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1221 S Hacienda Blvd

Hacienda Heights, CA 91745

1 626 427 0786

kris@theapartmentdealer.com

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  3. 29 Units in El Monte

29 Units in El Monte

2629 Gage Ave, El Monte, CA 91733, USA
Sold for$6,800,000$234,483/Per Unit

Description

SELLER STORY

After having owned the property for 3 generations, the decision to sell was made given the challenge of apartment ownership in CA (Rent Control, Tenant Protections, etc.). The seller will go on to complete a 1031-Exchange into a DST investment where they will bypass the Capital Gains Tax, earn monthly cash-flow, and have no management responsibilities.

HOW DID WE DO IT?

  • Kris Represented Both the Seller & Buyer in this Transaction
  • 5,700 – Direct Mailers Sent to Internal Investor Database
  • 6,400 – Emails Directly Sent to Exclusive Buyer List
  • 4,100 – Facebook and Instagram Views
  • 23,150 – Views on Listing Search Sites

PROPERTY HIGHLIGHTS

  • Unit Mix:
    • (1) 2-Bed/1-Bath Cottage &
    • (28) 2-Bed/1.5-Bath Townhouses
  • Majority Two-Story Townhouse-Style Units
  • 8 Individual Structures (1 House, 7 4-Plexes)
  • 24,734 Rental Sq. Ft. | 47,437 Sq. Ft. Lot
  • Copper Plumbing Throughout
  • Ample Carport Parking & Open Space
  • Tenants Enjoy Onsite Laundry Facility & Private Backyards
  • Tenants Pay Electricity & Gas

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Address

Open on Google Maps
  • Address: 2629 Gage Ave
  • City: El Monte
  • State/county: California
  • Zip/Postal Code: 91733
  • Country: United States

Detail

Updated on March 29, 2024 at 11:29 am

  • Price: Sold for $6,800,000
  • Property Size: 24734 SqFt
  • Land Area: 47437 SqFt
  • Year Built: 1937
  • Property Type: Multi Family
  • Property Status: Just Sold, Sold

Additional details

  • # of Units: 29
  • Unit Mix: 1 (2+1 SFR), 28 (2+1.5 TH)
  • Zoning: EMR3YY
  • We Represented: Seller / Buyer
  • Close of Escrow: 03/27/2024

Video

WalkScore

walkscore72 / Very Walkable more details here

Contact info

View my listings
Kristopher German
Kristopher German
(626) 427-0786
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