South El Monte, CA 91733,2528 Edwards Avenue
South El Monte, CA 91733,2528 Edwards Avenue
South El Monte, CA 91733,2528 Edwards Avenue
South El Monte, CA 91733,2528 Edwards Avenue
South El Monte, CA 91733,2528 Edwards Avenue
South El Monte, CA 91733,2528 Edwards Avenue
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$3,200,000

$3,350,000

4.5%
Est.Price: ?

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Est. payment /mo

8 Beds

8 Baths

0.49 Acres Lot


SOLD DATE : 10/07/2022

Key Details

Sold Price $3,200,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV22190701

Sold Date 10/07/22

Bedrooms 8

HOA Y/N No

Lot Size 0.487 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

We are pleased to offer for sale this 12 unit multi-family investment located in the city of South El Monte. The subject property was constructed in 1987 and consists of ALL 2Bed/2Bath units. The rental units are good sized and the total lot size is 21,213 SqFt. Tenants enjoy private patios, two assigned parking spaces per unit (1 garage space as well as 1 open space/car-port), and an onsite laundry facility (currently not in use). Tenants pay for electricity and gas while the owner pays for water and trash. This property is a great opportunity for the savvy investor looking for a newer constructed building, priced well for the marketplace, and located in the highly sought after San Gabriel Valley. With a minimum of 37% upside in market rental income, a new investor can take advantage of a substantial repositioning opportunity that, once repositioned, will provide great cash-flow and appreciation for years to come.
We are pleased to offer for sale this 12 unit multi-family investment located in the city of South El Monte. The subject property was constructed in 1987 and consists of ALL 2Bed/2Bath units. The rental units are good sized and the total lot size is 21,213 SqFt. Tenants enjoy private patios, two assigned parking spaces per unit (1 garage space as well as 1 open space/car-port), and an onsite laundry facility (currently not in use). Tenants pay for electricity and gas while the owner pays for water and trash. This property is a great opportunity for the savvy investor looking for a newer constructed building, priced well for the marketplace, and located in the highly sought after San Gabriel Valley. With a minimum of 37% upside in market rental income, a new investor can take advantage of a substantial repositioning opportunity that, once repositioned, will provide great cash-flow and appreciation for years to come.

Location

State CA

County Los Angeles

Area South El Monte (91733)

Zoning Assessor

Building

Lot Description Curbs, Sidewalks

Story 2

Level or Stories 2 Story

Others

Acceptable Financing Cash

Space Rent $1,450

Listing Terms Cash

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by KRISTOPHER GERMAN • RE/MAX 2000 REALTY
Bought with KRISTOPHER GERMAN • RE/MAX 2000 REALTY
agent-avatar

+1(619) 606-0700

jay@theleehometeam.com

2015 Birch Rd. Ste 1009., Vista, CA, 91915

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