Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1937
Sq.Footage
N/A
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.
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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