Property Detail

Description

A solid opportunity to acquire a fully occupied 4 unit property in a strong rental market of in the city of El Monte with NO local rent control. This two story apartment consists of (2) 2 bedroom and (2) 1 bedroom units offering a good unit mix for the area. Plus there’s tons of yard space, a laundry and storage room in the rear, and a wide carport structure for dedicated parking for each unit. The entire property sits on a 6,741sf sized lot with R3 zoning, offering tons of potential for an ADU conversion, create additional parking, and maximize rents in the future. Good Location in El Monte North of the 10 fwy, near San Gabriel Valley Airport, Rosemead, local shops & restaurants. ACTUAL 5.2% CAP RATE 13.3 GRM!