Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Size(acres)

    1.089

  • Property Type

    Residential Income

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $7,100,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    16

  • Water Source

    Public

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Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Kristopher German , RE/MAX 2000 REALTY

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We are pleased to exclusively offer for sale this multi-family investment opportunity in the vibrant city of El Monte. This newly listed property features a collection of 29 units, showcasing true pride of ownership. The subject property predominantly consists of two-story townhouse-style units (28 Units), complemented by a quaint 2-Bedroom/1-Bathroom cottage, all extremely spacious in size. Occupying an oversized lot of 47,437 square feet, the property offers an expansive 24,734 square feet of rental space, designed to cater to the modern tenant's needs.



The entire property benefits from copper plumbing, ensuring durability and reducing maintenance concerns. Ample car-port parking and generous open spaces address the practical needs of residents, while the onsite laundry facility and private backyards in each unit add a touch of convenience and privacy to their living experience. Tenants are responsible for their own electricity and gas, allowing for easier management of utilities.



Currently offered at 13 GRM and a 4.72% CAP Rate, a standout feature of this investment is the significant potential for a 40% increase in rental income, with all units currently poised for a rental adjustment (April 2024.) This opportunity is further enhanced by attractive private seller financing terms; 35% Down Payment, 6.5% Interest-Only Payments, Due in 10 years. This investment offers not only a stable income stream but also a considerable upside in rental income, making it an ideal choice for discerning investors seeking growth and sustainability in their portfolio.

2629 Gage Avenue

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