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3438 Gilman RD El Monte, CA 91732
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Key Details
Sold Price $915,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRCV24015480
Sold Date 07/03/24
Originating Board California Regional MLS
Year Built 1962
Lot Size 5,300 Sqft
Property Sub-Type Fourplex
Property Description
JUST REDUCED! We are pleased to present a 4-Unit multi-family investment opportunity in the prime area of North El Monte. This fourplex features (1) 2-Bed/1-Bath unit, and (3) 1-Bed/1-Bath units. Tenants have access to on-site carport parking and yard space. Each unit is separately metered for gas and electricity. This property offers a substantial 45% potential upside in rental income, making it an attractive prospect for maximizing return on investment. Moreover, the property enjoys the advantage of no local city rent control, giving you the flexibility to reposition tenants with a "substantial remodel" approach in an effort to obtain competitive rental rates, and optimize your investment strategy. One unit to be delivered vacant at the close of escrow.
Location
State CA
County Los Angeles
Area 619 - El Monte
Interior
Laundry 30, Other, 38
Exterior
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 8549041002
Special Listing Condition Not Applicable
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Bought with Kelly Ngo