El Monte, CA 91732,12127 Roseglen Street
El Monte, CA 91732,12127 Roseglen Street
El Monte, CA 91732,12127 Roseglen Street
$2,030,000
Est. payment /mo
$1,925,000
5.5%
Est.Price: ?

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10 Beds
5 Baths
0.94 Acres Lot
SOLD DATE : 02/01/2024

Key Details

Sold Price $2,030,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24011753

Sold Date 02/01/24

Bedrooms 10

HOA Y/N No

Lot Size 0.937 Acres

Property Description

We are pleased to offer for sale a rare investment opportunity in the highly sought after rental community of the city of El Monte: a collection of 6 detached, cottage-style units, on the market for the first time since their initial construction. This unique property spans a vast 40,832 square foot lot (nearly an acre) and offers a substantial rental space of 5,744 square feet. The subject property offers a favorable unit mix that includes; 1(3 Bed/2 Bath), 2(3Bed/1Bath), and 3(2 Bed/1Bath). Tenants are responsible for all utilities, including water (separate meters all units). This aspect significantly reduces operating expenses for the owner, enhancing the investment's appeal. The property is also designed to attract and retain tenants with its ample open spaces, convenient onsite parking, and the coveted amenity of washer/dryer hookups in some units. Furthermore, each unit boasts its own front yard and backyard, offering a sense of privacy and community living. With the immense potential of 37% upside in rental income, and no local city rent control in place, a new owner can take advantage of the repositioning opportunity this investment offers.
We are pleased to offer for sale a rare investment opportunity in the highly sought after rental community of the city of El Monte: a collection of 6 detached, cottage-style units, on the market for the first time since their initial construction. This unique property spans a vast 40,832 square foot lot (nearly an acre) and offers a substantial rental space of 5,744 square feet. The subject property offers a favorable unit mix that includes; 1(3 Bed/2 Bath), 2(3Bed/1Bath), and 3(2 Bed/1Bath). Tenants are responsible for all utilities, including water (separate meters all units). This aspect significantly reduces operating expenses for the owner, enhancing the investment's appeal. The property is also designed to attract and retain tenants with its ample open spaces, convenient onsite parking, and the coveted amenity of washer/dryer hookups in some units. Furthermore, each unit boasts its own front yard and backyard, offering a sense of privacy and community living. With the immense potential of 37% upside in rental income, and no local city rent control in place, a new owner can take advantage of the repositioning opportunity this investment offers.

Location

State CA

County Los Angeles

Area El Monte (91732)

Zoning Assessor

Building

Lot Description Curbs, Sidewalks

Story 1

Level or Stories 1 Story

Others

Monthly Total Fees $166

Acceptable Financing Cash

Space Rent $2,063

Listing Terms Cash

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by Kristopher German • RE/MAX 2000 REALTY
Bought with Kristopher German • RE/MAX 2000 REALTY
agent-avatar

+1(858) 753-3353

kobezimmerman@bhhscalifornia.com

955 Orange Ave, Coronado, CA, 92118

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