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790 Ferrari Ln

Ontario, CA 91764

1 909 294 2593

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5 Units in El Monte

11631 Magnolia St, El Monte, CA 91732, USA
Sold For$1,280,000$235,000/Per Unit

Description

Property Description

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!

  • All Single-Level Units on 22,284 Sq. Ft. Lot!
  • 5 Single-Level Units & 1 Non-Conforming Unit
  • Unit Mix: 1 (2-Bed/1-Bath SFR), 3 (1-Bed/1-Bath SFRs), 1 (2-Bed/1-Bath), 1 (1-Bed/1-Bath NC)
  • HUGE 22,384 Sq. Ft. Lot
  • Tenants Enjoy Onsite Garage & Open Space Parking
  • Prime San Gabriel Valley Location
  • 5.8% Market CAP Rate
  • Address: 11631 Magnolia St
  • City: El Monte
  • State/county: California
  • Zip/Postal Code: 91732
  • Country: United States

Detail

Updated on April 24, 2019 at 9:32 am

  • Price: Sold For $1,280,000
  • Property Size: 4424 SqFt
  • Land Area: 22384 SqFt
  • Year Built: 1941
  • Property Type: Multi Family
  • Property Status: Sold

Additional details

  • # of Units: 5
  • Unit Mix: 1 (2-Bed/1-Bath SFR), 3 (1-Bed/1-Bath SFRs), 1 (2-Bed/1-Bath), 1 (1-Bed/1-Bath NC)
  • Zoning: EMR3YY
  • We Represented: Seller
  • Close of Escrow: 04/24/2019

WalkScore

walkscore77 / Very Walkable more details here

Contact info

Kristopher German
Kristopher German
(909) 294-2593(909) 645-0443
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