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Key Details
Sold Price $1,800,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW23192656
Sold Date 11/22/23
HOA Y/N No
Year Built 1934
Lot Size 0.444 Acres
Property Description
Attention investors! Don't miss this extraordinary investment opportunity in the bustling city of El Monte. This 7-unit income property sits on a spacious 19,000 sqft lot and offers 5,966 sqft of well-maintained living space. Several units have been recently updated, increasing the property's appeal and reducing future upkeep. Each unit is equipped with washer and dryer hook-ups, adding an extra layer of convenience for tenants. Ample parking is a huge plus, thanks to a long driveway that accommodates up to 13 vehicles and a separate 2-car garage, ideal for additional storage. Located near major transportation routes, the property promises steady tenant demand and numerous options for future development, making it a high-yield asset with significant upside potential.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR3YY
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Parking Features Asphalt, Carport, Door-Multi, Detached Carport, Driveway, Garage
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Storm Drain(s)
Total Parking Spaces 2
Private Pool No
Building
Lot Description Back Yard, Front Yard
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 8106008010
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, USDA Loan, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, FHA, USDA Loan, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Poe Ngo • RE/MAX CHAMPIONS
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