2212 Potrero Ave

    South El Monte, CA 91733
    • $949,500
    • STATUS: Active
    • ON SITE: 21 days
    • ID#: AR19206322
    Price Reduced
    UPDATED: 192 min ago
    $949,500
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,999
      SQFT
    • $475
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1934
    County:

    School Ratings & Info

    Description

    The perfect investment opportunity ideal for either owner-occupied or creating rental income. This property consists of 4 separate units on a 10,696 sqft lot. Each unit has its own separate back yard, assigned parking, and private driveway. Landscape has been converted to water-conserving standards. Front house has been fully remodeled with 3 bedrooms and 1 bath. Upgrades to this unit include new paint, new vinyl flooring, custom kitchen with quartz countertops and brand new stainless steel appliances. The second and third unit consists of 2 bedrooms and 1 bath. The studio with bathroom is located towards the end of the lot. Potential for 6% Cap Rate. Please do not disturb the tenants. Property is shown by appointment only. Rental income has the potential. All information deemed reliable but not guaranteed. Buyer to verify.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T11:42:58.643. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/98457667

    2212 Potrero Ave South El Monte, CA 91733

    • Price: $949,500
    • Status: Active
    • Updated: 192 min ago
    • ID#: AR19206322
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    1,999
    SQFT
    $475
    $/SQFT
    1934
    Built
    Neighborhood:
    657 - So. El Monte
    County:
    Los Angeles
    Area:
    657 - So. El Monte
    Property Description
    The perfect investment opportunity ideal for either owner-occupied or creating rental income. This property consists of 4 separate units on a 10,696 sqft lot. Each unit has its own separate back yard, assigned parking, and private driveway. Landscape has been converted to water-conserving standards. Front house has been fully remodeled with 3 bedrooms and 1 bath. Upgrades to this unit include new paint, new vinyl flooring, custom kitchen with quartz countertops and brand new stainless steel appliances. The second and third unit consists of 2 bedrooms and 1 bath. The studio with bathroom is located towards the end of the lot. Potential for 6% Cap Rate. Please do not disturb the tenants. Property is shown by appointment only. Rental income has the potential. All information deemed reliable but not guaranteed. Buyer to verify.
    Exterior Features

    Garage Spaces 2.00 Lot Features 2-5 Units/AcreFront YardLot 10000-19999 Sqft Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features InsideSee Remarks

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features FoothillsSuburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 50940.00 Gross Scheduled Income 50940.00 Insurance Expense 943.00 Land Lease YN No Laundry YN Yes Net Operating Income 47064.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 3876.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 3876.00 Trash Expense 1776.00 Water Sewer Expense 1157.00 Water Source Public Year Built Source Public Records

    Listing provided courtesy of Joshua Thai of Moon Realty and Ka Leung Tai of Moon Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T11:42:58.643. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604