21
See all 21 photos
$1,650,000
Est. payment /mo
1 Bed
1 Bath
New
252 S 7th Street Montebello, CA 90640
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25152445
Bedrooms 1
Property Sub-Type Res Income 2-4 Units
Property Description
Turnkey 6-Unit Multifamily Investment | Central Montebello Were 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 todays 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 Blvds 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.
Location
State CA
County Los Angeles
Zoning Other
Direction Take 605 Exit Whittier to Seven Ave
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 6349009026
Listed by Annie Chen Homegrown Wealth Real Estate
GET MORE INFORMATION
QUICK SEARCH