Bought with Kristopher German • RE/MAX 2000 REALTY
$1,320,000
$1,395,000
5.4%For more information regarding the value of a property, please contact us for a free consultation.
11106 Klingerman Street El Monte, CA 91733
5,200 SqFt
Key Details
Sold Price $1,320,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,200 sqft
Price per Sqft $253
MLS Listing ID CRCV25178491
Year Built 1957
Lot Size 6,705 Sqft
Property Sub-Type Other
Property Description
Outstanding investment opportunity in the heart of the strong San Gabriel Valley rental market! This multi-family property offers all spacious 2-Bed/1-Bath units totaling 5,200 rentable square feet on a 6,705 square foot lot. With no local city rent control and a 30% upside in rental income, there's tremendous potential to boost cash-flow and long-term value. Tenants enjoy desirable amenities including gated private parking, interior laundry hookups, and copper plumbing throughout. At an attractive price of only $232,000 per unit, the property is positioned to deliver strong returns with a current CAP Rate of 5.56% & GRM of 11.87...and it only gets better from there. Seller is motivated and priced to sell-don't miss this rare chance to acquire a quality asset in one of Southern California's most sought-after rental markets!
Location
State CA
County Los Angeles
Interior
Cooling Wall/Window Unit(s)
Laundry Gas Dryer Hookup, Other
Exterior
View None
Read Less
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