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12127 Roseglen ST El Monte, CA 91732
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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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Bought with Kristopher German • RE/MAX 2000 REALTY