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252 S 7TH ST Montebello, CA 90640
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Key Details
Sold Price $905,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 19529196
Sold Date 02/26/20
HOA Y/N No
Year Built 1915
Lot Size 5,662 Sqft
Property Description
We are pleased to present another great opportunity, a 6 Unit Income Property in Desirable Central Montebello Location. First Time Property is being Offered For Sale in Over 47 Years! Easy To Rent Units Consisting of (5) 1 Bedroom Units and (1) Studio. Lowest Price Per Unit in the City; Priced at $158,333 Per Unit with Substantial Rental Upside of +/- 46%. A Professionally Managed Property with a History of a Low-Vacancy Rental Rate. These Units are Separately Metered for Gas & Electricity; a Low-Maintenance Property for any Investor. With Quick Access to the major freeways like the 5, 605, 60 & 710 Freeways; commuting to/from work for your tenants is at ease. This is a Good Rental area of Montebello with Plenty of Places to Shop and Eat, and Conveniently located within Walking Distance to many Shops & Restaurant on Whittier Blvd. A Short walk to nearby Rodriguez Park and the Montebello City Park. California recently passed a state-wide rent control in Assembly Bill 1482.
Location
State CA
County Los Angeles
Area 674 - Montebello
Zoning MNR3*
Interior
Fireplace No
Exterior
Parking Features One Space
Building
Story 2
Others
Senior Community No
Tax ID 6349009026
Special Listing Condition Standard
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Bought with Shant Sherbetdjian • Remax Commercial and Investment Realty