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$3,400,000
Est. payment /mo
20 Beds
14 Baths
11,356 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 11,356 sqft
Price per Sqft $299
MLS Listing ID 25609611
Bedrooms 20
HOA Y/N No
Year Built 1964
Lot Size 0.407 Acres
Property Description
This 14-unit apartment community in the City of El Monte offers a balanced mix of six 2-bed/1-bath and eight 1-bed/1-bath units with four delivered vacant (three 1+1s and one 2+1) providing immediate value-add upside through renovation and lease- up at market rents.The property has received significant capital upgrades including a new roof (2017) with warranties, upgraded main electrical panel, all-new windows, a new main-to- street plumbing line (2022), security cameras and lighting, and secure gated entry. Only one unit has been fully renovated, offering a model for interior improvement potential.An unfinished on-site laundry facility provides an additional revenue opportunity, expected to generate roughly $200/month plus rental premium once completed. The property includes 18 parking spaces with covered parking.This offering presents an excellent opportunity for investors seeking both stability and upside in a strong San Gabriel Valley rental market.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR3YY
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Fireplace No
Appliance Dishwasher
Exterior
Parking Features Covered
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 8549016011
Special Listing Condition Standard
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Listed by Nicholas Hayner Maywood Property Group
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David Burchell
Team Leader & Realtor | License ID: #02033130
Team Leader & Realtor License ID: #02033130