Seller's Agent in 2022
Kristopher German
RE/MAX
(909) 645-0443
4 in this area
126 Total Sales
4103 Rowland Ave El Monte, CA 91731
Northwest El Monte Neighborhood
11
Beds
5
Baths
5,963
Sq Ft
0.52
Acres
Highlights
- 0.52 Acre Lot
- Laundry Room
- 1-Story Property
- Muscatel Middle School Rated 9+
About This Home
As of July 2022We 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
RE/MAX 2000 REALTY License #01800021 Listed on: 04/27/2022
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
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Home Values in the Area
Average Home Value in this Area
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
| 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 | $27,719 | $2,007,971 | $1,460,721 | $547,250 |
| 2024 | $27,719 | $1,968,600 | $1,432,080 | $536,520 |
| 2023 | $27,709 | $1,930,000 | $1,404,000 | $526,000 |
| 2022 | $20,802 | $1,444,860 | $1,050,811 | $394,049 |
| 2021 | $21,264 | $1,416,530 | $1,030,207 | $386,323 |
| 2020 | $20,862 | $1,402,006 | $1,019,644 | $382,362 |
| 2019 | $20,908 | $1,374,516 | $999,651 | $374,865 |
| 2018 | $19,993 | $1,347,565 | $980,050 | $367,515 |
| 2016 | $19,012 | $1,295,240 | $941,995 | $353,245 |
| 2015 | $19,007 | $1,275,785 | $927,846 | $347,939 |
| 2014 | $18,616 | $1,250,795 | $909,671 | $341,124 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
-
Rachel Chen
R
Buyer's Agent in 2022
Rachel Chen
Pinnacle Real Estate Group
(626) 888-9808
1 in this area
174 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV22086103
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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