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.
Sold for $2,030,000 on 02/01/24
Listing Provided by:
Kristopher German DRE #01800021 909-645-0443,
RE/MAX 2000 REALTY
Bought with: RE/MAX 2000 REALTY
$2,030,000
12127 Roseglen St, El Monte, CA 91732
15beds
7baths
5,744sqft
Multi Family
Built in 1956
-- sqft lot
$-- Zestimate®
$353/sqft
$4,295 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 02, 2024 at 10:33am
Listing Provided by:
Kristopher German DRE #01800021 909-645-0443,
RE/MAX 2000 REALTY
Bought with:
Kristopher German, DRE #01800021
RE/MAX 2000 REALTY
Source: CRMLS,MLS#: CV24011753
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 7
Appliances
- Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 5,744
- Total interior livable area: 5,744 sqft
Property
Parking
- Total spaces: 20
- Parking features: Garage
- Garage spaces: 3
- Uncovered spaces: 17
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
Lot
- Size: 0.94 Acres
- Features: 6-10 Units/Acre, Lot Over 40000 Sqft
Details
- Parcel number: 8547008029
- Zoning: EMR1B*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Gutter(s), Sidewalks
Location
- Region: El Monte
HOA & financial
Other financial information
- Total actual rent: 10766
Other
Other facts
- Listing terms: Cash,Cash to New Loan