$1,580,000
$1,698,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
0.45 Acres Lot
SOLD DATE : 11/18/2022
Key Details
Sold Price $1,580,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR22172610
Sold Date 11/18/22
HOA Y/N No
Lot Size 0.454 Acres
Property Description
***EXCELLENT INVESTOR OPPORTUNITY *** Commercial-Residential Mixed Use Property in the City Of El Monte, centrally located with easy access to two retail street front well established businesses, Oasis Saloon and Bike Revolution Bike Store. High Traffic visibility with 70ft retail frontage on Peck Rd. In addition to the Commercial Lease Income there are 3-Residential units, 1-2 bedroom-1 bath unit & 2-1 bedroom-1 bath units, each unit has a detached garage. All residential units are stand alone buildings currently occupied with Below Market Month to Month agreements. The property offers separate parking for both the retail and residential. Current Gross Scheduled Annual Income is $124,000 with upside potential.
***EXCELLENT INVESTOR OPPORTUNITY *** Commercial-Residential Mixed Use Property in the City Of El Monte, centrally located with easy access to two retail street front well established businesses, Oasis Saloon and Bike Revolution Bike Store. High Traffic visibility with 70ft retail frontage on Peck Rd. In addition to the Commercial Lease Income there are 3-Residential units, 1-2 bedroom-1 bath unit & 2-1 bedroom-1 bath units, each unit has a detached garage. All residential units are stand alone buildings currently occupied with Below Market Month to Month agreements. The property offers separate parking for both the retail and residential. Current Gross Scheduled Annual Income is $124,000 with upside potential.
Location
State CA
County Los Angeles
Area El Monte (91732)
Zoning Assessor
Building
Lot Description Sidewalks
Story 1
Others
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Financing Cash
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Bought with Johnny Lam • Treeline Realty & Investment