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233 N 7th St, Montebello, CA 90640

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For Sale

$2,145,000

16 beds • 5,408 sqft

Estimated Payment

$ 11,039 /mo. †

6.67% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $396.63
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

*$243,000 PRICE IMPROVEMENT* Presenting, 6 Deluxe units in a highly desirable North Montebello location, consisting of spacious 2 and 3 bedroom units, ALL OCCUPIED UNITS. Bring your Exchange Buyers, this is a great exchange upleg-purchase! Situated just North of Whittier Blvd, this investment opportunity yields excellent cash flow with a 6.84% Cap Rate and 10.16 GRM on current rents. The building has a desirable unit mix of (FOUR) 3 bed + 1.75 bath and (TWO) 2 bed + 1 bath units. With many recent capital improvements, some units have been renovated with new paint, windows, floors, shower, vanity and more (check out the interior photos!). Tenants enjoy the convenience of on-site laundry and covered parking. The upper level units have vaulted ceilings. This property is within a short distance to many shops and restaurants on Whittier Blvd. Buyer has the option to Assume the Current CHASE Loan ($916,000) at 3.41% Interest Rate Fixed until 12/2025 or obtain conventional financing. Property is subject to the statewide AB1482 rent ordinance (Currently 8.9%), with no local rent control.
MLS# 24-433013

Courtesy Of RE/MAX Commercial & Investment

(213) 817-1000

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Cooling System
    Wall Unit(s) A/C
  • Lot Size
    0.18 Acres

Map and Directions

Directions to 233 N 7th St, Montebello, CA 90640

Home seller CENTURY 21 Inverness Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Inverness Realty

(626) 289-2712
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $11,039
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $11,039

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Fremont Elementary School

Grades KG-5 Public School

Montebello, CA 90640 0.3 miles
200 w madison ave

311 total students
22:1 Student teacher ratio

School Rating: C

School Details

La Merced Intermediate

Grades 6-8 Public School

Montebello, CA 90640 1 miles
215 e avenida de la merced

990 total students
27:1 Student teacher ratio

School Rating: C+

School Details

Montebello High School

Grades 9-12 Public School

Montebello, CA 90640 1 miles
2100 w cleveland ave

2293 total students
25:1 Student teacher ratio

School Rating: D-

School Details
Other Nearby Schools Distance Type Grades School Rating
St Benedict School 0.3 miles Private KG-8
Montebello Christian School 0.3 miles Private KG-8
Washington Elementary 0.5 miles Public KG-5 B-
Montebello Intermediate 0.7 miles Public 6-8 C+
La Merced Elementary 0.8 miles Public KG-5 B-
Applied Technology Center 0.8 miles Public 9-12 C+
Armenian Mesrobian School 0.9 miles Private PK-12
Montebello Gardens Elementary 1 miles Public KG-5 B-
Greenwood Elementary 1.3 miles Public KG-5 C
Wilcox Elementary 1.3 miles Public KG-5 C-
North Ranchito Elementary School 1.3 miles Public PK-5 C
Schurr High School 1.4 miles Public 9-12 D
Cantwell Sacred Heart Of Mary 1.4 miles Private 9-12
Our Lady Of The Miraculous Medal 1.7 miles Private PK-8
Cumorah Kids 1.7 miles Private PK-KG
Montebello Park Elementary 1.7 miles Public KG-5 C-
Rio Vista Elementary School 1.7 miles Public KG-5 B-

St Benedict School

Distance: 0.3 miles

Type Private

Grades: KG-8

Montebello Christian School

Distance: 0.3 miles

Type Private

Grades: KG-8

Washington Elementary

Distance: 0.5 miles

Type Public

Grades: KG-5

B-

Montebello Intermediate

Distance: 0.7 miles

Type Public

Grades: 6-8

C+

La Merced Elementary

Distance: 0.8 miles

Type Public

Grades: KG-5

B-

Applied Technology Center

Distance: 0.8 miles

Type Public

Grades: 9-12

C+

Armenian Mesrobian School

Distance: 0.9 miles

Type Private

Grades: PK-12

Montebello Gardens Elementary

Distance: 1 miles

Type Public

Grades: KG-5

B-

Greenwood Elementary

Distance: 1.3 miles

Type Public

Grades: KG-5

C

Wilcox Elementary

Distance: 1.3 miles

Type Public

Grades: KG-5

C-

North Ranchito Elementary School

Distance: 1.3 miles

Type Public

Grades: PK-5

C

Schurr High School

Distance: 1.4 miles

Type Public

Grades: 9-12

D

Cantwell Sacred Heart Of Mary

Distance: 1.4 miles

Type Private

Grades: 9-12

Our Lady Of The Miraculous Medal

Distance: 1.7 miles

Type Private

Grades: PK-8

Cumorah Kids

Distance: 1.7 miles

Type Private

Grades: PK-KG

Montebello Park Elementary

Distance: 1.7 miles

Type Public

Grades: KG-5

C-

Rio Vista Elementary School

Distance: 1.7 miles

Type Public

Grades: KG-5

B-

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Montebello, CA 90640

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Montebello, CA 90640

This community’s employment is highest in the sales and administrative support industries. The area’s overall household expenses are below the national average.

87° August
Hottest Average Month
45° January
Coldest Average Month
18,360 Total Households in Area
-3.2% Increase in population since the year 2010
34.9%
of households
have children
32 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Montebello, CA 90640

Montebello, CA 90640 has a population of 59,968 people in 18,360 households with a median age of 38.6 years old.

-3.2%
Decrease in population
since the year 2010
Population is Trending down
19,454
Total households as of 2010
0.4%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 38.6 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

Hispanic 78%
Other 42%
White 20%
Asian 13%
Native American 2%
Black <1%
The most prevalent ethnicity is Hispanic at 78%, followed by Other at 42%, White at 20%, and Asian at 13%.

Economics
for Montebello, CA 90640

6,883 /sq mi
Population Density
$69,792 /yr
Median Household Income
$875,000
Median Sales Price
32 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 18.15% of the households.

Transportation to Work

  • Drive 85%
  • Work from Home 7%
  • Public Transit 5%
  • Walk or Bike 3%

Occupancy by Type

Rented 10,301 54%
Owned 8,058 43%
Vacant 542 3%

White vs Blue Collar Jobs







White Collar 66%
Blue Collar 34%

Family & Education Facts
for Montebello, CA 90640

38.6 Median Age

Average Household Size

3.3
persons per
household

44.2%

Married Households

Community Population By Education

High School Graduate 26%
Some High School 25%
Some College 20%
Bachelors Degree 15%
Associates Degree 7%
Graduate Degree 6%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 26.24% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
34.9% of households have children

Weather
for Montebello, CA 90640

The weather for this area ranges from a high of 87° F in August to a low of 45° F in January

87° August
Hottest Average Month
45° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
45°
67°
Feb
47°
68°
Mar
48°
69°
Apr
51°
74°
May
55°
77°
Jun
58°
81°
Jul
62°
86°
Aug
62°
87°
Sep
60°
86°
Oct
56°
81°
Nov
50°
73°
Dec
46°
68°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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