Seller's Agent in 2022
Kristopher German
RE/MAX
(909) 645-0443
5 in this area
129 Total Sales
2828 Consol Ave El Monte, CA 91733
Mountain View Neighborhood
16
Beds
9
Baths
11,424
Sq Ft
0.47
Acre Lot
About This Home
As of June 2022We 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
RE/MAX 2000 REALTY License #01800021 Listed on: 02/22/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 20,569 Sq Ft 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 in unit
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 19, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
0.0554%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 9, 2022
Sold by
Bought by
Purchase Details
Closed on
Oct 5, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$872,000
Interest Rate
0.0644%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Chicago Title | ||
| $3,750,000 | New Title Company Name | ||
| -- | First American Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,400,000 | ||
| Open | $2,400,000 | ||
| Previous Owner | $1,300,000 | ||
| Previous Owner | $767,000 | ||
| Previous Owner | $872,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $59,175 | $3,979,528 | $2,585,102 | $1,394,426 |
| 2024 | $55,388 | $3,901,499 | $2,534,414 | $1,367,085 |
| 2023 | $54,507 | $3,825,000 | $2,484,720 | $1,340,280 |
| 2022 | $23,154 | $1,463,137 | $669,889 | $793,248 |
| 2021 | $23,589 | $1,434,449 | $656,754 | $777,695 |
| 2019 | $22,918 | $1,395,674 | $637,275 | $758,399 |
| 2018 | $21,896 | $1,368,383 | $624,780 | $743,603 |
| 2016 | $20,182 | $1,311,625 | $600,520 | $711,105 |
| 2015 | $19,960 | $1,291,924 | $591,500 | $700,424 |
| 2014 | $19,632 | $1,266,618 | $579,914 | $686,704 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV22034547
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.
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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