NOT LISTED FOR SALE

2941 Maxson Rd El Monte, CA 91732

Mountain View Neighborhood
14 Beds
8 Baths
5,966 Sq Ft
0.44 Acres

Last Sold November 22, 2023

Last sale price $1,800,000 $302 Per Sq Ft

14 Days on Market

Highlights

  • 0.44 Acre Lot
  • Detached Carport Space
  • 1-Story Property
  • Laundry Room
  • Back and Front Yard

About This Home

As of November 2023

Attention investors! Don't miss this extraordinary investment opportunity in the bustling city of El Monte. This 7-unit income property sits on a spacious 19,000 sqft lot and offers 5,966 sqft of well-maintained living space. Several units have been recently updated, increasing the property's appeal and reducing future upkeep. Each unit is equipped with washer and dryer hook-ups, adding an extra layer of convenience for tenants. Ample parking is a huge plus, thanks to a long driveway that accommodates up to 13 vehicles and a separate 2-car garage, ideal for additional storage. Located near major transportation routes, the property promises steady tenant demand and numerous options for future development, making it a high-yield asset with significant upside potential.

Last Agent to Sell the Property

Ray Miramontes

Circle Real Estate License #01931740 Listed on: 10/17/2023

Circle Real Estate

Co-Listed By

Elyssa Apodaca

Circle Real Estate License #01945344

Last Buyer's Agent

Poe Ngo

RE/MAX CHAMPIONS License #01165387

RE/MAX CHAMPIONS

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1934

Lot Details

  • 0.44 Acre Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Detached Carport Space
  • Parking Available
  • Two Garage Doors
  • Driveway

Interior Spaces

  • 5,966 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Legal Lot and Block 9 / A
  • Tax Tract Number 10848
  • Assessor Parcel Number 8106008010
  • $2,466 per year additional tax assessments

Community Details

Overview

  • 4 Buildings
  • 7 Units

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,565
  • Professional Management Expense $8,500
  • Trash Expense $3,371
  • Water Sewer Expense $1,759
  • Operating Expense $16,195
  • Gross Income $106,652
  • Net Operating Income $90,457

Property Details

Home Type

Apartment

Year Built

Built in 1934

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 271414
  • Professional Management Expense: 8500.00
  • Property Attached: No
  • Water Sewer Expenses: 1759.00
  • Zoning: EMR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 8106008010
  • Year Built: 1934
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 301.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Detached Carport, Driveway, Asphalt, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 3371.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 19339.00
  • Lot Size Acres: 0.4440

Multi Family

  • Gross Income: 106652.00
  • Gross Scheduled Income: 106652.00
  • Insurance Expense: 2565.00
  • Lot Size Area: 19339.0000 Square Feet
  • Net Operating Income: 90457.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 16195.00
  • Rent Control: No
  • Total Actual Rent: 9270.00
  • Total Expenses: 16195.00

Tax Info

  • Tax Block: A
  • Tax Census Tract: 4339.01
  • Tax Lot: 9
  • Tax Tract Number: 10848
  • TaxOtherAnnualAssessmentAmount: 2466.00

Range of Values:

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Sold Price
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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
11/22/2023 11/22/23 Sold $1,800,000 -5.3% $302 / Sq Ft
10/17/2023 10/17/23 For Sale $1,899,900 -- $318 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ray Miramontes

    Seller's Agent in 2023

    Ray Miramontes

    Circle Real Estate

    (562) 343-3099

    1 in this area

    92 Total Sales

    Ray Miramontes
    Section Image

  • E

    Seller Co-Listing Agent in 2023

    Elyssa Apodaca

    Circle Real Estate

    Section Image

  • P

    Buyer's Agent in 2023

    Poe Ngo

    RE/MAX

    (909) 291-5388

    2 in this area

    30 Total Sales

    Poe Ngo
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23192656

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County El Monte 91732 Mountain View

2941 Maxson Rd, El Monte, CA

This home is located at 2941 Maxson Rd, El Monte, CA 91732 since 17 October 2023. This property was built in 1934. 2941 Maxson Rd is a home located in Los Angeles County with nearby schools including Willard F. Payne Elementary, Mountain View High, 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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