2546 Potrero Avenue, El Monte, CA 91733

$2,100,000
List Price
$2,100,000
Status
ACTIVE
MLS#
OC22170662
Year Built
1962
Lot Size
8,504
Acres
0.1952
Lot Location
Item01UnitAcre, Garden
Days on Market
10
Property Type
Multifamily
Style
MidCenturyModern
Stories
Two Levels

Property Description

Huge opportunity for investors to get into CA’s ever lasting hot rental market!! This 13 bedrooms, 7-unit complex (2 bd/1 bath: 6 units, & 1 bd/1 bath) sprawls on a 6,046 sqft of living space, has a common laundry area, parking in the back and the front, and conveniently located near the Garvey commercial business; business district and Potrero Elementary. Remodeled between 2017/2018, the property is well kept and features upgrades such as a newly installed roof, newer bathrooms and kitchens, carpets, and a new electrical panel. Renters are on a yearly lease basis and the leases will be transferred to the buyer(s). The chance to become an investor/landlord in California is becoming few and far in between. This one is no exception to the rule and is expected to go fast!

Additional Information

Appliances
Gas Range
Pool Description
None
Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
View
City Lights
Exterior Construction
Drywall
Roof
Composition
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
7
Gross Scheduled Income
$88,500
Operating Expense
36324

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: John Tran from Listing Office: NextGen Team Realty

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.