El Monte, CA 91731,4103 Rowland Avenue
El Monte, CA 91731,4103 Rowland Avenue
El Monte, CA 91731,4103 Rowland Avenue
El Monte, CA 91731,4103 Rowland Avenue
El Monte, CA 91731,4103 Rowland Avenue
El Monte, CA 91731,4103 Rowland Avenue
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$1,930,000

$1,825,000

5.8%
Est.Price: ?

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Est. payment /mo

9 Beds

4 Baths

0.52 Acres Lot


SOLD DATE : 07/27/2022

Key Details

Sold Price $1,930,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV22086103

Sold Date 07/27/22

Bedrooms 9

HOA Y/N No

Lot Size 0.515 Acres

Property Description

We are pleased to exclusively offer for sale this 6 unit multi-family investment located in the desirable rental community of El Monte. The subject property is comprised of all single story constructed units; 4 detached cottage style units and a duplex style structure. The unit mix consists of 2(3Bed/1Bath)s & 4(2Bed/1Bath)s for a total rentable square footage of 5,963 SqFt. The lot is a good size measuring 22,452 SqFt. Tenants enjoy private laundry hookups as well as onsite open space parking. The property has been under the current ownership for some time with the rental rates being kept well below market level. A new investor can take advantage of a potential 28% upside in rental income with the right tenant improvements. The San Gabriel Valley has recently experienced tremendous growth in market rental rates as tenants continue to move east of the greater Los Angeles area.
We are pleased to exclusively offer for sale this 6 unit multi-family investment located in the desirable rental community of El Monte. The subject property is comprised of all single story constructed units; 4 detached cottage style units and a duplex style structure. The unit mix consists of 2(3Bed/1Bath)s & 4(2Bed/1Bath)s for a total rentable square footage of 5,963 SqFt. The lot is a good size measuring 22,452 SqFt. Tenants enjoy private laundry hookups as well as onsite open space parking. The property has been under the current ownership for some time with the rental rates being kept well below market level. A new investor can take advantage of a potential 28% upside in rental income with the right tenant improvements. The San Gabriel Valley has recently experienced tremendous growth in market rental rates as tenants continue to move east of the greater Los Angeles area.

Location

State CA

County Los Angeles

Area El Monte (91731)

Zoning Assessor

Building

Lot Description Curbs, Sidewalks

Story 1

Level or Stories 1 Story

Others

Acceptable Financing Cash

Space Rent $1,700

Listing Terms Cash

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by KRISTOPHER GERMAN • RE/MAX 2000 REALTY
Bought with YUAN CHEN • Pinnacle Real Estate Group
agent-avatar

+1(858) 414-1153

robyn@robynflint.com

Scripps Ranch, 92131, United States

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