NOT LISTED FOR SALE

2828 Consol Ave El Monte, CA 91733

Mountain View Neighborhood
16 Beds
9 Baths
11,424 Sq Ft
0.47 Acres

Last Sold June 15, 2022

Last sale price $3,750,000 $328 Per Sq Ft

10 Days on Market

Highlights

  • 0.47 Acre Lot
  • No HOA
  • Laundry Room
  • El Monte High School Rated A-

About This Home

As of June 2022

We are pleased to exclusively offer for sale this 16 unit (+2 additional non-conforming units) multi-family investment property in the city of El Monte. The subject property is comprised 12 (2Bed/1Bath) units, 4(1Bed/1Bath) Units, and 2(Studios-Non Conforming). 16 of the units are separately metered for electricity and gas while the owner pays for electricity for the common area lighting and electricity and gas for the onsite laundry room. The property offers a total of 11,424 rental sqft of which are situated on a 20,569 sqft lot. Tenants enjoy gated automatic entry, onsite laundry facility and onsite covered parking. With a potential upside of 62% in rental income (assuming "substantial improvement" or similar repositioning of the property) a new investor can enjoy a 9+% cash return on investment with market rents in place.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 02/22/2022

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 02/22/2022

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.47 Acre Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 11,424 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 9 Bathrooms

Parking

  • 18 Parking Spaces
  • 18 Carport Spaces

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Tax Tract Number 3262
  • Assessor Parcel Number 8105002013

Community Details

Overview

  • No Home Owners Association
  • 16 Units

Amenities

  • Laundry Facilities

Building Details

  • 18 Leased Units
  • Rent Control
  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,162
  • Fuel Expense $1,358
  • Insurance Expense $4,570
  • Maintenance Expense $12,000
  • Other Expense $2,400
  • Trash Expense $7,660
  • Water Sewer Expense $9,238
  • New Taxes Expense $48,651
  • Operating Expense $88,039
  • Gross Income $229,800
  • Net Operating Income $136,165

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Price Per Unit: 231250
  • Property Attached: Yes
  • Water Sewer Expenses: 9238.00
  • Zoning: EMR3YY
  • Property Type: Residential Income
  • Parcel Number: 8105002013
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 328.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 18.00
  • Total Parking Spaces: 18.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Inside
  • Sewer: Public Sewer
  • Trash Expense: 7660.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 20569.00
  • Lot Size Acres: 0.4722

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 2162.00
  • Fuel Expense: 1358.00
  • Gross Income: 229800.00
  • Gross Operating Income: 222906.00
  • Gross Scheduled Income: 229800.00
  • Insurance Expense: 4570.00
  • Laundry Income: 5400.00
  • Lot Size Area: 20569.0000 Square Feet
  • Maintenance Expense: 12000.00
  • Net Operating Income: 136165.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 18
  • Number Of Units Total: 16
  • Operating Expense: 86741.00
  • Other Expense: 2400.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Actual Rent: 17670.00
  • Total Expenses: 88039.00
  • Vacancy Allowance: 6894

Tax Info

  • New Taxes Expense: 48651.00
  • Tax Census Tract: 4334.02
  • Tax Lot: 9
  • 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 List to Sale Price per Sq Ft
06/15/2022 06/15/22 Sold $3,750,000 +1.4% $328 / Sq Ft
03/04/2022 03/04/22 Pending -- -- --
02/22/2022 02/22/22 For Sale $3,700,000 -- $324 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kristopher German

    Seller's Agent in 2022

    Kristopher German

    RE/MAX

    (909) 645-0443

    2 in this area

    123 Total Sales

    Kristopher German
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22034547

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

2828 Consol Ave, El Monte, CA

This home is located at 2828 Consol Ave, El Monte, CA 91733 since 22 February 2022. This property was built in 1963. 2828 Consol Ave is a home located in Los Angeles County with nearby schools including Baker Elementary, El Monte High School, and New Life Christian 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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