$1,080,000
This is a highly promising investment property in R3 land. Currently, there are two units with long-term, stable, and high-quality tenants: a convenience store rents for $2835 and a residential unit for $1500. Next to it is approximately 7000 sq ft of land suitable for residential development (2800 sq ft) and an ADU (Advanced Development Unit) of 800 sq ft. The existing storefront will remain unchanged, while the residential unit can be enlarged. A designer has been commissioned, and initial design drafts are available. It's close to schools and shopping malls. The city also allows daycare services in this area. In Los Angeles' booming rental market, this is a rare and excellent investment opportunity – don't miss it!
Listed by HSIU CHEN with HARVEST REALTY DEVELOPMENT
MLS Property Type
Residential Income
Property Subtype
Duplex
Status
Active
MLS Number
WS26100116
Year Built
1950
Building Size
1,872 sq ft
Units
2
Lot Size
0.29 acres
Click to interact with map
Photo coming soon
3108 Adelia Ave, El Monte
Listed by HSIU CHEN with HARVEST REALTY DEVELOPMENT
Photo coming soon
11672 Ranchito St, El Monte
Listed by Christian Garcia with Big Block Powerhouse Realty
Photo coming soon
10711 Brockway, El Monte
Listed by Jason Jiang with Universal Elite Inc.
Photo coming soon
9813 Cortada St, El Monte
Listed by Veronica Navarro with Veronica Navarro, Broker
Photo coming soon
2563 Sastre Ave, El Monte
Listed by JOHN NGUYEN with REAL ESTATE EBROKER INC.
Photo coming soon
4308 Fandon, El Monte
Listed by Luis Juarez with Century 21 Jervis & Associates
Photo coming soon
4266 Arden Dr., El Monte
Listed by Chia Chang with RE/MAX Galaxy
Photo coming soon
3128 Mountain View Rd, El Monte
Listed by Jake Ison with Rise Realty
