El Monte, CA 91732,3438 Gilman Road
El Monte, CA 91732,3438 Gilman Road
El Monte, CA 91732,3438 Gilman Road
El Monte, CA 91732,3438 Gilman Road
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$915,000

$950,000

3.7%
Est.Price: ?

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Est. payment /mo

5 Beds

4 Baths

5,300 Sqft Lot


SOLD DATE : 07/03/2024

Key Details

Sold Price $915,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24015480

Sold Date 07/03/24

Bedrooms 5

HOA Y/N No

Lot Size 5,300 Sqft

Property Description

JUST REDUCED! We are pleased to present a 4-Unit multi-family investment opportunity in the prime area of North El Monte. This fourplex features (1) 2-Bed/1-Bath unit, and (3) 1-Bed/1-Bath units. Tenants have access to on-site carport parking and yard space. Each unit is separately metered for gas and electricity. This property offers a substantial 45% potential upside in rental income, making it an attractive prospect for maximizing return on investment. Moreover, the property enjoys the advantage of no local city rent control, giving you the flexibility to reposition tenants with a "substantial remodel" approach in an effort to obtain competitive rental rates, and optimize your investment strategy. One unit to be delivered vacant at the close of escrow.
JUST REDUCED! We are pleased to present a 4-Unit multi-family investment opportunity in the prime area of North El Monte. This fourplex features (1) 2-Bed/1-Bath unit, and (3) 1-Bed/1-Bath units. Tenants have access to on-site carport parking and yard space. Each unit is separately metered for gas and electricity. This property offers a substantial 45% potential upside in rental income, making it an attractive prospect for maximizing return on investment. Moreover, the property enjoys the advantage of no local city rent control, giving you the flexibility to reposition tenants with a "substantial remodel" approach in an effort to obtain competitive rental rates, and optimize your investment strategy. One unit to be delivered vacant at the close of escrow.

Location

State CA

County Los Angeles

Area El Monte (91732)

Zoning Assessor

Building

Lot Description Curbs, Sidewalks

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Monthly Total Fees $83

Acceptable Financing Cash

Space Rent $1,475

Listing Terms Cash

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San Diego Regional MLS (SDMLS)
Listed by Kristopher German • RE/MAX 2000 REALTY
Bought with Kelly Ngo • MARY JANE BROSOWSKE, BROKER
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