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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5,301 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 Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24015480

Year Built 1962

Lot Size 5,301 Sqft

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

Zoning EMR3YY

Interior

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside

Exterior

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kristopher German • RE/MAX 2000 REALTY • 909-645-0443
Bought with Kelly Ngo • MARY JANE BROSOWSKE, BROKER

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agent

Brenda Perez-Miranda

Agent | License ID: 01293185

+1(619) 846-9088

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