2668 Santa Anita Ave, El Monte, CA 91733

$4,340,000
32
BD
30
BA
14,964
SqFt
Sold Price
$4,340,000
List Price
$4,500,000
Closing Date
Sep 09, 2022
MLS#
22-174245
Status
SOLD
Type
Multifamily
Bedrooms
32
Bathrooms
30
Living Area
14,964

Property Description

We are pleased to present our exclusive listing of 15 Units located on Santa Anita Avenue in the heart of El Monte. The subject property features Oversized 2 and 3 Bedroom Two-Story Townhome Style Apartments and is comprised of (TWO) 3 Bedroom + 1.5 Bathroom Units and (THIRTEEN) 2 Bedroom + 1.5 Bathroom Units. Total rentable square footage of the building is approximately 14,964 sq. ft. (built in 1963) on a large sized lot measuring 24,254 sq. ft. zoned EMR4YY. Tenants enjoy the convenience of on-site laundry room while Landlord enjoys the additional income from the owner-owned laundry machines. This is an excellent investment opportunity that is within walking distance to Garvey Avenue. In this limited market inventory and with a substantial improvement approach, a new investor may bring this value-add potential to its rental upside of +/-42%. This property is a great asset for an exchange purchase or an investor seeking growth & stability in a desirable rental community. Property is located within a short drive to the El Monte Valley Mall & the 10 Freeway. Please Note: Buyer to Assume CHASE Loan (with an Approx. Balance of $2,194,000) at 3.25% Fixed until 11/01/2026. Contact listing agent for more details.

Additional Information

Year Built
1963
Garage
Garage

Mortgage Calculator

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Courtesy of Remax Commercial and Investment Realty, Shant Sherbetdjian. Selling Office: .

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