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We are pleased to exclusively offer for sale this 7 unit multi-family investment in the highly sought after community of El Monte. Nestled in the heart of the San Gabriel Valley, this property is conveniently located close to public transportation such as the metro line, all major freeways, and major retail outlets. The offering consists of two adjacent parcels: the first parcel contains a single family residence (2Bed/1Bath) with an attached non-conforming 1Bed/1Bath unit and the second parcel features six rental units with a unit mix comprised of 1(2Bed/1Bath), 3(1Bed/1Bath)s, and 2 Studios. Tenants have access to garage and open space parking for convenience. This property has been owned by multiple generations over time resulting in below market level rental rates; however, with a repositioning of the property a new investor can take advantage of 35% or more upside income potential! El Monte does not have any local city rent control making it an ideal location for real estate investors looking to maximize their return on investment.
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Listing Agent: KRISTOPHER GERMAN
Listing Office: RE/MAX 2000 REALTY
Attribution contact: 626-956-0188