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2546 Potrero Avenue

El Monte, CA 91733
  • $2,100,000
  • STATUS: Active
  • ON SITE: 14 Days
  • ID#: OC22170662
$2,100,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): John Tran of Nextgen Team Realty (657-208-3070) and Eileen Tran of Nextgen Team Realty(657-208-3070)


Description

Huge opportunity for investors to get into CAs 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 upgradessuch as a newly installed roof, newer bathrooms and kitchens, carpets, and a new electrical panel. Renters are on a yearly lease basis and the leaseswill 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!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-18T00:30:43.427. 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 deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
www.amayarealestategroup.com/homes/131551584
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2546 Potrero Avenue El Monte, CA 91733

  • Price: $2,100,000
  • Status: Active
  • On Site: 14 Days
  • ID#: OC22170662
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1962
Built
Neighborhood:
619 - El Monte
County:
Los Angeles
Area:
619 - El Monte
Property Description
Huge opportunity for investors to get into CAs 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 upgradessuch as a newly installed roof, newer bathrooms and kitchens, carpets, and a new electrical panel. Renters are on a yearly lease basis and the leaseswill 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!
Exterior Features

Architectural Style Mid-Century Modern Carport Spaces 8 Carport YN Yes Construction Materials Drywall Lot Features 0-1 Unit/AcreGarden Number Of Separate Electric Meters 8 Parking Features Carport Parking Total 8 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Appliances Gas Range Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Carpet Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features Curbs Electric Expense 720 Fuel Expense 3600 Garage YN No Gross Income 93600 Gross Scheduled Income 88500 Insurance Expense 3628 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Net Operating Income 52176 New Construction YN No Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 36324 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 6920 Trash Expense 1000 Utilities Electricity ConnectedNatural Gas ConnectedSewer Connected Water Sewer Expense 5760 Water Source Public Zoning Emr3yy



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-18T00:30:43.427. 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 deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
 
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Nest Real Estate
21804 Cactus Ave ste 101
Riverside CA, 92518
Listing Agent(s): John Tran of Nextgen Team Realty (657-208-3070) and Eileen Tran of Nextgen Team Realty(657-208-3070)