11723 Magnolia Street

    El Monte, CA 91732
    • $1,950,000
    • STATUS: Active
    • ON SITE: 8 days
    • ID#: AR18285647
    UPDATED: 40 min ago
    $1,950,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,220
      SQFT
    • $374
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Two quadruplex 8 unit apartment building with all 2 bedrooms and 1 bathroom. Convenient location near business centers, few blocks to CVS Pharmacy, Food 4 Less markets, banks and shopping. The property offers 8 detached carports for parking and each units has it's own laundry hook ups. All individually metered for gas and electricity. Excellent investment opportunity in a highly desirable rental area, 100% occupancy rate and low maintenance. Please do not walk on the property and talk to tenants. New resurfaced driveway.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T15:32:31.123. 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. Licensed in the State of California, USA.
    www.impactca.com/homes/89855944

    11723 Magnolia Street El Monte, CA 91732

    • Price: $1,950,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: AR18285647
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    5,220
    SQFT
    $374
    $/SQFT
    1962
    Built
    Neighborhood:
    619 - El Monte
    County:
    Los Angeles
    Area:
    619 - El Monte
    Property Description
    Two quadruplex 8 unit apartment building with all 2 bedrooms and 1 bathroom. Convenient location near business centers, few blocks to CVS Pharmacy, Food 4 Less markets, banks and shopping. The property offers 8 detached carports for parking and each units has it's own laundry hook ups. All individually metered for gas and electricity. Excellent investment opportunity in a highly desirable rental area, 100% occupancy rate and low maintenance. Please do not walk on the property and talk to tenants. New resurfaced driveway.
    Exterior Features

    Carport Spaces 8.00 Garage Spaces 0.00 Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCarport Detached Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 652 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.36 Community Features Curbs Country Us Electric Expense 995.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 720.00 Gross Income 128040.00 Gross Operating Income 128040.00 Gross Scheduled Income 128040.00 Gross Spendable Income 85019.00 Have Quadruplex Buildings Insurance Expense 2200.00 Land Lease YN No Laundry YN No Licenses Expense 239.00 Maintenance Expense 928.00 Net Operating Income 85019.00 New Construction YN No New Taxes Expense 31200.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 43021.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 10670.00 Total Expenses 43021.00 Trash Expense 3318.00 Water Sewer Expense 3421.00 Water Source Public Year Built Source Assessor Zoning Emc3*

    Listing provided courtesy of Amy Wang of Coldwell Banker George Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T15:32:31.123. 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. Licensed in the State of California, USA.
     
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