NOT LISTED FOR SALE

2126 Mountain View Rd El Monte, CA 91733

Mountain View Neighborhood
6 Beds
4 Baths
6,496 Sq Ft
0.49 Acres

Last Sold December 31, 2014

Last sale price $1,430,000 $220 Per Sq Ft

71 Days on Market

Highlights

  • Gated Community
  • Property is near a park
  • Private Yard
  • 0.49 Acre Lot
  • Wood Flooring
  • No HOA

About This Home

As of December 2014

The Mountain View Apartments are an excellent multifamily investment opportunity due to its high demand residential area. The Mountain View Apartments are surrounded by quiet single family residences as well as small local businesses that generate nearby employment. The Mountain View Apartments have an excellent unit mix of four 1 bedroom and 1 bathroom units, four 2 bedroom and 1 bathroom units, and one 3 bedroom and 2 bathroom unit. These units have a 100% occupancy rate and are generating below market rent. Including the $1,530 in additional income through its on-site facility, the property has an annual gross income of $111,600. Upon increasing the rent to market level, the new owner would be able to generate a $9,000 increase in gross income, making the annual gross income $120,600.

The Mountain View Apartments are situated on a 21,221 square foot lot with twelve carports and one 2-car garage. Built in 1963, the Mountain View Apartments have easily held an occupancy rate of 100% due to its solid rental neighborhood. There is 6,496 rentable square feet and a newly painted exterior as well as termite completion. Some units have also undergone interior upgrades which include granite countertops, new kitchen cabinets, tile flooring, and new bathrooms.

Last Agent to Sell the Property

Eric Chen

CB RICHARD ELLIS Listed on: 08/13/2014

Last Buyer's Agent

Eric Chen

CB RICHARD ELLIS Listed on: 08/13/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.49 Acre Lot
  • Property fronts a private road
  • Two or More Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Landscaped
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Private Yard
  • Lawn
  • Density is 16-20 Units/Acre

Parking

  • 2 Car Garage
  • 12 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Split Level Home
  • Property Attached
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 6,496 Sq Ft Home
  • 2-Story Property
  • Window Bars
  • Gas Cooktop
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Location

  • Property is near a park
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 11247
  • Assessor Parcel Number 8114008022

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 9 Units

Building Details

  • 9 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $840
  • Gardener Expense $720
  • Insurance Expense $2,700
  • Maintenance Expense $5,413
  • Trash Expense $2,615
  • Water Sewer Expense $3,142
  • New Taxes Expense $17,798
  • Gross Income $9,300
  • Net Operating Income $74,484

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.36
  • Other Phone Description: Assistant Phone
  • Other Phone Number: 909-418-2003
  • Price Per Unit: 154444
  • Property Attached: Yes
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Security: Gated Community, Window Bars
  • Water Sewer Expenses: 3142.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 8114008022
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Levels: Multi/Split
  • Price Per Square Foot: 220.14

Exterior Features

  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 12.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 2615.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Lot Features: 16-20 Units/Acre, Lawn, Landscaped, Rectangular Lot, Lot 20000-39999 Sqft, Paved, Park Nearby, Yard
  • Lot Size Sq Ft: 21221.00
  • Lot Size Acres: 0.4870

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 600
  • Average2 Bed Area: 775
  • Average3 Bed Area: 996
  • Electric Expense: 840.00
  • Gross Income: 9300.00
  • Gross Multiplier: 12.46
  • Gross Scheduled Income: 111600.00
  • Insurance Expense: 2700.00
  • Lot Size Area: 21221.0000 Square Feet
  • Maintenance Expense: 5413.00
  • Net Operating Income: 74484.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 33768.00
  • Rent Control: No
  • Total Actual Rent: 9150.00
  • Vacancy Allowance: 3348

Tax Info

  • New Taxes Expense: 17798.00
  • Tax Lot: 1
  • Tax Tract Number: 11247

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
12/31/2014 12/31/14 Sold $1,430,000 -9.2% $220 / Sq Ft
10/23/2014 10/23/14 Pending -- -- --
08/13/2014 08/13/14 For Sale $1,575,000 -- $242 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Eric Chen

    Seller's Agent in 2014

    Eric Chen

    CB RICHARD ELLIS

    (909) 418-2030

    61 Total Sales

    Eric Chen
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14173587

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County El Monte 91733 Mountain View

2126 Mountain View Rd, El Monte, CA

This home is located at 2126 Mountain View Rd, El Monte, CA 91733 since 13 August 2014. This property was built in 1963. 2126 Mountain View Rd is a home located in Los Angeles County with nearby schools including South El Monte High School and Epiphany 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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