$3,200,000
$3,350,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
2528 Edwards AVE South El Monte, CA 91733
8,856 SqFt
Key Details
Sold Price $3,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,856 sqft
Price per Sqft $361
MLS Listing ID CV22190701
Sold Date 10/07/22
HOA Y/N No
Year Built 1987
Lot Size 0.487 Acres
Property Description
We are pleased to offer for sale this 12 unit multi-family investment located in the city of South El Monte. The subject property was constructed in 1987 and consists of ALL 2Bed/2Bath units. The rental units are good sized and the total lot size is 21,213 SqFt. Tenants enjoy private patios, two assigned parking spaces per unit (1 garage space as well as 1 open space/car-port), and an onsite laundry facility (currently not in use). Tenants pay for electricity and gas while the owner pays for water and trash. This property is a great opportunity for the savvy investor looking for a newer constructed building, priced well for the marketplace, and located in the highly sought after San Gabriel Valley. With a minimum of 37% upside in market rental income, a new investor can take advantage of a substantial repositioning opportunity that, once repositioned, will provide great cash-flow and appreciation for years to come.
Location
State CA
County Los Angeles
Area 657 - So. El Monte
Zoning SER3*
Rooms
Ensuite Laundry Common Area, Inside
Interior
Laundry Location Common Area,Inside
Fireplace No
Laundry Common Area, Inside
Exterior
Garage Spaces 12.0
Carport Spaces 3
Garage Description 12.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 27
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8103024042
Energy Description 6600.0
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 KRISTOPHER GERMAN • RE/MAX 2000 REALTY