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252 South 7th Street

Montebello CA 90640

4
4
5504 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

What if your next investment property already came with six renovated units producing stable rental income in one of Montebellos strongest rental markets? We are pleased to present a turn-key 6-unit investment opportunity in the heart of Montebello, offering investors a rare chance to acquire a well-maintained, income-producing property with strong rental demand. The property features six renovated 1-bedroom, 1-bathroom units that are easy to rent and professionally owned and operated, making this an ideal asset for investors seeking stable cash flow and long-term appreciation. Ownership has completed numerous recent renovations and capital improvements, allowing a new owner to step into a low-maintenance, professionally managed asset from day one. Each unit is separately metered for gas and electricity, and the owner has implemented a RUBS (Ratio Utility Billing System) for water and trash, helping reduce operating expenses and improve overall property efficiency. Tenants benefit from the propertys prime central location near Whittier Boulevard, placing them within close proximity to a wide range of shopping, dining, and everyday conveniences. The property also offers excellent regional connectivity with easy access to the 5, 60, 605, and 710 freeways, making commuting throughout Los Angeles County convenient. With renovated units, strong in-place rental income, and a desirable location in the San Gabriel Valley, this property presents an excellent opportunity for investors seeking a stable long-term hold or a strategic 1031 exchange acquisition. Property is subject to AB 1482 rent control regulations.

Features

4 bedrooms
4 bathrooms
5504 sq. ft. lot size
Multi-Family

Property history for 252 South 7th Street

2023
Sold
$1,460,000
01 Sep 2023 by Shant Sherbetdjian, of Remax Commercial and Investment Realty
2020
Sold
$905,000
26 Feb 2020 by Shant Sherbetdjian, of Remax Commercial and Investment Realty

Happy sellers in Montebello

<50%
Less than 50% of sellers in Montebello reported that their sale price either exceeded or met their price expectations.

Montebello stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Montebello over the last 12 months.

Local market activity for 4 bedroom multi families in Montebello

In the last 12 months, 3 four-bedroom multi families similar to 252 South 7th Street, have been sold.

This represents a 200% decrease in four-bedroom multi families sales when compared to the previous 12 months.

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(619) 566-0008
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