$1,000,000
$1,250,000
20.0%For more information regarding the value of a property, please contact us for a free consultation.
0.44 Acres Lot
SOLD DATE : 02/15/2024
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW23208412
Sold Date 02/15/24
HOA Y/N No
Rental Info Month To Month
Year Built 1943
Lot Size 0.437 Acres
Property Description
Welcome to a prime investment opportunity in the heart of North El Monte, California next to Arcadia ! This exceptional triplex presents a lucrative prospect for both seasoned investors and those looking to live in one unit while enjoying rental income from the other two.
Situated on an expansive lot spanning over 19,000 square feet, this multi-unit property boasts versatility and potential. The front unit is a spacious 3-bedroom haven with the added convenience of an attached garage. The middle unit features 2 bedrooms, providing a comfortable and desirable living space. Lastly, the rear unit offers a cozy 1-bedroom layout, also accompanied by an attached garage.
Beyond the existing charm of these units, the property opens up possibilities for expansion with ample space for additional living areas or the potential to add an Accessory Dwelling Unit (ADU). Imagine the potential for increased value and rental income!
Convenience is key, and this property is surrounded by an array of amenities, including shopping centers, nearby transit services, schools, and parks. Whether you're a commuter, a student, or a family, the location caters to diverse needs.
Parking is never a concern with plenty of dedicated spaces for each unit, ensuring hassle-free living for tenants and an added perk for potential buyers.
Don't miss out on this golden opportunity to invest in a triplex with endless possibilities. Whether you're a savvy investor or someone seeking a strategic and comfortable living arrangement, this property in South El Monte is your gateway to a prosperous real estate venture!
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR1B*
Interior
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Parking Features Asphalt, Driveway
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Sidewalks
Total Parking Spaces 1
Private Pool No
Building
Lot Description Back Yard, Front Yard, Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 8570025014
Acceptable Financing Cash to New Loan, Conventional, 1031 Exchange, FHA, Submit
Listing Terms Cash to New Loan, Conventional, 1031 Exchange, FHA, Submit
Financing Cash
Special Listing Condition Standard
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Bought with YING WU • IRN REALTY