Great investment property. Live in one and rent two out. It offers a detached front house with 3 bedrooms + den which can be 4th bedroom, 1.75 bathrooms, inside laundry. sizing approximately 1,727 sq. ft. Two 1 bedroom, 1 bathroom units in the back. Have onsite laundry. Separate gas, electricity and water heaters for each unit. All units provide garage parking. Four parking spaces in front of the garages. Situated nearby school, parks and shopping center. Easy access to 60 Freeway. Property sold as is. Thank You for showing!
Multi-familyProperty Type
1952Year Built
7,780 sq ftLot Size
$469Est. Price/Sq.Ft.
4 garage spacesParking
Listed by YUE LEI•DRE #01883075• High Ten Partners, Inc.
We are pleased to present a Great Opportunity in Excellent North Montebello, Located between the Major Retail Corridors of Beverly Blvd & Whittier Blvd. This Prime Investment Offers a Detached Home in the front, consisting of a 3 Bedroom + 1.75 Bathroom + Den, sizing approximately 1,727 Sq.Ft. and (2) Easy-To-Rent 1 Bedroom + 1 Bathroom Units. Tenants Enjoy the Ease & Comfort of the On-Site Laundry Room and Landlord Enjoys the Minimal Maintenance Expense as All Units are Separately Metered for Gas & Electricity with Water Heaters for Each Unit. An Attractive Garden Layout, this property provides Garage Parking for All Units. Situated nearby Schools, Parks, Shopping, Entertainment & Freeways are Great Benefits for Tenants Use. Providing Realistic Rental Upside in Rents, a great addition to any Investment Portfolio.
SDMLS #301764561
Nov 5, 2019
Sold
$820,000
$295/sq ft
Sep 5, 2019
Listing Removed
—
Aug 16, 2019
Listed
$840,000
$302/sq ft
TheMLS #19-500588
Nov 5, 2019
Sold
$820,000
$295/sq ft
Sep 5, 2019
Pending
—
Aug 16, 2019
Listed
$840,000
$302/sq ft
+12
We are pleased to present a Great Opportunity in Excellent North Montebello, Located between the Major Retail Corridors of Beverly Blvd & Whittier Blvd. This Prime Investment Offers a Detached Home in the front, consisting of a 3 Bedroom + 1.75 Bathroom + Den, sizing approximately 1,727 Sq. Ft. and (2) Easy-To-Rent 1 Bedroom + 1 Bathroom Units. Tenants Enjoy the Ease & Comfort of the On-Site Laundry Room and Landlord Enjoys the Minimal Maintenance Expense as All Units are Separately Metered for Gas & Electricity with Water Heaters for Each Unit. An Attractive Garden Layout, this property provides Garage Parking for All Units. Situated nearby Schools, Parks, Shopping, Entertainment & Freeways are Great Benefits for Tenants Use. Providing Realistic Rental Upside in Rents, a great addition to any Investment Portfolio.
Public Records
May 18, 2016
Sold
$739,000
$266/sq ft
Public Records
Apr 21, 2000
Sold
$268,000
$96/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$15,308 (+1.4%)
$649,458 + $432,972
$1,082,430
2024
$15,101
$649,458 + $432,972
$1,082,430
2023
$15,089 (+3.4%)
$636,724 + $424,483
$1,061,207
2022
$14,586 (+23.5%)
$624,240 + $416,160
$1,040,400
2021
$11,808 (+0.8%)
$612,000 + $408,000
$1,020,000
2020
$11,716 (+5.6%)
$505,180 + $323,315
$828,495
2019
$11,096 (−1.1%)
$479,516 + $320,399
$799,915
2018
$11,224 (+2.3%)
$470,114 + $314,117
$784,231
2017
$10,972 (+106.3%)
$451,860 + $301,920
$753,780
2016
$5,318 (+5.7%)
$451,860 + $301,920
$753,780
2015
$5,031 (+1.2%)
$167,479 + $180,462
$347,941
2014
$4,972 (+1.2%)
$161,733 + $174,271
$336,004
2012
$4,911 (+2.6%)
$161,003 + $173,484
$334,487
2011
$4,784 (+0.5%)
$157,847 + $170,083
$327,930
2010
$4,760 (+1.7%)
$154,752 + $166,749
$321,501
2009
$4,680 (+3.5%)
$153,596 + $165,503
$319,099
2008
$4,522
$153,961 + $165,897
$319,858
Tax history for 237 N 7th St
Year
Property tax
Land + Additions
Assessment*
2025
$15,308 (+1.4%)
$649,458 + $432,972
$1,082,430
2024
$15,101
$649,458 + $432,972
$1,082,430
2023
$15,089 (+3.4%)
$636,724 + $424,483
$1,061,207
2022
$14,586 (+23.5%)
$624,240 + $416,160
$1,040,400
2021
$11,808 (+0.8%)
$612,000 + $408,000
$1,020,000
2020
$11,716 (+5.6%)
$505,180 + $323,315
$828,495
2019
$11,096 (−1.1%)
$479,516 + $320,399
$799,915
2018
$11,224 (+2.3%)
$470,114 + $314,117
$784,231
2017
$10,972 (+106.3%)
$451,860 + $301,920
$753,780
2016
$5,318 (+5.7%)
$451,860 + $301,920
$753,780
2015
$5,031 (+1.2%)
$167,479 + $180,462
$347,941
2014
$4,972 (+1.2%)
$161,733 + $174,271
$336,004
2012
$4,911 (+2.6%)
$161,003 + $173,484
$334,487
2011
$4,784 (+0.5%)
$157,847 + $170,083
$327,930
2010
$4,760 (+1.7%)
$154,752 + $166,749
$321,501
2009
$4,680 (+3.5%)
$153,596 + $165,503
$319,099
2008
$4,522
$153,961 + $165,897
$319,858
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
9
Baths
6
Stories
1
Lot width
—
Lot depth
—
Lot size
7,780
Year renovated
2021
Sq. Ft.
2,783
Year built
1952
Style
Multi-Family (2-4 Unit)
County
Los Angeles County
APN
6346012023
Parking Spaces
8
Basement
No
Accessible
Yes
HOA Dues
—
Garage
Yes
Features
—
Last updated by owner on Jun 22, 2024.
R-3
Multiple-Family Residential Zone
The purpose of the R-3 multiple family residential zone is to provide a suitable living environment for those wishing to live in multiple dwelling units. The intent is to promote desirable residential characteristics for medium density living and to stabilize and protect existing medium density areas by the establishment of those requirements and facilities conductive to the proper development.
Permitted uses
Include but are not limited to:
Housing-Multiple units
Property details
Parking
Parking / Garage Information
Uncovered Spaces: 4
# of Garage Spaces: 4
Driveway - Concrete, Garage
Has Parking
# of Parking Spaces: 8
Interior
Laundry Information
Has Laundry
Inside
Kitchen Information
Appliances: Dishwasher, Gas Oven, Water Heater Unit
Has Appliances
Cooling Information
Wall Window
Has Cooling
Room Information
All Bedrooms Down, All Bedrooms Up, Laundry, Living Room
Fireplace Information
Living Room
Has Fireplace
Flooring Information
Laminated, Tile, Wood
Heating Information
Central Furnace
Has Heating
Interior Features
Ceiling Fan
Levels: One
Security Features: Carbon Monoxide Detector(s)
Window Features: Screens
Unit Type 1 Information
Unit Key Numeric: 10757568
Listing Key Numeric: 365520405
Total # of Baths: 1
Attached Garage: Yes
Total # of Beds: 3
# of Garage Spaces: 2
Furnished: Unfurnished
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 10757569
Listing Key Numeric: 365520405
Actual Rent: $1,200
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 1
Attached Garage: Yes
# of Garage Spaces: 1
Total Rent: $1,200
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 365520405
Unit Key Numeric: 10757570
Actual Rent: $875
Total # of Baths: 1
Attached Garage: Yes
Total # of Beds: 1
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $875
Total # of Units: 1
Expenses
Trash: $720
Total: $15,520
Insurance: $1,400
Water Sewer: $1,800
New Taxes: $11,600
Multi-Unit Information
# of Units With Disposal: 1
Net Operating Income: $38,388
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 2,783
Gross Scheduled Income: $56,400
Gross Income: $56,400
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 3
# Of Separate Electric Meters: 3
# Of Buildings: 2
Exterior
Exterior Information
Roof: Composition, Shingle
Fencing: Blockwall
Has Fence
Construction Materials: Stucco
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: 0-1 Unit/Acre, Yard
Property Information
Common Interest: Community Apartment
Total # of Units: 3
Accessibility Features: See Remarks
Common Walls: No Common Walls
Parcel Number: 6346012023
Year Built Source: Assessor
Financial
Lease / Rental Details
Operating Expense: $16,300
Rent Control
Tenant Pays: Electricity, Gas
Total Actual Rent: $56,400
Utilities
Utilities Information
Sewer: Public Sewer
Electricity Connected
Water Source: District/Public
Location
Neighborhood Information
Community Features: Sidewalks, Street Lighting
Location Information
Latitude: 34.01305100
Longitude: -118.10639300
Directions: N Montebello Blvd and E Madison Ave
Road Frontage Type: Access via City Streets
Road Surface Type: Paved
Public facts
Beds: 9
Baths: 6.0
Sq. Ft.: 2,783
Stories: —
Parking Spaces: 8
Basement: No
Accessible: Yes
Lot Size: 7,780 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1952
Year Renovated: 2021
County: Los Angeles County
APN: 6346012023
HOA Dues: —
Garage: Yes
Features: —
Home facts updated by owner on Jun 22, 2024
Other
Listing Information
Days Active in MLS: 11
Continuous Days Active in MLS: 11
Listing Agent Information
List Agent First Name: YUE
List Agent Last Name: LEI
Listing Office Information
List Office Name: COLDWELL BANKER GEORGE REALTY
Selling Agent Information
Buyer Agent First Name: Cora
Buyer Agent Last Name: Chu
Selling Office Information
Buyer Office Name: IRN Realty
Around this home
Schools
Fremont Elementary School
Public K-5 • Assigned • 0.3mi
3/10
La Merced Intermediate School
Public 6-8 • Assigned • 1.0mi
4/10
Montebello High School
Public 9-12 • Assigned • 1.0mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 95° expected this year, 21 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
9 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Montebello, CA • 90640
Average low and high temperatures (°F)
71
50
73
52
75
55
73
55
76
59
80
62
84
65
88
66
85
66
80
59
72
53
70
52
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.7 hours in
June and 6.8 hours in December, placing it above the
U.S. average for solar exposure.
9.7 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.24M – $1.50M
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