233 7th St Montebello, CA 90640-4846
Property profile & analytics
233 7th St Montebello, CA 90640-4846
- Apartment buildings
- 5,408 SF
- 0.18 lot acres
Property ID
US09-6366225
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 233 7th St
- Year built
- 1960
- Construction
- WOOD
- Lot size
- 0.18 lot acres
- Property size
- 5,408 SF
- Zone code
- MNR3YY
- Property type
- Apartment buildings
- APN
- 6346-012-022
- APU
- 6346012022
Description
This exceptional six-unit apartment building presents a compelling investment opportunity in the desirable North Montebello area of Los Angeles County, California. Located at 233 N 7th St, Montebello, CA 90640, this property boasts a desirable unit mix, including four spacious three-bedroom, one-and-three-quarter-bathroom units and two two-bedroom, one-bathroom units. All units are currently occupied, generating a strong cash flow with a 6.11% cap rate and an 11.15 GRM on scheduled rents. The 5,408 square foot building sits on a 7,819 square foot lot and includes six parking spaces and on-site laundry facilities. Recent capital improvements have enhanced several units, featuring new paint, windows, flooring, showers, and vanities. Upper-level units feature vaulted ceilings. The property is conveniently located near Whittier Boulevard, offering easy access to numerous shops and restaurants. An assumable Chase loan of $925,000 is available at a fixed 3.41% interest rate until December 2025. The property is subject to the statewide AB1482 rent ordinance, but there is no local rent control. The asking price is $2,338,000, with a price per square foot of $432.32 and a net operating income (NOI) of $145,937. The building was constructed in 1960 and is zoned MNR3YY. This property offers a blend of strong financial performance and attractive features, making it an ideal addition to any investment portfolio.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,450,000
- 6.5%
- $1,340,000
- 7%
- $1,245,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,574,000
Market price range: $740k - $1.76M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,300,000 Current use
- AUTO REPAIR, GARAGE
- $2,500,000 Change: +93% Conversion: Difficult
- MEDICAL BUILDING
- $2,460,000 Change: +89% Conversion: Moderate
- WAREHOUSE, STORAGE
- $1,590,000 Change: +22% Conversion: Difficult
- RETAIL STORES
- $1,555,000 Change: +20% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,470,000 Change: +13% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Montebello
- County
- Los Angeles
- State
- California
- Longitude
- -118.106
- Latitude
- 34.0129
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$16,855
$398,397
$724,365
$1,122,762
-
$0.00
$0.00
$0.00
