2 months on rocket

233 N 7th St, Montebello, CA, 90640

$2,388,000

Home List Price

$10,000*

Closing Credit

16 Bedrooms
10 Baths
5,408 SqFt
$442/SqFt
House

Location

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233 N 7th St, Montebello$2,388,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingCovered
Year Built1960
MLS #24433013
Lot Size0.18 Acres
StatusActive

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.

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Stories: 2
  • Living Area: 5,408 SqFt

Listing Office:

  • Office Name: Remax Commercial and Investment Realty
  • Office Phone: (213) 817-1000
  • Listing Agent: Shant Sherbetdjian

Interior Features

Interior Information:

  • Appliances: Disposal

Bedroom and Bathroom Information:

  • Total Bedroom Count: 16

Exterior Features

Parking Information:

  • Parking: Covered

Lot Features

Lot Information:

  • Lot Size: 0.18 Acres

Other

Directions Information:

  • Directions: Located on North 7th Street, between W Madison Ave and W Cleveland Ave. The major corridors of W Beverly Blvd and W Whittier Blvd crossing N Montebello Blvd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,388,000
  • Price Per SqFt: $442/SqFt

Tax Information:

  • Annual Amount: $15,757
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Montebello, CA.

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Montebello, CA

City

Med. Sold Price

$805K

Med. Price/SqFt

$499

Avg. Days On Market

23

# of Sold Homes

18

233 N 7th St vs Montebello

85 DAYS ON ROCKET

+62 Days

$2,388,000

+$1.5M More

$442/SqFt

-$57 Less

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $57/SqFt less than other homes in Montebello, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24433013

Listing Office:

  • Office Name: Remax Commercial and Investment Realty
  • Office Phone: (213) 817-1000
  • Listing Agent: Shant Sherbetdjian

IDX 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: 11/22/2024, 1:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 06, 2013Home Sold
$930,000
Dec 01, 2004Home Sold
$800,000
Aug 31, 1989Home Sold
$485,000

Tax History

YEARPROP. TAXASSESSMENT
2021$15,757$1,058,007
2020$15,185$1,047,159
2019$15,385$1,026,628
2018$15,005$1,006,499
2017$15,005$986,765

History based on county public records data.

Payment Calculator

$11.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,226

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-486583
4
/10

  • Fremont Elementary School

  • 200 W Madison Ave

  • 0.30 miles

  • Public District Grades KG-5

school-card-donut-486584
6
/10

  • Washington Elementary

  • 1400 W Madison Ave

  • 0.47 miles

  • Public District Grades KG-5

school-card-donut-486585
5
/10

  • La Merced Elementary

  • 724 N Poplar Ave

  • 0.85 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,935. Typical income of Montebello, CA residents is less than $35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 233 N 7th St

What is the listing price of this property?

The listing price of 233 N 7th St property is $2,388,000.

What type of property is this?

The property 233 N 7th St is a house located in Montebello, California, 90640.

Is this property for sale now?

Active Listing: 233 N 7th St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $15,757 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 6, 2013 for $930,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 233 N 7th St has 16 bedrooms and 10 bathrooms.

What is the square footage of this property?

The property 233 N 7th St is 5,408 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 233 N 7th St is 1960.

Rocket Homes›California›Los Angeles County›Montebello›90640›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.

Montebello, CA housing market in October 2024 saw over 12 listings sold above listed price, more than 3 sold at listed price and over 3 sold below. The inventory of homes for sale in Montebello, CA between September 2024 and October 2024 increased by 2.7%. While the average time on the market in October 2024 was 23 days, the median list price was $805,000.

From Rocket Homes Real Estate and based on county public records data.

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