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Key Details
Sold Price $4,340,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 14,964 sqft
Price per Sqft $290
MLS Listing ID 22174245
Sold Date 09/09/22
Bedrooms 32
HOA Y/N No
Year Built 1963
Lot Size 0.557 Acres
Property Description
We are pleased to present our exclusive listing of 15 Units located on Santa Anita Avenue in the heart of El Monte. The subject property features Oversized 2 and 3 Bedroom Two-Story Townhome Style Apartments and is comprised of (TWO) 3 Bedroom + 1.5 Bathroom Units and (THIRTEEN) 2 Bedroom + 1.5 Bathroom Units. Total rentable square footage of the building is approximately 14,964 sq. ft. (built in 1963) on a large sized lot measuring 24,254 sq. ft. zoned EMR4YY. Tenants enjoy the convenience of on-site laundry room while Landlord enjoys the additional income from the owner-owned laundry machines. This is an excellent investment opportunity that is within walking distance to Garvey Avenue. In this limited market inventory and with a substantial improvement approach, a new investor may bring this value-add potential to its rental upside of +/-42%. This property is a great asset for an exchange purchase or an investor seeking growth & stability in a desirable rental community. Property is located within a short drive to the El Monte Valley Mall & the 10 Freeway. Please Note: Buyer to Assume CHASE Loan (with an Approx. Balance of $2,194,000) at 3.25% Fixed until 11/01/2026. Contact listing agent for more details.
Location
State CA
County Los Angeles
Area 657 - So. El Monte
Zoning EMR4YY
Interior
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Garage
Garage Spaces 19.0
Garage Description 19.0
Total Parking Spaces 19
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 8104014005
Special Listing Condition Standard
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Bought with PHILLIP MU • RICHTOWN REALTY