$665,000
$625,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
0.36 Acres Lot
SOLD DATE : 11/05/2014
Key Details
Sold Price $665,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR14177770
Sold Date 11/05/14
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1934
Tax Year 2013
Lot Size 0.360 Acres
Property Description
FIRST TIME ON THE MARKET EVER! ATTRACTIVE 3-UNIT INCOME PROPERTY IN NORTH EL MONTE WITH R-3 ZONING. DON'T MISS THIS RARE OPPORTUNITY TO INVEST IN THIS FANTASTIC PROPERTY WITH HUGE LONG-TERM & SHORT-TERM POTENTIAL. LARGE LOT SIZE CERTAINLY ALLOWS OWNER TO BUILD AND EXPAND...THE POSSIBILITIES ARE ENDLESS. IDEAL CORNER LOT LOCATION, WITH HUGE 15,688 SF LOT SIZE! ALL 3 UNITS ARE DETACHED, FENCED, AND HAVE INDIVIDUAL METERS - GREAT FOR PRIVACY. UNITS ARE IN GOOD CONDITION, SEPARATE LAUNDRY AREAS, WINDOW A/C UNITS, NICELY LANDSCAPED WITH MATURE PLANTS/TREES. PLENTY OF PARKING, ADDITIONAL LARGE GARAGE STRUCTURE IN THE REAR. TREE BRANCH FELL ON GARAGE AND NEEDS REPAIR. INVESTMENT PROPERTY INCLUDES 3 SEPARATE ADDRESSES: 11500 MCGIRK, 11506 MCGIRK, & 4366 ELROVIA. PICS FROM 11506 MCGIRK WERE TAKEN ON 5/24/2013. NICE NEIGHBORHOOD ALONG QUIET STREET WITH WONDERFUL LOCATION IN NORTH EL MONTE. TOTAL CURRENT RENTS ARE $3655/ MONTH, FANTASTIC CAP RATE FOR INVESTORS. ALL INFORMATION DEEMED RELIABLE, BUYER TO VERIFY AND CHECK WITH CITY FOR ALL THE WONDERFUL POSSIBILITIES OF THIS HUGE LOT!
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR3YY
Interior
Interior Features Ceiling Fan(s), Tile Counters
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Parking Features Concrete, Covered, Driveway, Garage
Garage Spaces 2.0
Garage Description 2.0
Fence Chain Link
Pool None
Community Features Suburban, Sidewalks
Utilities Available Sewer Connected
Total Parking Spaces 8
Private Pool No
Building
Lot Description Back Yard, Corner Lot, Front Yard, Landscaped, Level, Yard
Story One
Entry Level One
Water Public
Level or Stories One
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 8569021028
Acceptable Financing Cash, Cash to New Loan, Conventional, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Kelvin Chang • Coldwell Banker Dynasty T.C.