Active
$1,300,000
3 Units
7 Beds
3 Baths
2,512 Area(sq.ft.)
Lot: 13,181 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 1,220 | $ 1,220 | $ 1,795 |
| Unit 2 | 1 | 2 | 1 | No | $ 1,320 | $ 1,320 | $ 1,895 |
| Unit 3 | 1 | 3 | 1 | No | $ 1,175 | $ 1,175 | $ 1,785 |
| 3 | 7 | 3 | $ 3,715 | $ 3,715 | $ 5,475 |
| MLS #: | AR25023389MR |
| Days On Market: | 369 |
| Listing Date: | February 1, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 518 |
| Price per unit: | $ 433,333 |
| Year Built: | 1962 |
Property Details
First time on the market in decades a reliable, low maintenance rental property in El Monte. For sale are three units including a detached garage on a large 13,177 square foot lot in the heart of a very popular rental market. All three units are currently rented to long term tenants at below market rates. Take advantage of the opportunity to add value with rent increases and making minor renovations. Currently, the garage is not being utilized, allowing for the possibility of converting it into livable space, further increasing cash flow without disrupting the current tenants parking. Adding an ADU/JADU can add tremendous value. All three units are separately metered and have ample parking space. Tenants are responsible for all utilities. This property is easy to operate and has huge upside potential.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 4,400 |
| Net Operating Income: | $ 40,825 |
Structure
| Community Features: | Curbs |
| Sewer: | Unknown |
| Water: | Public |
Land & Parking
| Zoning: | EMR3* |
| Land Lease Type: | Fee |
Interior
| Laundry: | Electric Dryer Hookup, Hookup - Electric, Washer Hookup |
Exterior
| Pool: | No |
Detailed Map
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Income
