El Monte, CA 91733,2828 Consol AVE
El Monte, CA 91733,2828 Consol AVE
El Monte, CA 91733,2828 Consol AVE
5
$3,750,000
$3,700,000
1.4%
Est.Price: ?

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0.47 Acres Lot

2828 Consol AVE El Monte, CA 91733

Est. payment /mo
SOLD DATE : 06/15/2022

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Key Details

Sold Price $3,750,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV22034547

Sold Date 06/15/22

HOA Y/N No

Year Built 1963

Lot Size 0.472 Acres

Property Description

We are pleased to exclusively offer for sale this 16 unit (+2 additional non-conforming units) multi-family investment property in the city of El Monte. The subject property is comprised 12 (2Bed/1Bath) units, 4(1Bed/1Bath) Units, and 2(Studios-Non Conforming). 16 of the units are separately metered for electricity and gas while the owner pays for electricity for the common area lighting and electricity and gas for the onsite laundry room. The property offers a total of 11,424 rental sqft of which are situated on a 20,569 sqft lot. Tenants enjoy gated automatic entry, onsite laundry facility and onsite covered parking. With a potential upside of 62% in rental income (assuming "substantial improvement" or similar repositioning of the property) a new investor can enjoy a 9+% cash return on investment with market rents in place.

Location

State CA

County Los Angeles

Area 619 - El Monte

Zoning EMR3YY

Interior

Fireplace No

Laundry Common Area, Inside

Exterior

Carport Spaces 18

Pool None

Community Features Curbs, Street Lights, Sidewalks

Total Parking Spaces 18

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8105002013

Energy Description 1358.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by KRISTOPHER GERMAN • RE/MAX 2000 REALTY
Bought with KRISTOPHER GERMAN • RE/MAX 2000 REALTY

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Nicole Parent

Broker Associate | License ID: 01827226

+1(559) 930-7171

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