El Monte, CA 91731,4103 Rowland AVE

$1,930,000

Est. payment /mo

$1,825,000

5.8%
Est.Price: ?

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4103 Rowland AVE El Monte, CA 91731

5,963 SqFt

SOLD DATE : 07/27/2022

Key Details

Sold Price $1,930,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,963 sqft

Price per Sqft $323

MLS Listing ID CV22086103

Sold Date 07/27/22

HOA Y/N No

Year Built 1961

Lot Size 0.515 Acres

Acres 0.5154

Property Description

We are pleased to exclusively offer for sale this 6 unit multi-family investment located in the desirable rental community of El Monte. The subject property is comprised of all single story constructed units; 4 detached cottage style units and a duplex style structure. The unit mix consists of 2(3Bed/1Bath)s & 4(2Bed/1Bath)s for a total rentable square footage of 5,963 SqFt. The lot is a good size measuring 22,452 SqFt. Tenants enjoy private laundry hookups as well as onsite open space parking. The property has been under the current ownership for some time with the rental rates being kept well below market level. A new investor can take advantage of a potential 28% upside in rental income with the right tenant improvements. The San Gabriel Valley has recently experienced tremendous growth in market rental rates as tenants continue to move east of the greater Los Angeles area.

Location

State CA

County Los Angeles

Area 619 - El Monte

Zoning EMR4YY

Rooms

Ensuite Laundry Washer Hookup, Gas Dryer Hookup, Inside

Interior

Laundry Location Washer Hookup,Gas Dryer Hookup,Inside

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup, Inside

Exterior

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 10

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 8577009002

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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Mike And Mary Jafarkhani

Mike And Mary Jafarkhani

+1(949) 533-5040

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by KRISTOPHER GERMAN • RE/MAX 2000 REALTY
Bought with YUAN CHEN • Pinnacle Real Estate Group

Mike And Mary Jafarkhani

Broker Associate | License ID: 00999447

+1(949) 533-5040

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