2629 Gage Av,
El Monte, CA 91733
已成交 成交價: $680萬 成交日期: 2024年03月27日
卧室: -- 浴室: -- / 其他類型
房屋信息

其他類型

47437 平方英呎
(4,407平方米)

1937 年

2

48 停車位

地產編號: CV24042328
所處郡縣: LA
面積單價:$274.93/sq.ft ($2,959 / 平方米)
房屋簡介

We are pleased to exclusively offer for sale this multi-family investment opportunity in the vibrant city of El Monte. This newly listed property features a collection of 29 units, showcasing true pride of ownership. The subject property predominantly consists of two-story townhouse-style units (28 Units), complemented by a quaint 2-Bedroom/1-Bathroom cottage, all extremely spacious in size. Occupying an oversized lot of 47,437 square feet, the property offers an expansive 24,734 square feet of rental space, designed to cater to the modern tenant's needs. The entire property benefits from copper plumbing, ensuring durability and reducing maintenance concerns. Ample car-port parking and generous open spaces address the practical needs of residents, while the onsite laundry facility and private backyards in each unit add a touch of convenience and privacy to their living experience. Tenants are responsible for their own electricity and gas, allowing for easier management of utilities. Currently offered at 13 GRM and a 4.72% CAP Rate, a standout feature of this investment is the significant potential for a 40% increase in rental income, with all units currently poised for a rental adjustment (April 2024.) This opportunity is further enhanced by attractive private seller financing terms; 35% Down Payment, 6.5% Interest-Only Payments, Due in 10 years. This investment offers not only a stable income stream but also a considerable upside in rental income, making it an ideal choice for discerning investors seeking growth and sustainability in their portfolio.

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