LOCALLA
$2,145,000
233 7th St Montebello CA 90640
Residential Income
Built 1960
N/A
$397/sqft
No HOA
N/A
What's Special
*$243,000 PRICE IMPROVEMENT* Presenting, 6 Deluxe units in a highly desirable North Montebello location, consisting of spacious 2 and 3 bedroom units, ALL OCCUPIED UNITS. Bring your Exchange Buyers, this is a great exchange upleg-purchase! Situated just North of Whittier Blvd, this investment opportunity yields excellent cash flow with a 6.84% Cap Rate and 10.16 GRM on current 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 (check out the interior photos!). Tenants enjoy the convenience of on-site laundry and covered parking. The upper level units have vaulted ceilings. This property is within a short distance to many shops and restaurants on Whittier Blvd. Buyer has the option to Assume the Current CHASE Loan ($916,000) at 3.41% Interest Rate Fixed until 12/2025 or obtain conventional financing. Property is subject to the statewide AB1482 rent ordinance (Currently 8.9%), with no local rent control.
Days On Market: 253
Listing updated: June 10, 2025 at 07:17 PM
Listed by: Shant Sherbetdjian DRE #01713570, Remax Commercial and Investment Realty
Features & Facts
Interior
- Bedrooms: 16
- Bathrooms: 10
- Square Feet: 5408
- Year Built: 1960
Recently Sold Nearby
Contact a Buyer's Agent
Connect with Tony O'Brien — REALTOR, The Sher Group & LOCALLA
Consent not required to use LOCALLA. See our Privacy Policy.
The Sher Group and Tony O'Brien are not mortgage brokers or lenders and do not provide financing. If you opt in, we may refer you to a third-party licensed mortgage professional. We do not guarantee loan approval, rates, or terms.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW) as of 10/9/2026, 1:09:04 AM. 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. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Tony O'Brien DRE #02200838 | The Sher Group DRE #02022464
Equal Housing Opportunity
Nearby Homes For Sale
Contact a Buyer's Agent
Connect with Tony O'Brien — REALTOR, The Sher Group & LOCALLA
Consent not required to use LOCALLA. See our Privacy Policy.
The Sher Group and Tony O'Brien are not mortgage brokers or lenders and do not provide financing. If you opt in, we may refer you to a third-party licensed mortgage professional. We do not guarantee loan approval, rates, or terms.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW) as of 10/9/2026, 1:09:04 AM. 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. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Tony O'Brien DRE #02200838 | The Sher Group DRE #02022464
Equal Housing Opportunity