6 UNITS | MONTEBELLO | 6.84% CAP | 10.16 GRM 233 N 7th St

*$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. 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. Please DO NOT WALK on property, do not pull into the driveway, only drive by, do not disturb tenants, they are not aware of sale, there will be NO SHOWINGS, access to property is offer subject to inspection. For a marketing package, please send an email (or a text) to the office.