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Listed by Kristopher German • RE/MAX 2000 REALTY
$ 1,395,000
Est. payment /mo
Pending
11106 Klingerman Street El Monte, CA 91733
5,200 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 5,200 sqft
Price per Sqft $268
MLS Listing ID CV-25178491
Year Built 1957
Lot Size 6,705 Sqft
Property Sub-Type Apartment
Property Description
Outstanding investment opportunity in the heart of the strong San Gabriel Valley rental market! This multi-family property offers all spacious 2-Bed/1-Bath units totaling 5,200 rentable square feet on a 6,705 square foot lot. With no local city rent control and a 30% upside in rental income, there's tremendous potential to boost cash-flow and long-term value. Tenants enjoy desirable amenities including gated private parking, interior laundry hookups, and copper plumbing throughout. At an attractive price of only $232,000 per unit, the property is positioned to deliver strong returns with a current CAP Rate of 5.56% & GRM of 11.87...and it only gets better from there. Seller is motivated and priced to sell—don't miss this rare chance to acquire a quality asset in one of Southern California's most sought-after rental markets!
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR3*
Interior
Fireplaces Type None
Laundry Gas & Electric Dryer Hookup
Exterior
Parking Features Assigned, Carport
Pool None
Community Features Sidewalks
Utilities Available Sewer Available, Water Available, Electricity Available, Natural Gas Available
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944