10808 Elliott Avenue
South El Monte,
CA
91733
Property Details
List Price: |
$1,700,000 |
Beds: |
8 |
Baths: |
7 |
Status: |
Active |
SqFt: |
3306 |
Agency: |
Century 21 Citrus Realty, INC |
Description/Comments
Lot Size: |
17,513 sqft |
Property Type: |
MultiFamily |
Year Built: |
1954 |
Notes: |
We would like to present 10808 Elliott Avenue, a 7-unit property located in a prime area of El Monte, free from rent control constraints providing maximum allowable rent increases under California AB1482. Current rents are significantly below market with a 3.64 CAP RATE. Increasing rents to market rates shows a PROFORMA 6.54 CAP RATE! The units consist of 4 one story buildings with concrete driveway that allows parking for 16 cars. Six 1 bedroom 1 bathroom units and One 2 bedroom, 1 bathroom stand alone unit. Possible room for ADU (check with city) Most of the roofs have recently been replaced along with other upgrades. The units are 100% occupied. Each unit has individual metering for gas and electricity. The location offers various conveniences to diverse tenant demographics along with convenient transportation routes to 10, 605 and 60 freeways, three elementary schools, El Monte High School, Aquatic Center, Court House and Civic Center, Social Security Administration and Rio Hondo College. El Monte allows easy routes and transportation to DTLA a major employment capital via the EL MONTE TRANSIT CENTER and Fastrak Toll Road. The property’s central location offers access to a variety of attractions offered by Los Angeles County, Orange County and the Inland Empire. |
MlsNumber: |
CV24100253 |
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Listing Provided By: |
Century 21 Citrus Realty, INC, original listing |
Name: |
Century 21 Citrus Realty, INC |
Phone: |
(909) 592-8500 |
Office Name: |
CENTURY 21 CITRUS REALTY INC |
Office Phone: |
(909) 592-8500 |
Agent Name: |
Albert Rodriguez |
Disclaimer: |
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |