NOT LISTED FOR SALE

4013 Eunice Ave El Monte, CA 91731

Northwest El Monte Neighborhood
5 Beds
5 Baths
2,567 Sq Ft
5,857 Sq Ft Lot

Last Sold September 07, 2022

Last sale price $950,000 $370 Per Sq Ft

54 Days on Market

About This Home

As of September 2022

We are pleased to offer for sale this 5 unit multi-family property in the city of El Monte. The subject property is comprised of 5 units spread across 3 separate structures. The front structure is a single story duplex that offers 2(1Bed/1Bath) units. The second structure is a two-story building with 2(1bed/1bath) units situated above four 1-car garages. The last structure is a single story 1Bed/1Bath unit. All units are separately metered for electricity and gas while the owner pays for water and trash. The current owner has held the property for a number of years and kept the rental rates well below market. With a substantial improvement approach, a new investor can reposition the subject property to earn nearly a 9% cash-on-cash return. This property can be purchased independently or in conjunction with the 2 unit duplex property (MLS#CV22135823) that shares the common driveway. There is also a 3rd contiguous parcel for sale as well (MLS#CV22135853) All combined the 3 properties offer 8 units and a total lot size of 20,682 Zoned R4.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 06/22/2022

RE/MAX 2000 REALTY

Last Buyer's Agent

Dan Tan

TANDEM REAL ESTATE. INC. License #01351474

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 5,857 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • 2,567 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 11
  • Tax Tract Number 7007
  • Assessor Parcel Number 8577011022

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,350
  • Maintenance Expense $3,750
  • Other Expense $750
  • Trash Expense $2,928
  • Water Sewer Expense $3,000
  • New Taxes Expense $12,529
  • Operating Expense $24,307
  • Gross Income $59,580
  • Net Operating Income $33,485

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: EMR4YY
  • Property Type: Residential Income
  • Parcel Number: 8577011022
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 370.08

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Trash Expense: 2928.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5857.00
  • Lot Size Acres: 0.1345

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 59580.00
  • Gross Operating Income: 57793.00
  • Gross Scheduled Income: 59580.00
  • Insurance Expense: 1350.00
  • Lot Size Area: 5857.0000 Square Feet
  • Maintenance Expense: 3750.00
  • Net Operating Income: 33485.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 24307.00
  • Other Expense: 750.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Actual Rent: 4965.00
  • Total Expenses: 24307.00

Tax Info

  • New Taxes Expense: 12529.00
  • Tax Census Tract: 4328.02
  • Tax Lot: 11
  • Tax Tract Number: 7007

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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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 List to Sale Price per Sq Ft
09/07/2022 09/07/22 Sold $950,000 0.0% $370 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
06/22/2022 06/22/22 For Sale $950,000 -- $370 / 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

    4 in this area

    121 Total Sales

    Kristopher German
    Section Image
  • Dan Tan

    Buyer's Agent in 2022

    Dan Tan

    TANDEM REAL ESTATE. INC.

    (626) 261-1838

    3 in this area

    11 Total Sales

    Dan Tan
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22135839

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County El Monte 91731 Northwest El Monte

4013 Eunice 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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