$1,600,000 Price Analysis   ♡   El Monte, CA 91733 12 bed 6 bath 5,102 SqFt ($313/SqFt) 6,367SqFt lot. Built 1958 Listed 2024-03-18, Taxes $9,618 | Ⓧ USDA Ineligible due to price & location near El Monte |
Presenting an excellent investment opportunity in the City of El Monte!
We are proud to offer this exceptionally well-maintained 6 unit building, on the market for the first time in over 30 years. The property management company and ownership takes fantastic care of the property and the tenants themselves demonstrate a strong sense of pride in their homes, resulting in a well-kept and inviting atmosphere throughout the property. A common courtyard wth lots of shade and fruit trees are situated between 11126 and 11122 (also available for sale). Each of the 6 units within the building offers open living quarters. These well-designed apartments consist of 2 bedrooms, 1 bath, a comfortable living room and a dedicated dining area.
The property is equipped with 7 gas meters and 7 electric meters, allowing each unit to manage its own utilities effectively. Parking for 6 cars is also conveniently located behind the building, providing space for tenants and their vehicles. Strategically positioned in a highly desirable location, this property offers proximity to transportation options, schools and various dining establishments. Moreover, its easy access to major freeways, including the 10, 60 and 605, adds tremendous value and convenience for residents. It is worth noting that the current rental rates are below market value and the community laundry room is not being used, representing an exceptional opportunity for increased cash flow. The building is currently 100% occupied, with 5 of 6 tenants who have enjoyed calling this place home for over 15 yeas underscoring the desirability and satisfaction of living in this community.
Presented by Kenneth Ferreira at
Ferreira Realty.
Property MLS #CV24053841 from CRMLS
Heating: Yes
Lot Size Acres: 0.1461662
Lot Size Source: Assessor
Lot Size Square Feet: 6367
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 2171.00
Area: 619 - El Monte
Source Neighborhood: 619 - El Monte
Number of Separate Electric Meters: 7
Number of Separate Gas Meters: 7
Number of Separate Water Meters: 1
Parcel Number: 8105019035
Postal Code Plus 4: 2843
Professional Management Expense: 3525.00
Zoning: EMR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $240,446 + $118,664 $359,110 | $9,618 |
| 2021 | $235,732 + $116,338 $352,070 | $8,721 |
| 2020 | $233,315 + $115,146 $348,461 | $8,504 |
| 2019 | $228,741 + $112,889 $341,630 | $8,459 |
| 2018 | $224,256 + $110,676 $334,932 | $8,011 |
| 2017 | $219,859 + $108,506 $328,365 | $7,752 |
| 2016 | $215,549 + $106,379 $321,928 | $7,395 |
| 2015 | $212,312 + $104,782 $317,094 | $7,286 |
| 2014 | $208,154 + $102,730 $310,884 | $7,160 |
| 2013 | $207,214 + $102,266 $309,480 | $7,169 |
| 2012 | $203,151 + $100,261 $303,412 | $6,951 |
| 2010 | $199,168 + $98,296 $297,464 | $7,024 |
| 2009 | $198,150 + $97,794 $295,944 | $6,932 |
| 2009 | $197,680 + $97,562 $295,242 | $6,932 |
| 2008 | $194,265 + $95,877 $290,142 | $6,596 |
| 2007 | $190,456 + $93,998 $284,454 | $5,893 |
$1,600,000
CRMLS
Sold 1998-01-02
$125,000
Public Record
Sold 1985-09-09
$69,000
Public Record
Year Built: 1958
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 66
Property Attached: Yes
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Public Records
Sewer: Sewer: Public Sewer, Water Sewer Expense: 8353.00
Electricity Connected
Natural Gas Connected
Phone Connected
Sewer Connected
Water Connected
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.