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$ 1,700,000
Est. payment | /mo
4 Beds
4 Baths
$ 1,700,000
Est. payment | /mo
4 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CV24100253
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
We would like to present 10808 Elliott Avenue, a 7-unit property located in a prime area of El Monte, free from rent control constraints providing maximum allowable rent increases under California AB1482. Current rents are significantly below market with a 3.64 CAP RATE. Increasing rents to market rates shows a PROFORMA 6.54 CAP RATE! The units consist of 4 one story buildings with concrete driveway that allows parking for 16 cars. Six 1 bedroom 1 bathroom units and One 2 bedroom, 1 bathroom stand alone unit. Possible room for ADU (check with city) Most of the roofs have recently been replaced along with other upgrades. The units are 100% occupied. Each unit has individual metering for gas and electricity. The location offers various conveniences to diverse tenant demographics along with convenient transportation routes to 10, 605 and 60 freeways, three elementary schools, El Monte High School, Aquatic Center, Court House and Civic Center, Social Security Administration and Rio Hondo College. El Monte allows easy routes and transportation to DTLA a major employment capital via the EL MONTE TRANSIT CENTER and Fastrak Toll Road. The propertys central location offers access to a variety of attractions offered by Los Angeles County, Orange County and the Inland Empire.
Location
State CA
County Los Angeles
Zoning Assessor
Direction E of Santa Anita So. of Garvey
Interior
Fireplace No
Exterior
Utilities Available Sewer Connected
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 8104018020
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Albert Rodriguez, DRE#01250095 CENTURY 21 CITRUS REALTY INC
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