El Monte, CA 91732,3438 Gilman RD
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El Monte, CA 91732,3438 Gilman RD
El Monte, CA 91732,3438 Gilman RD
El Monte, CA 91732,3438 Gilman RD
El Monte, CA 91732,3438 Gilman RD

$915,000

Est. payment /mo

$950,000

3.7%
Est.Price: ?

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3438 Gilman RD El Monte, CA 91732

5,301 Sqft Lot

SOLD DATE : 07/03/2024

Key Details

Sold Price $915,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24015480

Sold Date 07/03/24

HOA Y/N No

Year Built 1962

Lot Size 5,301 Sqft

Property Description

JUST REDUCED! We are pleased to present a 4-Unit multi-family investment opportunity in the prime area of North El Monte. This fourplex features (1) 2-Bed/1-Bath unit, and (3) 1-Bed/1-Bath units. Tenants have access to on-site carport parking and yard space. Each unit is separately metered for gas and electricity. This property offers a substantial 45% potential upside in rental income, making it an attractive prospect for maximizing return on investment. Moreover, the property enjoys the advantage of no local city rent control, giving you the flexibility to reposition tenants with a "substantial remodel" approach in an effort to obtain competitive rental rates, and optimize your investment strategy. One unit to be delivered vacant at the close of escrow.

Location

State CA

County Los Angeles

Area 619 - El Monte

Zoning EMR3YY

Interior

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside

Exterior

Carport Spaces 4

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 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 8549041002

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kristopher German • RE/MAX 2000 REALTY • 909-645-0443
Bought with Kelly Ngo • MARY JANE BROSOWSKE, BROKER

Engel & Völkers Palm Desert

Broker | License ID: d24350

+1(909) 327-2223

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