El Monte, CA 91732,12127 Roseglen ST
El Monte, CA 91732,12127 Roseglen ST
El Monte, CA 91732,12127 Roseglen ST
14
$2,030,000
$1,925,000
5.5%
Est.Price: ?

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0.94 Acres Lot

12127 Roseglen ST El Monte, CA 91732

Est. payment /mo
SOLD DATE : 02/01/2024

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Key Details

Sold Price $2,030,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRCV24011753

Sold Date 02/01/24

Originating Board California Regional MLS

Year Built 1956

Lot Size 0.937 Acres

Property Description

We are pleased to offer for sale a rare investment opportunity in the highly sought after rental community of the city of El Monte: a collection of 6 detached, cottage-style units, on the market for the first time since their initial construction. This unique property spans a vast 40,832 square foot lot (nearly an acre) and offers a substantial rental space of 5,744 square feet. The subject property offers a favorable unit mix that includes; 1(3 Bed/2 Bath), 2(3Bed/1Bath), and 3(2 Bed/1Bath). Tenants are responsible for all utilities, including water (separate meters all units). This aspect significantly reduces operating expenses for the owner, enhancing the investment's appeal. The property is also designed to attract and retain tenants with its ample open spaces, convenient onsite parking, and the coveted amenity of washer/dryer hookups in some units. Furthermore, each unit boasts its own front yard and backyard, offering a sense of privacy and community living. With the immense potential of 37% upside in rental income, and no local city rent control in place, a new owner can take advantage of the repositioning opportunity this investment offers.

Location

State CA

County Los Angeles

Area 619 - El Monte

Interior

Laundry 30, Other, 38

Exterior

Garage Spaces 20.0

Pool None

Building

Story One Story

Water District - Public

Others

Tax ID 8547008029

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Kristopher German • RE/MAX 2000 REALTY
Bought with Kristopher German • RE/MAX 2000 REALTY

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agent

Madhu Sarkar

Agent | License ID: 01702931

+1(650) 504-7768

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