252 S 7th St, Montebello, Los Angeles County, CA, 90640 Silicon Valley CA US

We are pleased to present for sale a 6 unit turn-key investment opportunity located in desirable central Montebello. Easy-to-rent renovated 1 bedroom + 1 bathroom units, which are professionally owned, managed and operated. Property has undergone many recent renovations and capital improvements. This property is a great opportunity for a new purchase or a 1031 Exchange Up-leg . Current loan is assumable with 25% down payment at a 3.28% interest rate fixed until April 30, 2027. Excellent 5.28% cap rate on current rents and when incorporated with the low interest rate loan the cash-on-cash is 5.41%. All units are separate metered for gas & electricity. The owner has incorporated RUBS (Ratio Utility Billing System) for the trash and water for less landlord expenses. Tenants enjoy the ease and comfort to being within walking distance to many shopping and dining on Whittier Blvd as well as having convenient access to the 5, 60, 605 7 710 Freeways. Property is subject to AB1482 (which is currently 10% annually). Find out more about this property. Request details here