$1,385,000
$1,385,000
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0.28 Acres Lot
SOLD DATE : 02/23/2022
Key Details
Sold Price $1,385,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22017944
Sold Date 02/23/22
HOA Y/N No
Year Built 1961
Lot Size 0.280 Acres
Property Description
Investment opportunity! 5 single story houses sitting on a 12,180sqft. flat lot located in the city of El Monte. It is a perfect investment to receive passive income of $6,450 a month or for new development. Huge upside rental income potential here. Rents currently are very low compared to market rent. Long term tenants 30+ years have been paying on-time even during the pandemic. All 5 units are 2bedrooms, 1bathroom each. 4 units are rented for $1300 and 1 for $1250. There are many multiple homes in development or have been re-built in recent years in the neighborhood. The potential is unlimited with this property. It's sold AS IS, NO REPAIRS, NO TERMITE WORK, or CREDIT will be provided by seller. Easy access to the 60 and 605 freeways, supermarkets, shops, restaurants, and public transportation. Please DO NOT DISTURB occupants.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR1B*
Interior
Fireplace No
Laundry Inside
Exterior
Parking Features Carport
Carport Spaces 5
Pool None
Community Features Gutter(s)
Total Parking Spaces 5
Private Pool No
Building
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 8108022015
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Standard, Trust
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Bought with Kevin Lee Coldwell Banker Alliance
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Managing Broker, JD | Lic# DRE# 01065018/02178736