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    3420 Santa Anita Avenue

    El Monte, CA 91731
    • $4,550,000
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: SR21144335
    UPDATED: 31 min ago
    $4,550,000
    • 0
      BEDS
    • 0.58
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    We are pleased to present the Santa Anita Garden apartments exclusively for sale. 18 units delivering a going in cap rate of 4.8% with 17% upside in rents. During the pandemic, El Monte rents actually grew while many other cities saw spikes in vacancy and drop in asking rents, per Costar. Alongside the BILLION Dollar Investment initiative of El Monte, the affordability vs other surrounding areas proves to be a strong investment foothold for landlords. El Monte's new state of the art bus station facility sees 40,000 passengers making it the largest bus station west of Chicago, and with the Metro very close, tenants can truly be non-reliant on automobile ownership and expenditures. Situated on over half acre of land, individual hot water heaters, good walkability and growing community. ** For offering memorandum or questions about this opportunity, contact listing agent ***

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T19:26:05.713. 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/118946691
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    3420 Santa Anita Avenue El Monte, CA 91731

    • Price: $4,550,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: SR21144335
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.58
    Acres
    1948
    Built
    Neighborhood:
    619 - El Monte
    County:
    Los Angeles
    Area:
    619 - El Monte
    Property Description
    We are pleased to present the Santa Anita Garden apartments exclusively for sale. 18 units delivering a going in cap rate of 4.8% with 17% upside in rents. During the pandemic, El Monte rents actually grew while many other cities saw spikes in vacancy and drop in asking rents, per Costar. Alongside the BILLION Dollar Investment initiative of El Monte, the affordability vs other surrounding areas proves to be a strong investment foothold for landlords. El Monte's new state of the art bus station facility sees 40,000 passengers making it the largest bus station west of Chicago, and with the Metro very close, tenants can truly be non-reliant on automobile ownership and expenditures. Situated on over half acre of land, individual hot water heaters, good walkability and growing community. ** For offering memorandum or questions about this opportunity, contact listing agent ***
    Exterior Features

    Lot Features 16-20 Units/Acre Number Of Separate Electric Meters 19 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 1 Common Wall

    Property Features

    Additional Parcels YN No Cap Rate 4.72 Common Interest None Community Features Biking Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 309648 Gross Scheduled Income 309648 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New LoanConventional1031 Exchange Net Operating Income 214607 New Construction YN No Number Of Separate Gas Meters 19 Number Of Separate Water Meters 1 Operating Expense 88848 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Emr4yy

    Listing provided courtesy of Levon Alexanian of Keller Williams World Media Center


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T19:26:05.713. 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