4013 Eunice Avenue, El Monte, CA 91731

$950,000
Sold Price
$950,000
List Price
$950,000
Closing Date
Sep 07, 2022
MLS#
CV22135839
Status
SOLD
Type
Multifamily

Property Description

We are pleased to offer for sale this 5 unit multi-family property in the city of El Monte. The subject property is comprised of 5 units spread across 3 separate structures. The front structure is a single story duplex that offers 2(1Bed/1Bath) units. The second structure is a two-story building with 2(1bed/1bath) units situated above four 1-car garages. The last structure is a single story 1Bed/1Bath unit. All units are separately metered for electricity and gas while the owner pays for water and trash. The current owner has held the property for a number of years and kept the rental rates well below market. With a substantial improvement approach, a new investor can reposition the subject property to earn nearly a 9% cash-on-cash return. This property can be purchased independently or in conjunction with the 2 unit duplex property (MLS#CV22135823) that shares the common driveway. There is also a 3rd contiguous parcel for sale as well (MLS#CV22135853) All combined the 3 properties offer 8 units and a total lot size of 20,682 Zoned R4.

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Courtesy of RE/MAX 2000 REALTY, KRISTOPHER GERMAN. Selling Office: TANDEM REAL ESTATE. INC..