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Listed by Annie Chen • Homegrown Wealth Real Estate
$1,650,000
Est. payment /mo
5,504 Sqft Lot
New
252 S 7th ST Montebello, CA 90640
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR25152445
Year Built 1915
Lot Size 5,504 Sqft
Source California Regional MLS
Property Description
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 req
Location
State CA
County Los Angeles
Area 674 - Montebello
Interior
Heating Central Forced Air
Cooling Central AC
Laundry None
Exterior
Garage Spaces 6.0
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 6349009026
Special Listing Condition Not Applicable
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