Seller's Agent in 2019
Steven Weinberg
Citadel Ventures, Inc.
(818) 992-4896
13 Total Sales
2
Beds
1
Bath
12,960
Sq Ft
0.47
Acres
Highlights
- In Ground Pool
- 0.47 Acre Lot
- Resident Manager or Management On Site
- La Rosa Elementary Rated A
- Property is near public transit
- Laundry Room
About This Home
As of October 2019This investment opportunity consists of a two-story garden apartment complex and contains 16-units constructed in 1959. This building is approximately 12,960 square feet situated on approximately 20,670 square feet of land with pitched roof. Unit Mix is comprised of 16- 2 bedroom 1 bathroom units. Each unit has double sink with garbage disposal, gas range/oven with hood combination. All units have gas wall heaters and in-wall electric air conditioning units.
The building amenities consist of newly resurfaced swimming pool, laundry room with two washing machines and two dryer’s, parking for 16 cars. The property is separately metered for gas and electric. Rents are currently below market offering upside potential of approximately 7%+/-. The City of El Monte currently does NOT have a rent control ordinance. State of California rent control ordinance does apply.
The property is located in the City of El Monte in the heart of the San Gabriel Valley west of the interchange of Interstates 605 and 10. The properties surrounding the area are developed with residential, commercial and industrial properties. North of the property is a large residential area. South of the property are residential, commercial and industrial properties. The building is conveniently located for tenants shopping and transportation needs.
Last Agent to Sell the Property
Citadel Ventures, Inc. License #00857322 Listed on: 06/19/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 0.47 Acre Lot
- Two or More Common Walls
- Block Wall Fence
- Chain Link Fence
- Rectangular Lot
- Level Lot
Home Design
- Property Attached
- Slab Foundation
- Stucco
Interior Spaces
- 12,960 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Laundry
- Laundry Room
- Leased Washer and Dryer
Parking
- 16 Parking Spaces
- 16 Detached Carport Spaces
- Parking Available
Outdoor Features
- In Ground Pool
- Exterior Lighting
Location
- Property is near public transit
Utilities
- Natural Gas Connected
- Septic Type Unknown
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 24
- Tax Tract Number 9848
- Assessor Parcel Number 8589020095
Community Details
Overview
- 2 Buildings
- 16 Units
Recreation
- Community Pool
Building Details
- 15 Leased Units
- Rent Control
- 17 Separate Electric Meters
- 17 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,590
- Fuel Expense $652
- Gardener Expense $3,550
- Insurance Expense $6,276
- Maintenance Expense $14,803
- Other Expense $1,843
- Pool Expense $2,160
- Professional Management Expense $10,237
- Trash Expense $7,897
- Water Sewer Expense $7,735
- New Taxes Expense $48,125
- Operating Expense $105,434
- Gross Income $269,666
- Net Operating Income $159,974
Additional Features
- Laundry Facilities
- Resident Manager or Management On Site
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
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/23/2019 10/23/19 | Sold | $3,790,000 | -1.6% | $292 / Sq Ft |
| 08/22/2019 08/22/19 | Pending | -- | -- | -- |
| 06/19/2019 06/19/19 | For Sale | $3,850,000 | -- | $297 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Agents Affiliated with this Home
-
Steven Weinberg
-
Grady Liu
G
Buyer's Agent in 2019
Grady Liu
MacroReal Inv Grp Inc.
(626) 236-8934
9 Total Sales
-
Jared Leung
J
Buyer Co-Listing Agent in 2019
Jared Leung
MacroReal Inv Grp Inc.
(949) 293-0903
7 Total Sales
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR19249004
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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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