NOT LISTED FOR SALE

2711 Potrero Ave El Monte, CA 91733

Park El Monte Neighborhood
12 Beds
7 Baths
5,041 Sq Ft
0.62 Acres

Last Sold October 18, 2022

Last sale price $1,471,835 $292 Per Sq Ft

76 Days on Market

Highlights

  • Private Pool
  • Lawn
  • Neighborhood Views
  • 0.62 Acre Lot
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of October 2022

Attention Investors!! Unique opportunity to own 5 units in El Monte on a large lot! Two units have: 3 bedrooms, 1.5 bathroom, and three units have 2 bedrooms, 1 bathroom. One unit has a private pool! There are 5 garages, and private yard areas for each unit, all with their own meters and laundry hookups. Property has multiple opportunities, as-is or re-developed! Zoned R3. Considered: Apartment House Medium-Density | Multi-Family. Allowed for: Multi-Family, SFR's and Apartment Homes. Not Allowed: Industrial / Warehouses / Retail.

Highlights:
Centrally located - schools, shopping centers, large parks - Whittier Narrows Recreational. Very high lease/ rent demand in the area. Per Title Profile: lot measures 299.99' front to back on both sides and 90' side to side in front and rear of property.

Located approximately 12 miles east of downtown Los Angeles, El Monte is the hub of the San Gabriel Valley, with two major freeways (Interstates 605 and 10) intersect, and is the ninth largest city (out of 88) in Los Angeles County with a population of approximately 120,000. The land uses within its 10 square mile area are 58% residential, 11% retail, 10% industrial, 7% office/retail, and 14% other amenities.

Last Agent to Sell the Property

JANNA MCROY

NextHome CREA License #01722608 Listed on: 07/14/2022

NextHome CREA

Co-Listed By

Sal Torres Jr

NEXTHOME CREA

Last Buyer's Agent

Andy Huynh

Pinnacle Real Estate Group License #01126954

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.62 Acre Lot
  • No Common Walls
  • Chain Link Fence
  • Landscaped
  • Level Lot
  • Lawn

Parking

  • 6 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 5,041 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Neighborhood Views

Kitchen

  • Gas Range
  • Microwave
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Private Pool
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, exterior maintenance, gas
  • Legal Lot and Block 9 / B
  • Tax Tract Number 10929
  • Assessor Parcel Number 8102028017

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 5 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Professional Management Expense $3,000
  • Trash Expense $3,000
  • Operating Expense $24,000
  • Gross Income $70,000
  • Net Operating Income $46,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Professional Management Expense: 3000.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Zoning: EMR3YY
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 8102028017
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 291.97
  • Room Type: Family Room, Kitchen, Laundry, Living Room, Master Bedroom

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Features: Private
  • Pool Private: Yes
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Gas Water Heater, Microwave, Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Level
  • Lot Size Sq Ft: 26917.00
  • Lot Size Acres: 0.6179

Rental Info

  • Tenant Pays: Cable TV, Electricity, Exterior Maintenance, Gas

Multi Family

  • Gross Income: 70000.00
  • Gross Scheduled Income: 70000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 26917.0000 Square Feet
  • Net Operating Income: 46000.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 5
  • Operating Expense: 24000.00
  • Rent Control: No
  • Total Expenses: 24000.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 4335.05
  • Tax Lot: 9
  • Tax Tract Number: 10929

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
10/18/2022 10/18/22 Sold $1,471,835 -13.4% $292 / Sq Ft
09/28/2022 09/28/22 Pending -- -- --
09/12/2022 09/12/22 Price Changed $1,700,000 -5.6% $337 / Sq Ft
07/14/2022 07/14/22 For Sale $1,800,000 -- $357 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • JANNA MCROY

    Seller's Agent in 2022

    JANNA MCROY

    NextHome CREA

    (208) 889-9242

    1 in this area

    194 Total Sales

    JANNA MCROY
    Section Image

  • S

    Seller Co-Listing Agent in 2022

    Sal Torres Jr

    NEXTHOME CREA

    Section Image
  • Andy Huynh

    Buyer's Agent in 2022

    Andy Huynh

    Pinnacle Real Estate Group

    (626) 289-6660

    1 in this area

    54 Total Sales

    Andy Huynh
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22155427

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County El Monte 91733 Park El Monte

2711 Potrero Ave, El Monte, CA

Not Listed for Sale

MultiFamily

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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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