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3829 Penn Mar Avenue

El Monte, CA 91732
  • $1,800,000
  • STATUS: CONTINGENT
  • ON SITE: 79 Days
  • ID#: CV21173663
Under Contract
UPDATED: 70 min ago
$1,800,000
  • 7
    BEDS
  • 0.54
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

This is a Great investment property! 5 single story houses sitting on a huge 23,335 Sq. Ft. flat lot in the very desirable neighborhood of El Monte. Located across Zamora Park. Each house has its own front and back yard and is individually metered for electricity and gas. Unit # 3829 (2 Bed/2 Bath), Unit # 3829 1/2 ( 2 Bed/1 Bath, has its own garage), Unit # 3831 ( 3Bed/2 Bath, has its own attached garage), Unit # 3833 (3 Bed/2 Bath) and Unit # 3835 ( 2 Bed/1 Bath, has its own garage). There is also a storage building on the property. Plenty of open parking spaces. Current Zoning is R3 with a use code for Apartment. A great future redevelopment opportunity, including ADUs. Easy access to the 60, 10, and 605 freeways. Very low maintenance, along with excellent long-term paying tenants. Always at a 100% Occupancy Rate. Low GRM of 16.54. Please do not disturb the tenants. This is a Great investment property! 5 single story houses sitting on a huge 23,335 Sq. Ft. flat lot in the very desirable neighborhood of El Monte. Located across Zamora Park. Each house has its own front and back yard and is individually metered for electricity and gas. Unit # 3829 (2 Bed/2 Bath), Unit # 3829 1/2 ( 2 Bed/1 Bath, has its own garage), Unit # 3831 ( 3Bed/2 Bath, has its own attached garage), Unit # 3833 (3 Bed/2 Bath) and Unit # 3835 ( 2 Bed/1 Bath, has its own garage). There is also a storage building on the property. Plenty of open parking spaces. Current Zoning is R3 with a use code for Apartment. A great future redevelopment opportunity, including ADUs. Easy access to the 60, 10, and 605 freeways. Very low maintenance, along with excellent long-term paying tenants. Always at a 100% Occupancy Rate. Low GRM of 16.54. Please do not disturb the tenants.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.solisteamrealty.com/homes/120180219
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3829 Penn Mar Avenue El Monte, CA 91732

  • Price: $1,800,000
  • Status: CONTINGENT
  • Updated: 70 min ago
  • ID#: CV21173663
7
Beds
0
Baths
0
½ Baths
0.54
Acres
Neighborhood:
El Monte (91732)
County:
Los Angeles
Area:
El Monte (91732)
Property Description
This is a Great investment property! 5 single story houses sitting on a huge 23,335 Sq. Ft. flat lot in the very desirable neighborhood of El Monte. Located across Zamora Park. Each house has its own front and back yard and is individually metered for electricity and gas. Unit # 3829 (2 Bed/2 Bath), Unit # 3829 1/2 ( 2 Bed/1 Bath, has its own garage), Unit # 3831 ( 3Bed/2 Bath, has its own attached garage), Unit # 3833 (3 Bed/2 Bath) and Unit # 3835 ( 2 Bed/1 Bath, has its own garage). There is also a storage building on the property. Plenty of open parking spaces. Current Zoning is R3 with a use code for Apartment. A great future redevelopment opportunity, including ADUs. Easy access to the 60, 10, and 605 freeways. Very low maintenance, along with excellent long-term paying tenants. Always at a 100% Occupancy Rate. Low GRM of 16.54. Please do not disturb the tenants. This is a Great investment property! 5 single story houses sitting on a huge 23,335 Sq. Ft. flat lot in the very desirable neighborhood of El Monte. Located across Zamora Park. Each house has its own front and back yard and is individually metered for electricity and gas. Unit # 3829 (2 Bed/2 Bath), Unit # 3829 1/2 ( 2 Bed/1 Bath, has its own garage), Unit # 3831 ( 3Bed/2 Bath, has its own attached garage), Unit # 3833 (3 Bed/2 Bath) and Unit # 3835 ( 2 Bed/1 Bath, has its own garage). There is also a storage building on the property. Plenty of open parking spaces. Current Zoning is R3 with a use code for Apartment. A great future redevelopment opportunity, including ADUs. Easy access to the 60, 10, and 605 freeways. Very low maintenance, along with excellent long-term paying tenants. Always at a 100% Occupancy Rate. Low GRM of 16.54. Please do not disturb the tenants.
Exterior Features

Pool N/K

Interior Features

Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 1

Property Features

Actual Cap Rate 4.08 Annual Expense Actual 35354 Buildings 5 Gross Rent Multiplier Actual 16.54 Gross Scheduled Income Actual 109940 Home Owners Fees 0.0 Terms Exchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 4020.0 Unit2 Rent Actual 1650.0 Unit3 Rent Actual 3400.0 Zoning Assessor

Listing provided courtesy of Century 21 Masters. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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