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    1/2 BATHS
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    $/SQFT

Listing Details

Status
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MLS #
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Neighborhood
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Type
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Built
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School Ratings & Info

Description

A huge $200,000 price reduction for a quick sale. A fully rented 9-unit residential investment property located in the popular neighborhood of El Monte. Convenient location and easy access to shopping, restaurants, schools. The property had a legal Eight 2 bedrooms + 1 office (currently used it as a bedroom) / 1 bath units with 2 parking spaces each and One 1 bedroom / 1 bath unit with one parking space. The property was completely remodeled from ground up. Features for all these 9 units remodel was done around mid-April 2019 include a new 200 AMP electrical panel, new wiring inside, new copper pipe, new sewer line, new gas line, all new double pane windows, recessed lights in living room, wall air condition in each room and living room, new kitchen cabinet with granite top, new bathroom with shower, new wall furnace, and new tile throughout the unit. Most of the roof shingles are new. Each unit has small area in the back with a laundry hookup outside. New concrete slab was paved on the entire driveway. Cap rate is approx. 5.3%. Great location with very low maintenance and low expenses. Price to sell and don't miss this opportunity.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T15:29:53.277. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
www.sellinglasouthbay.com/homes/116168425
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11323 11327 Schmidt Road El Monte, CA 91733

  • Price: $3,100,000
  • Status: Active
  • Updated: 34 min ago
  • ID#: AR21076359
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Beds
0
Baths
0
½ Baths
0.38
Acres
1959
Built
Neighborhood:
619 - El Monte
County:
Los Angeles
Area:
619 - El Monte
Property Description
A huge $200,000 price reduction for a quick sale. A fully rented 9-unit residential investment property located in the popular neighborhood of El Monte. Convenient location and easy access to shopping, restaurants, schools. The property had a legal Eight 2 bedrooms + 1 office (currently used it as a bedroom) / 1 bath units with 2 parking spaces each and One 1 bedroom / 1 bath unit with one parking space. The property was completely remodeled from ground up. Features for all these 9 units remodel was done around mid-April 2019 include a new 200 AMP electrical panel, new wiring inside, new copper pipe, new sewer line, new gas line, all new double pane windows, recessed lights in living room, wall air condition in each room and living room, new kitchen cabinet with granite top, new bathroom with shower, new wall furnace, and new tile throughout the unit. Most of the roof shingles are new. Each unit has small area in the back with a laundry hookup outside. New concrete slab was paved on the entire driveway. Cap rate is approx. 5.3%. Great location with very low maintenance and low expenses. Price to sell and don't miss this opportunity.
Exterior Features

Carport Spaces 4 Carport YN Yes Construction Materials ConcreteStuccoCopper Plumbing Fencing Chain LinkVinyl Foundation Details Slab Number Of Separate Electric Meters 9 Open Parking Spaces 13 Parking Features Attached CarportAssignedConcreteDriveway Parking Total 17 Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Paved Roof CompositionShingle Spa Features None Spa YN No

Interior Features

Appliances Gas RangeWater Heater Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Tile Heating Wall Furnace Heating YN Yes Interior Features Granite CountersRecessed LightingAll Bedrooms Down Window Features Double Pane Windows

Property Features

Additional Parcels YN Yes Common Interest None Community Features CurbsSuburban Contingency Listing Price is Not Negotiable Electric Electricity - On Property Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 231900 Gross Scheduled Income 231900 Insurance Expense 4756 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupOutside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 600 Net Operating Income 164808 New Construction YN No New Taxes Expense 43000 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Operating Expense 67092 Possession Close Of Escrow Property Condition Building PermitUpdated/Remodeled Rent Control YN No Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 4916 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 3074 Water Source Public Zoning Emr3yy

Listing provided courtesy of Peter Wu of Cbd Investment Inc T.C.


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T15:29:53.277. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
 
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Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
23670 Hawthorne Blvd. #100
Torrance CA, 90505