See Home Value
$1,377,263*
Multifamily - Off Market

252 South 7TH Street

Montebello, CA 90640
bedrooms
5 Beds
bathrooms
6 Baths
square feet
2305 Sqft
$855,000 - $1,045,000
Reference Base Price*
44.98%
Since Feb 1, 2020
CA-Los Angeles
Primary Model

About This Property

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.

The manager has listed the unit size as 2305 square feet.
Unit Size
2,305Ft²
Days on Market
-
Land Size
5,502.00 acres
Price per sqft
$412
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1915

Price History

Date / Event Date Event Price
Jan 18, 2020 No longer available -
No longer available
Jan 8, 2020 Price Decreased $950,000
↓ $100K (9.5%)
Price Decreased
Nov 12, 2019 Listed $1,050,000
Listed

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
5 Beds
3 Baths
1,926 ft²
$428/ft²
$825,000 Mar 24, 2023
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230410
04/10/2023
6 Bed
-
-
$1,460,000
bedrooms
6 Bed
bathrooms
-
-
-
-
Shant Sherbetdjian
Remax Commercial and Investment Realty
20191112
11/12/2019
5 Bed
6 Bath
2305 ft²
$1,050,000
bedrooms
5 Bed
bathrooms
6 Bath
square feet
2305 ft²
-
-
-
-

Building Info

252 South 7th Street 252 South 7th Street, Montebello, CA 90640
More about this Building
252 South 7th Street
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About Montebello


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