We are pleased to offer for sale this 5 (+1 non-conforming) unit investment property in the city of El Monte. The property is comprised of 4 single story detached units; main house (originally 4 bedroom/2 bathroom) which has it’s own front yard and garage parking, and 3 (1-Bedroom/1-Bathroom) cottages which each have individual front/backyard & 1 car garage. The fifth unit is a 2 Bedroom/1 Bathroom unit which is situated above the 4 car garages. The total lot size is 22,384 SqFt with plenty of open space for tenant enjoyment. The rear unit and three 1-Bedroom cottages are separately metered for electricity and gas. (Front house has been divided into 2 units: 2 Bed/1 Bath $1,300 & 1 Bed/1 Bath $900. This unit has 1 electric meter and 1 gas meter). For a new investor this property offers a substantial 28% upside in rental income and a 5.88% Market Cap Rate!
Updated on April 24, 2019 at 9:32 am