$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 (626) 823-1821
Property Type
Duplex
Status
Active
MLS Number
WS26100116
Year Built
1950
Lot Size
0.29 acres
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3108 Adelia Ave, El Monte
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