,000 and a current loan balance of approximately $1,093,000. Call listing agent for more detail.
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.1264 Acres
Year built1915
MLS #AR25152445
Garage1 space
Summary
- Fireplace: None
- Garage Space: 1 space
- Private Pool: No
- Heating: Central
- Cooling: Central Air
- List Price: $1,650,000
- Annual Tax Amount: $21,477
- Tax Year: 2024
- Directions: Take 605 Exit Whittier to Seven Ave
- Year Built: 1915
- Stories: 2
- Lot Size: 0.1264 Acres
- MLS Number: AR25152445
- MLS Name: CRMLS
- Office Name: Homegrown Wealth Real Estate
- Office Phone: (562) 556-3511
- Listing Agent: Annie Chen
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: 7/11/2025, 11:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 01, 2023 | Home Sold | $372,500 |
| Feb 26, 2020 | Home Sold | $905,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,460,480 | $21,477 |
| 2023 | $951,794 | $14,487 |
| 2022 | $933,142 | $14,019 |
| 2021 | $914,855 | $13,570 |
| 2020 | $42,543 | $1,903 |
| 2019 | $41,710 | $1,798 |
| 2018 | $40,893 | $1,721 |
| 2017 | $40,092 | $1,721 |
History based on county public records data.
Nearby schools
4
Fremont Elementary School
Public District KG-5
0.6 mi
•200 W Madison Ave
6
Washington Elementary
Public District KG-5
0.7 mi
•1400 W Madison Ave
4
Greenwood Elementary
Public District KG-5
0.9 mi
•900 S Greenwood 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 $41,333. Most Montebello, CA residents have annual incomes less than $<35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
44%
<35k
36%
35k-100k
14%
100k-200k
6%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
31%
Single, No Kids
24%
Single, with Kids
16%
Married, No Kids
29%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
12%
12-17 yrs old
27%
18-34 yrs old
36%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Ross Dress For Less
H&M
Where do the neighbors go to eat?
Little Caesars
Jack In The Box
Boston Market
What do the neighbors drive?
Dodge
Nissan
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits- Soft Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
#WS25119565, LAN XIAO, Listing office: RE/MAX ELITE REALTY
Frequently asked questions
About 252 S 7th St
The listing price of 252 S 7th St property is $1,650,000.
The property 252 S 7th St is a condo located in Montebello, California, 90640.
Active Listing: 252 S 7th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 252 S 7th St are: Fremont Elementary School (GreatSchools Rating 4/10), Washington Elementary (GreatSchools Rating 6/10), Greenwood Elementary (GreatSchools Rating 4/10), Montebello Intermediate (GreatSchools Rating 5/10), La Merced Intermediate (GreatSchools Rating 5/10), North Park Academy of the Arts (GreatSchools Rating 5/10), Applied Technology Center (GreatSchools Rating 5/10), Montebello High School (GreatSchools Rating 2/10), Vail High (Continuation) (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $21,477 (source: MLS/based on county public records data).
The last sale was on September 1, 2023 for $372,500 (source: MLS/tax record).
The property at 252 S 7th St has 0 bathroom.
The year of construction for 252 S 7th St is 1915.
This home is located at 252 S 7th St in Montebello, CA and zip code 90640 in the The Southeast neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 8, 2025 and is currently priced at $1,650,000.
In June 2025 more than 9 listings in Montebello, CA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 3 were sold below. In June 2025 in Montebello, CA there were 3% more homes for sale than in May. Listings spent 8 days on the market in June 2025, and had a median list price of $827,500 during the same period.
From Rocket Homes Real Estate and based on county public records data.