NOT LISTED FOR SALE

4103 Rowland Ave El Monte, CA 91731

Northwest El Monte Neighborhood
11 Beds
5 Baths
5,963 Sq Ft
0.52 Acres

Last Sold July 27, 2022

Last sale price $1,930,000 $324 Per Sq Ft

15 Days on Market

Highlights

  • 0.52 Acre Lot
  • Laundry Room
  • 1-Story Property
  • Muscatel Middle School Rated 9+

About This Home

As of July 2022

We are pleased to exclusively offer for sale this 6 unit multi-family investment located in the desirable rental community of El Monte. The subject property is comprised of all single story constructed units; 4 detached cottage style units and a duplex style structure. The unit mix consists of 2(3Bed/1Bath)s & 4(2Bed/1Bath)s for a total rentable square footage of 5,963 SqFt. The lot is a good size measuring 22,452 SqFt. Tenants enjoy private laundry hookups as well as onsite open space parking. The property has been under the current ownership for some time with the rental rates being kept well below market level. A new investor can take advantage of a potential 28% upside in rental income with the right tenant improvements. The San Gabriel Valley has recently experienced tremendous growth in market rental rates as tenants continue to move east of the greater Los Angeles area.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 04/27/2022

RE/MAX 2000 REALTY

Last Buyer's Agent

Rachel Chen

Pinnacle Real Estate Group License #01869026

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.52 Acre Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 5,963 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 2
  • Assessor Parcel Number 8577009002

Community Details

Overview

  • 4 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,385
  • Maintenance Expense $4,500
  • Other Expense $900
  • Trash Expense $6,792
  • Water Sewer Expense $2,880
  • New Taxes Expense $24,470
  • Operating Expense $41,927
  • Gross Income $112,500
  • Net Operating Income $67,198

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2880.00
  • Zoning: EMR4YY
  • Property Type: Residential Income
  • Parcel Number: 8577009002
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 323.66

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 6792.00
  • 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: 6-10 Units/Acre
  • Lot Size Sq Ft: 22452.00
  • Lot Size Acres: 0.5154

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 112500.00
  • Gross Operating Income: 109125.00
  • Gross Scheduled Income: 112500.00
  • Insurance Expense: 2385.00
  • Lot Size Area: 22452.0000 Square Feet
  • Maintenance Expense: 4500.00
  • Net Operating Income: 67198.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 41927.00
  • Other Expense: 900.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Actual Rent: 9375.00
  • Total Expenses: 41927.00

Tax Info

  • New Taxes Expense: 24470.00
  • Tax Census Tract: 4328.02
  • Tax Lot: 4
  • Tax Tract Number: 002

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
07/27/2022 07/27/22 Sold $1,930,000 +5.8% $324 / Sq Ft
05/12/2022 05/12/22 Pending -- -- --
04/27/2022 04/27/22 For Sale $1,825,000 -- $306 / 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

    124 Total Sales

    Kristopher German
    Section Image

  • R

    Buyer's Agent in 2022

    Rachel Chen

    Pinnacle Real Estate Group

    (626) 888-9808

    1 in this area

    174 Total Sales

    Rachel Chen
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22086103

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

4103 Rowland Ave, El Monte, CA

Not Listed for Sale

MultiFamily

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

Nearby Homes