11100 Lower Azusa Rd, El Monte, CA 91731
Rare Opportunity to own a 5-Unit apartment building located in El Monte, zoned R4. For sale AFTER 20 years! Existing living area is approx. 4,546 sq. ft. on a large 18,820 lot sq. ft. Unit mix 1 x 4 bed 2 bath, 2 x 3 bed 1 bath, and 2 x 1 bed 1 bath residential units. All units are separately metered for both gas and electricity. Tenants are responsible for gas and electricity. Sold AS IS and WHERE IS, with all faults, and without warranty, express or implied, with current tenant(s) in place. Easy access to parks, shopping, dining options, entertainment, and San Gabriel Airport. Excellent opportunity for an experienced investor to acquire a 5-unit apartment with considerable value-add potential.
Highlights:
-5-Unit apartment building located in El Monte, zoned R4
-For sale AFTER 20 years!
-Existing living area is approx. 4,546 sq. ft. on a large 18,820 lot sq. ft.
-All units are separately metered for both gas and electricity.
-Sold AS IS and WHERE IS, with all faults, and without warranty, express or implied, with current tenant(s) in place.
Property Highlights | |
---|---|
Street | 11100 Lower Azusa Rd |
City | El Monte |
State | CA |
Zip | 91731 |
Status | Available |
Property Type | Multi-family |
Asking Price | 1,300,000 |
Year Built | 1962 |
Building Sq Ft | 4,546 |
Number of units | 5 |
CAP Rate | 6.37 |
GRM | 10.08 |
Value per unit | 260,000 |
Value per Square Feet | 285.97 |
Broker Name | Vinny Jain |
Telephone | 3102072288 |
sales@iagpm.com |