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Key Details
Sold Price $940,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID EV23103813
Sold Date 11/03/23
Bedrooms 3
HOA Y/N No
Lot Size 9,000 Sqft
Property Description
Good opportunity for a rehab in a high demand rental area. Units need to be remodeled. They have had plumbing, sewer and gas lines replaced in some units. Owner has raised the rents to $950 for a one bedroom, $1,250 for a two bedroom, but this is still low for the area. There is upside in the rents. Owner will work with buyer to give tenants incentives to have them vacate for rehab work.
Good opportunity for a rehab in a high demand rental area. Units need to be remodeled. They have had plumbing, sewer and gas lines replaced in some units. Owner has raised the rents to $950 for a one bedroom, $1,250 for a two bedroom, but this is still low for the area. There is upside in the rents. Owner will work with buyer to give tenants incentives to have them vacate for rehab work.
Location
State CA
County Los Angeles
Area South El Monte (91733)
Zoning Assessor
Building
Story 1
Lot Size Range 7500-10889 SF
Others
Monthly Total Fees $109
Acceptable Financing Cash, Conventional
Space Rent $950
Listing Terms Cash, Conventional
Financing Cash
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with TYREL SUTHERLAND • KELLER WILLIAMS BBLA