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$ 1,100,000
Est. payment | /mo
8 Beds
4 Baths
6,389 Sqft Lot
$ 1,100,000
Est. payment | /mo
8 Beds
4 Baths
6,389 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25087479
Bedrooms 8
HOA Y/N No
Lot Size 6,389 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
INVESTMENT GEM IN PRIME EL MONTE. Unlock exceptional potential with this diamond in the rougha rare opportunity to acquire a 4-unit income property situated on a corner lot in the heart of El Monte. This multifamily complex has long-term tenants, many of whom have called it home for decadesoffering stable cash flow and massive upside for value-driven investors. Each unit features spacious 2-bedroom layouts with open-concept floor plans, Individual utility meters, Shared on-site laundry facility (a value-add income stream), an enclosed front yard, a central courtyard, 4 dedicated rear parking spaces, and ample street parking. With NO local rent control in El Monte and favorable AB1482 guidelines (annual increases of up to 10% or 5% + CPI), investors have the flexibility to strategically raise rents, enhance unit interiors, or add modern amenities to significantly increase returns. Plus, take advantage of generous tax strategies, including cost segregation, to optimize long-term profitability. Located near Durfee Ave and Rush St, this property is steps from shopping and dining such as CVS, Marshalls, Panda Express, Starbucks, and Superior Grocersplus just minutes from El Monte Community Hospital. Surrounded by Temple City, Arcadia, San Gabriel, and Rosemead, and only 15 miles from Downtown LA and 29 miles to Ontario Airport, with seamless access to I-10, I-60, I-605, and the El Monte Metrolink Stationmaking this a commuters dream and a smart addition to any real estate portfolio. Whether youre a seasoned investor or just entering the multifamily space, this is the kind of ass
INVESTMENT GEM IN PRIME EL MONTE. Unlock exceptional potential with this diamond in the rougha rare opportunity to acquire a 4-unit income property situated on a corner lot in the heart of El Monte. This multifamily complex has long-term tenants, many of whom have called it home for decadesoffering stable cash flow and massive upside for value-driven investors. Each unit features spacious 2-bedroom layouts with open-concept floor plans, Individual utility meters, Shared on-site laundry facility (a value-add income stream), an enclosed front yard, a central courtyard, 4 dedicated rear parking spaces, and ample street parking. With NO local rent control in El Monte and favorable AB1482 guidelines (annual increases of up to 10% or 5% + CPI), investors have the flexibility to strategically raise rents, enhance unit interiors, or add modern amenities to significantly increase returns. Plus, take advantage of generous tax strategies, including cost segregation, to optimize long-term profitability. Located near Durfee Ave and Rush St, this property is steps from shopping and dining such as CVS, Marshalls, Panda Express, Starbucks, and Superior Grocersplus just minutes from El Monte Community Hospital. Surrounded by Temple City, Arcadia, San Gabriel, and Rosemead, and only 15 miles from Downtown LA and 29 miles to Ontario Airport, with seamless access to I-10, I-60, I-605, and the El Monte Metrolink Stationmaking this a commuters dream and a smart addition to any real estate portfolio. Whether youre a seasoned investor or just entering the multifamily space, this is the kind of asset that builds long-term wealth. Dont miss your chance to transform this rare multi-unit into a cash-flow powerhouse!
INVESTMENT GEM IN PRIME EL MONTE. Unlock exceptional potential with this diamond in the rougha rare opportunity to acquire a 4-unit income property situated on a corner lot in the heart of El Monte. This multifamily complex has long-term tenants, many of whom have called it home for decadesoffering stable cash flow and massive upside for value-driven investors. Each unit features spacious 2-bedroom layouts with open-concept floor plans, Individual utility meters, Shared on-site laundry facility (a value-add income stream), an enclosed front yard, a central courtyard, 4 dedicated rear parking spaces, and ample street parking. With NO local rent control in El Monte and favorable AB1482 guidelines (annual increases of up to 10% or 5% + CPI), investors have the flexibility to strategically raise rents, enhance unit interiors, or add modern amenities to significantly increase returns. Plus, take advantage of generous tax strategies, including cost segregation, to optimize long-term profitability. Located near Durfee Ave and Rush St, this property is steps from shopping and dining such as CVS, Marshalls, Panda Express, Starbucks, and Superior Grocersplus just minutes from El Monte Community Hospital. Surrounded by Temple City, Arcadia, San Gabriel, and Rosemead, and only 15 miles from Downtown LA and 29 miles to Ontario Airport, with seamless access to I-10, I-60, I-605, and the El Monte Metrolink Stationmaking this a commuters dream and a smart addition to any real estate portfolio. Whether youre a seasoned investor or just entering the multifamily space, this is the kind of asset that builds long-term wealth. Dont miss your chance to transform this rare multi-unit into a cash-flow powerhouse!
Location
State CA
County Los Angeles
Area South El Monte (91733)
Zoning Assessor
Exterior
Parking Features Unit1:Assigned
Building
Lot Description Corner Lot, Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Monthly Total Fees $255
Acceptable Financing Cash, Conventional, Exchange
Space Rent $2,000
Listing Terms Cash, Conventional, Exchange
Listed by Suong Vu • Dang Mortgage Team Inc.