NOT LISTED FOR SALE
16 Beds
8 Baths
5,220 Sq Ft
0.34 Acres

Last Sold September 18, 2019

Last sale price $1,825,000 $350 Per Sq Ft

113 Days on Market

Highlights

  • 0.34 Acre Lot
  • No HOA
  • 8 Detached Carport Spaces
  • El Monte High School Rated A-
  • Laundry Room

About This Home

As of September 2019

Two quadruplex 8 unit apartment building with all 2 bedrooms and 1 bathroom. Convenient location near business centers, few blocks to CVS Pharmacy, Food 4 Less markets, banks and shopping. The property offers 8 detached carports for parking and each unit has it's own laundry hook ups. All individually metered for gas and electricity. Excellent investment opportunity in a highly desirable rental area, 100% occupancy rate and low maintenance. Please do not walk on the property and talk to tenants. New resurfaced driveway.

Last Agent to Sell the Property

Amy Wang

High Ten Partners, Inc. License #01349731 Listed on: 05/06/2019

High Ten Partners, Inc.

Last Buyer's Agent

Barbara Rogers

Coldwell Banker Residential Brokerage Company License #01169115

Coldwell Banker Residential Brokerage Company

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.34 Acre Lot
  • Two or More Common Walls

Home Design

  • Apartment

Interior Spaces

  • 5,220 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • 8 Detached Carport Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 3262
  • Assessor Parcel Number 8105007033

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $995
  • Gardener Expense $720
  • Insurance Expense $2,200
  • Maintenance Expense $928
  • Trash Expense $3,318
  • Water Sewer Expense $3,421
  • New Taxes Expense $27,000
  • Operating Expense $38,821
  • Gross Income $135,120
  • Net Operating Income $96,299

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • CapRate: 5.20
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 3421.00
  • Zoning: EMC3*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 8105007033
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 349.62

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport, Covered
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 3318.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 14678.00
  • Lot Size Acres: 0.3370

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 652 Square Feet
  • Electric Expense: 995.00
  • Gross Income: 135120.00
  • Gross Multiplier: 13.69
  • Gross Operating Income: 135120.00
  • Gross Scheduled Income: 135120.00
  • Gross Spendable Income: 85019.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 14678.0000 Square Feet
  • Maintenance Expense: 928.00
  • Net Operating Income: 96299.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 38821.00
  • Rent Control: No
  • Total Actual Rent: 11260.00
  • Total Expenses: 38821.00

Tax Info

  • New Taxes Expense: 27000.00
  • Tax Census Tract: 4334.03
  • Tax Lot: 2
  • Tax Tract Number: 3262

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
09/18/2019 09/18/19 Sold $1,825,000 -1.4% $350 / Sq Ft
08/27/2019 08/27/19 Pending -- -- --
05/06/2019 05/06/19 For Sale $1,850,000 +51.6% $354 / Sq Ft
11/21/2013 11/21/13 Sold $1,220,000 +1.8% $156 / Sq Ft
10/29/2013 10/29/13 Pending -- -- --
09/25/2013 09/25/13 For Sale $1,198,000 -- $153 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR19104188

California Regional Multiple Listing Service (CRMLS)