11133 Schmidt Road Active Save Request In-Person Tour Request Virtual Tour
El Monte,CA 91733
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25023389
Bedrooms 7
HOA Y/N No
Lot Size 0.303 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
First time on the market in decadesa reliable, low maintenance rental property in El Monte. For sale are three units including a detached garage on a large 13,177 square foot lot in the heart of a very popular rental market. All three units are currently rented to long term tenants at below market rates. Take advantage of the opportunity to add value with rent increases and making minor renovations. Currently, the garage is not being utilized, allowing for the possibility of converting it into livable space, further increasing cash flow without disrupting the current tenants parking. Adding an ADU/JADU can add tremendous value. All three units are separately metered and have ample parking space. Tenants are responsible for all utilities. This property is easy to operate and has huge upside potential.
First time on the market in decadesa reliable, low maintenance rental property in El Monte. For sale are three units including a detached garage on a large 13,177 square foot lot in the heart of a very popular rental market. All three units are currently rented to long term tenants at below market rates. Take advantage of the opportunity to add value with rent increases and making minor renovations. Currently, the garage is not being utilized, allowing for the possibility of converting it into livable space, further increasing cash flow without disrupting the current tenants parking. Adding an ADU/JADU can add tremendous value. All three units are separately metered and have ample parking space. Tenants are responsible for all utilities. This property is easy to operate and has huge upside potential.
Location
State CA
County Los Angeles
Area South El Monte (91733)
Zoning Assessor
Building
Lot Description Curbs
Story 1
Level or Stories 1 Story
Others
Acceptable Financing Cash,Conventional
Space Rent $1,220
Listing Terms Cash,Conventional