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Jerrod Waller

jwaller@sdrealtyco.com +1(858) 822-8634

$1,700,000

Est. payment - /mo

4 Beds

4 Baths

0.4 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID CV24100253

Bedrooms 4

Lot Size 0.402 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

We would like to present 10808 Elliott Avenue, a 7-unit property located in a prime area of El Monte, free from rent control constraints providing maximum allowable rent increases under California AB1482. Current rents are significantly below market with a 3.64 CAP RATE. Increasing rents to market rates shows a PROFORMA 6.54 CAP RATE! The units consist of 4 one story buildings with concrete driveway that allows parking for 16 cars. Six 1 bedroom 1 bathroom units and One 2 bedroom, 1 bathroom stand alone unit. Possible room for ADU (check with city) Most of the roofs have recently been replaced along with other upgrades. The units are 100% occupied. Each unit has individual metering for gas and electricity. The location offers various conveniences to diverse tenant demographics along with convenient transportation routes to 10, 605 and 60 freeways, three elementary schools, El Monte High School, Aquatic Center, Court House and Civic Center, Social Security Administration and Rio Hondo College. El Monte allows easy routes and transportation to DTLA a major employment capital via the EL MONTE TRANSIT CENTER and Fastrak Toll Road. The propertys central location offers access to a variety of attractions offered by Los Angeles County, Orange County and the Inland Empire.

Location

State CA

County Los Angeles

Zoning Assessor

Direction E of Santa Anita So. of Garvey

Interior

Fireplace No

Exterior

Utilities Available Sewer Connected

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 8104018020

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

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Listed by Albert Rodriguez, DRE#01250095 CENTURY 21 CITRUS REALTY INC

NEARBY SCHOOL & BUSINESS

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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10808 Elliott Avenue South El Monte, CA 91733