NOT LISTED FOR SALE

10920 Ramona Blvd El Monte, CA 91731

Downtown El Monte Neighborhood
3 Beds
3 Baths
10,892 Sq Ft
0.39 Acres

Last Sold July 31, 2015

Last sale price $2,468,000 $227 Per Sq Ft

21 Days on Market

Highlights

  • In Ground Pool
  • 0.39 Acre Lot
  • Laundry Room
  • El Monte High School Rated A-

About This Home

As of July 2015

Re/Max Commercial is pleased to present for sale this seventeen-unit investment opportunity located at 10920 Ramona Blvd, El Monte, CA 91731. The subject property is located in a very desirable North El Monte Location. The property has six one-bedroom+one-bathroom, nine two-bedroom+one bathroom and two retail/office units, beautiful courtyard, laundry facility, controlled access and 14 parking spaces and 4 garages with door. This property provides an opportunity for an investor with potential to raise rents and increase value.
Investment Highlights:
17 Units built in 1963
Prime El Monte location
Fenced pool
Laundry facility
Units individually metered for electricity
Strong Rental Market
Close Proximity to Major Freeways
Upside Potential
No rent control
Close to Popular Retail and shopping

Last Agent to Sell the Property

Katie Chai

ReMax 2000 Realty License #01457862 Listed on: 06/15/2015

ReMax 2000 Realty

Last Buyer's Agent

Katie Chai

ReMax 2000 Realty License #01457862 Listed on: 06/15/2015

ReMax 2000 Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.39 Acre Lot
  • No Common Walls

Parking

  • 4 Car Garage

Home Design

  • 10,892 Sq Ft Home
  • Composition Roof

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Additional Features

  • In Ground Pool
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 14
  • Tax Tract Number 5428
  • Assessor Parcel Number 8579010025

Community Details

Overview

  • 17 Units

Building Details

  • 17 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,569
  • Insurance Expense $3,810
  • Maintenance Expense $4,059
  • Pool Expense $1,963
  • Professional Management Expense $6,098
  • Trash Expense $3,035
  • Water Sewer Expense $3,798
  • New Taxes Expense $39,178
  • Gross Income $16,440
  • Net Operating Income $126,812

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.87
  • Professional Management Expense: 6098.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 3798.00
  • Property Type: Residential Income
  • Parcel Number: 8579010025
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 226.59

Exterior Features

  • Pool Expense: 1963.00
  • Pool Features: In Ground
  • Pool Private: Yes
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 3035.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 17029.00
  • Price Per Lot Square Foot: 144.93
  • Lot Size Acres: 0.3910

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 2569.00
  • Gross Income: 16440.00
  • Gross Multiplier: 12.79
  • Gross Scheduled Income: 203280.00
  • Insurance Expense: 3810.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 17029.0000 Square Feet
  • Maintenance Expense: 4059.00
  • Net Operating Income: 126812.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 17
  • Operating Expense: 70549.00
  • Other Income Description: Laundry income and garage rent
  • Rent Control: No
  • Total Actual Rent: 16440.00
  • Vacancy Allowance: 5918
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 39178.00
  • Tax Lot: 14
  • Tax Tract Number: 5428

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2015 07/31/15 Sold $2,468,000 -5.1% $227 / Sq Ft
07/06/2015 07/06/15 Pending -- -- --
06/15/2015 06/15/15 For Sale $2,600,000 -- $239 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Katie Chai

    Seller's Agent in 2015

    Katie Chai

    RE/MAX

    (909) 728-7888

    15 Total Sales

    Katie Chai
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR15131407

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County El Monte 91731 Downtown El Monte

10920 Ramona Blvd, El Monte, CA

This home is located at 10920 Ramona Blvd, El Monte, CA 91731 since 15 June 2015. This property was built in 1963. 10920 Ramona Blvd is a home located in Los Angeles County with nearby schools including Columbia School, El Monte High School, and Nativity Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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