South El Monte, CA 91733,2528 Edwards AVE

$3,200,000

Est. payment /mo

$3,350,000

4.5%
Est.Price: ?

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2528 Edwards AVE South El Monte, CA 91733

8,856 SqFt

SOLD DATE : 10/07/2022

Key Details

Sold Price $3,200,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 8,856 sqft

Price per Sqft $361

MLS Listing ID CV22190701

Sold Date 10/07/22

HOA Y/N No

Year Built 1987

Lot Size 0.487 Acres

Acres 0.487

Property Description

We are pleased to offer for sale this 12 unit multi-family investment located in the city of South El Monte. The subject property was constructed in 1987 and consists of ALL 2Bed/2Bath units. The rental units are good sized and the total lot size is 21,213 SqFt. Tenants enjoy private patios, two assigned parking spaces per unit (1 garage space as well as 1 open space/car-port), and an onsite laundry facility (currently not in use). Tenants pay for electricity and gas while the owner pays for water and trash. This property is a great opportunity for the savvy investor looking for a newer constructed building, priced well for the marketplace, and located in the highly sought after San Gabriel Valley. With a minimum of 37% upside in market rental income, a new investor can take advantage of a substantial repositioning opportunity that, once repositioned, will provide great cash-flow and appreciation for years to come.

Location

State CA

County Los Angeles

Area 657 - So. El Monte

Zoning SER3*

Rooms

Ensuite Laundry Common Area, Inside

Interior

Laundry Location Common Area,Inside

Fireplace No

Laundry Common Area, Inside

Exterior

Garage Spaces 12.0

Carport Spaces 3

Garage Description 12.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 27

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8103024042

Energy Description 6600.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by KRISTOPHER GERMAN • RE/MAX 2000 REALTY
Bought with KRISTOPHER GERMAN • RE/MAX 2000 REALTY

Julian Park

Broker, Loan Officer | License ID: 02018567

+1(818) 390-3265

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