We are pleased to exclusively offer for sale this multi-family investment opportunity in the vibrant city of El Monte. This newly listed property features a collection of 29 units, showcasing true pride of ownership. The subject property predominantly consists of two-story townhouse-style units (28 Units), complemented by a quaint 2-Bedroom/1-Bathroom cottage, all extremely spacious in size. Occupying an oversized lot of 47,437 square feet, the property offers an expansive 24,734 square feet of rental space, designed to cater to the modern tenant's needs. The entire property benefits from copper plumbing, ensuring durability and reducing maintenance concerns. Ample car-port parking and generous open spaces address the practical needs of residents, while the onsite laundry facility and private backyards in each unit add a touch of convenience and privacy to their living experience. Tenants are responsible for their own electricity and gas, allowing for easier management of utilities. Currently offered at 13 GRM and a 4.72% CAP Rate, a standout feature of this investment is the significant potential for a 40% increase in rental income, with all units currently poised for a rental adjustment (April 2024.) This opportunity is further enhanced by attractive private seller financ
MLS #
CRCV24042328
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.00
Appliances
Other
Laundry
Community Facility
Garage/Parking
Garage: 0 Car(s)
# Buildings | # Leased Units | # Total Units |
---|---|---|
8 | 28 | – |
2629 Gage Ave is a Residential Income in El Monte, CA 91733. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1937.
This address can also be written as 2629 Gage Ave, El Monte, CA 91733.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of March 28, 2024. For the most current information, please contact Kristopher German, (626) 427-0786