$1,200,000
Location, Location, Location! Investment Opportunity in El Monte. This fully operated property features five units, each consisting of two bedrooms and one bathroom. The building is equipped with five separate electric and gas meters and one common water meter. Additional features include a wrap-around side yard and six carport spaces. Notably, the property is not subject to rent control, providing significant flexibility to strategically adjust rents, enhance interiors, or add modern amenities to maximize your return on investment. The property has been well-maintained with a recently painted exterior. While it is currently occupied by reliable, long-term tenants, one unit is intentionally vacant and has been fully remodeled. Furthermore, there is excellent potential to construct an Accessory Dwelling Unit (ADU) above the carport to generate additional rental income.
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Listed by John Tran with NextGen Team Realty (714) 726-0875
Property Type
Apartment
Status
Active
MLS Number
OC26077340
Year Built
1957
Lot Size
6,569 sq ft