A solid opportunity to acquire a fully
occupied 4 unit property in a strong rental market of
in the city of El Monte with NO local rent control.
This two story apartment consists of (2) 2 bedroom
and (2) 1 bedroom units offering a good unit mix for
the area. Plus there’s tons of yard space, a laundry
and storage room in the rear, and a wide carport
structure for dedicated parking for each unit.
The entire property sits on a 6,741sf sized lot with R3
zoning, offering tons of potential for an ADU
conversion, create additional parking, and maximize
rents in the future.
Good Location in El Monte North of the 10 fwy, near
San Gabriel Valley Airport, Rosemead, local shops &
restaurants. ACTUAL 5.2% CAP RATE 13.3 GRM!