$1,930,000
$1,825,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
4103 Rowland AVE El Monte, CA 91731
5,963 SqFt
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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Bought with YUAN CHEN • Pinnacle Real Estate Group