El Monte, CA 91732,11839 Roseglen ST

$1,625,000

Est. payment /mo

$2,000,000

18.8%
Est.Price: ?

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11839 Roseglen ST El Monte, CA 91732

4,000 SqFt

SOLD DATE : 08/16/2023

Key Details

Sold Price $1,625,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $406

MLS Listing ID CV23078925

Sold Date 08/16/23

HOA Y/N No

Year Built 1935

Lot Size 0.717 Acres

Acres 0.7168

Lot Dimensions Assessor

Property Description

**Attention Investors!** - Welcome to Roseglen St. an incredible investment opportunity located in the heart of North El monte. At first sight, this multi-family property offers five single houses sitting on a flat lot totaling approx. 31,144 Sq.Ft (per assessor records) each with their own addresses, private entrances and utility meters, also providing a host of beneficial amenities to any investor whose seeking consistent rental income in a prime location. Whether you plan to purchase/occupy or rent and enjoy great income potential, this property offers a range of desirable features that make it an excellent choice for those looking to capitalize on the strong rental market. Roseglen St. is comprised of (1) 2Bed/1Bath & (4) 2Bed/1Bath/1garage totaling approx. 4000 Sq.ft of living space. Each unit has their own front and backyard accompanied by plenty of parking space inside the lot, Unit 11839 (2) has been converted to a garage (door only) and a Certificate of Compliance has been issued and is in good standing with the city (Available upon request). Situated within the Unified School District of El monte, Roseglen is close to everything; students of various levels can access nearby schools, multiple grocery markets all within walking distance. Off of North Peck Road and Lower Azusa road, the property is nearby public transportation and major freeways for easy access to LA, San Gabriel Valley, and Inland Empire making it an ideal location for commuters, minutes away from the world famous San Gabriel Valley Eateries, the cities of Alhambra, Monterey Park, Arcadia, San Gabriel, Temple City, and Rosemead are home to some of the most famous food and entertainment you'll find in the greater Los Angeles area. In addition, Investors benefit from high demand and low vacancy rates as the surrounding community is rapidly expanding with new retail business and commerce driving up property value, rent, and long term growth potential for years to come. This property has huge upside potential as the current rents are below market averages in the area. A savvy investor may acquire this asset as a profitable portfolio addition with low expenses; Also an ideal 1031 exchange opportunity to capitalize on tax benefits, so why wait? You don't want to miss on the chance to secure this rare investment in the soaring city of El Monte!

Location

State CA

County Los Angeles

Area 619 - El Monte

Zoning EMR1BY

Rooms

Ensuite Laundry Electric Dryer Hookup, Gas Dryer Hookup, Inside

Interior

Interior Features Built-in Features, Ceiling Fan(s), All Bedrooms Down

Laundry Location Electric Dryer Hookup,Gas Dryer Hookup,Inside

Heating Wall Furnace

Cooling Central Air, ENERGY STAR Qualified Equipment, Whole House Fan, Wall/Window Unit(s)

Fireplace No

Appliance Dryer, Washer

Laundry Electric Dryer Hookup, Gas Dryer Hookup, Inside

Exterior

Garage Direct Access, Driveway, Garage, Paved, One Space, On Street

Garage Spaces 5.0

Garage Description 5.0

Fence Average Condition, Brick, Cross Fenced

Pool None

Community Features Dog Park, Foothills, Park, Preserve/Public Land, Street Lights, Suburban, Sidewalks

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Water Available

Accessibility Parking

Parking Type Direct Access, Driveway, Garage, Paved, One Space, On Street

Total Parking Spaces 5

Private Pool No

Building

Lot Description 2-5 Units/Acre, Front Yard, Lawn, Rectangular Lot

Story 1

Entry Level One

Sewer Unknown

Water Other

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 8547003006

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange, Submit

Listing Terms Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange, Submit

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 Alexander Yang • BERKSHIRE HATHAWAY CA PROP
Bought with ANDY AN DUC HUYNH • Pinnacle Real Estate Group

Mike And Mary Jafarkhani

Broker Associate | License ID: 00999447

+1(949) 533-5040

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