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Key Details
Sold Price $3,650,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR23195212
Sold Date 02/14/24
Bedrooms 12
HOA Y/N No
Lot Size 0.554 Acres
Property Description
This is a rare opportunity to own this 9-unit townhouse-style condominium complex and is hitting the market for the first time since 1987. It's located in a highly convenient area near the Garvey Ave corridor and Santa Anita Ave, offering easy access to the 10 freeway. The property sits on a generous 24,144 square foot lot, providing ample parking and the potential for expansion with ADU units. Each unit is equipped with attractive amenities, including attached 2-car garages, private fenced yard spaces, washer and dryer hookups, central air conditioning, and spacious living areas with 3 bedrooms and 2 bathrooms, encompassing approximately 1,100 square feet. There is a significant value-add potential, making this an enticing prospect for real estate investors. The property is currently fully occupied, making it a lucrative investment opportunity.
This is a rare opportunity to own this 9-unit townhouse-style condominium complex and is hitting the market for the first time since 1987. It's located in a highly convenient area near the Garvey Ave corridor and Santa Anita Ave, offering easy access to the 10 freeway. The property sits on a generous 24,144 square foot lot, providing ample parking and the potential for expansion with ADU units. Each unit is equipped with attractive amenities, including attached 2-car garages, private fenced yard spaces, washer and dryer hookups, central air conditioning, and spacious living areas with 3 bedrooms and 2 bathrooms, encompassing approximately 1,100 square feet. There is a significant value-add potential, making this an enticing prospect for real estate investors. The property is currently fully occupied, making it a lucrative investment opportunity.
Location
State CA
County Los Angeles
Area South El Monte (91733)
Zoning Assessor
Interior
Cooling Central Forced Air
Building
Lot Description Curbs
Story 2
Level or Stories 2 Story
Others
Monthly Total Fees $254
Acceptable Financing Cash
Space Rent $2,100
Listing Terms Cash
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Bought with WEN LUO • KINGSTON REALTY