We are pleased to offer for sale this 12 unit multi-family investment located in the city of South El Monte. The subject property was constructed in 1987 and consists of ALL 2Bed/2Bath units. The rental units are good sized and the total lot size is 21,213 SqFt. Tenants enjoy private patios, two assigned parking spaces per unit (1 garage space as well as 1 open space/car-port), and an onsite laundry facility (currently not in use). Tenants pay for electricity and gas while the owner pays for water and trash. This property is a great opportunity for the savvy investor looking for a newer constructed building, priced well for the marketplace, and located in the highly sought after San Gabriel Valley. With a minimum of 37% upside in market rental income, a new investor can take advantage of a substantial repositioning opportunity that, once repositioned, will provide great cash-flow and appreciation for years to come.
We are pleased to offer for sale this 12 unit multi-family investment located in the city of South El Monte. The subject property was constructed in 1987 and consists of ALL 2Bed/2Bath units. The rental units are good sized and the total lot size is 21,213 SqFt. Tenants enjoy private patios, two assigned parking spaces per unit (1 garage space as well as 1 open space/car-port), and an onsite laundry facility (currently not in use). Tenants pay for electricity and gas while the owner pays for water and trash. This property is a great opportunity for the savvy investor looking for a newer constructed building, priced well for the marketplace, and located in the highly sought after San Gabriel Valley. With a minimum of 37% upside in market rental income, a new investor can take advantage of a substantial repositioning opportunity that, once repositioned, will provide great cash-flow and appreciation for years to come.