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$ 3,400,000
Est. payment | /mo
11,356 SqFt
$ 3,400,000
Est. payment | /mo
11,356 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 11,356 sqft
Price per Sqft $299
MLS Listing ID CL25609611
HOA Y/N No
Year Built 1964
Lot Size 0.407 Acres
Acres 0.41
Property Sub-Type Other
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
Zoning EMR3
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 8549016011
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Listed by Nicholas Hayner • Maywood Property Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "