MarketPier

5353 La Madera Avenue - El Monte, CA 91732

$988,888
Listing Description

Three individual houses on one lot, wonderful investment opportunity in El Monte. One of the 2 bedroom units has just been upgraded and is ready for a tenant, this unit has it's own one car garage. The 3 bedroom unit also received several upgrades prior to the current tenant moving in and has a two car detached garage and a fenced in yard area. The second 2 bedroom unit the tenants have been renting the home for 20+ years and the rents are substantially below market for the area. Income calculations are based on the newly renovated unit being occupied.

Listing Information
MLS Number
CV19113109
APN/Parcel ID
8541009036
Type
Multifamily
Sub Type
Multifamily
Building Size
2,709 sqft
Lot Size
14,618 sqft
Price / SQFT
$365
No Units
3
Price / Unit
$329,629
Gross Scheduled Income
$59,400
Expenses
$15,448
Total Expenses
$15,448
Net Income
$43,952
Listing Date
5/15/2019
Days Active
3
Last Updated
5/19/2019
Listing Provided By
THOMAS GIBSON
THE WRIGHT ASSOCIATED COMPANY
BRE# 01319085

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