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Sold for $915,000 on 07/03/24
  • Listing Provided by: 

    Kristopher German DRE #01800021 909-645-0443,

    RE/MAX 2000 REALTY

    Bought with: MARY JANE BROSOWSKE, BROKER
    $915,000

    3438 Gilman Rd, El Monte, CA 91732

    5beds
    4baths
    2,446sqft
    Multi Family
    Built in 1962
    -- sqft lot
    $897,200 Zestimate®
    $374/sqft
    $2,659 Estimated rent

    Owner options

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    $2,659/mo

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    $2,659/mo

    Rent Zestimate®

    Refinance and save

    $5,615/mo

    Est. payment

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    $5,615/mo

    Est. payment

    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: July 03, 2024 at 03:38pm

    Listing Provided by:

    Kristopher German DRE #01800021 909-645-0443,

    RE/MAX 2000 REALTY

    Bought with:

    Kelly Ngo, DRE #02037711

    MARY JANE BROSOWSKE, BROKER

    Source: CRMLS,MLS#: CV24015480MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    Appliances
    • Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 2,446
    • Total interior livable area: 2,446 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Carport
    • Carport spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 5,300 sqft
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 8549041002
    • Zoning: EMR3YY
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1962

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Gutter(s), Sidewalks
    Location
    • Region: El Monte

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan
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    Estimated market value
    $897,200