El Monte, CA 91732,3438 Gilman RD
El Monte, CA 91732,3438 Gilman RD
El Monte, CA 91732,3438 Gilman RD
5
$915,000
$950,000
3.7%
Est.Price: ?

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5,300 Sqft Lot

3438 Gilman RD El Monte, CA 91732

Est. payment /mo
SOLD DATE : 07/03/2024

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

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agent

Madhu Sarkar

Agent | License ID: 01702931

+1(650) 504-7768

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