• -- Beds
  • -- Baths
  • 4,424 sq ft
  • 22,384 lot
  • $1,280,000
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We are pleased to offer for sale this 5 (+1 non-conforming) unit property in the city of El Monte. The property is comprised of 4 single story detached units; main house (originally 4 bedroom/2 bathroom) which has it's own front yard and garage parking, and 3 (1-Bedroom/1-Bathroom) cottages which each have individual front/backyard & 1 car garage. The fifth unit is a 2 Bedroom/1 Bathroom unit which is situated above the 4 car garages. The total lot size is 22,384 SqFt with plenty of open space for tenant enjoyment. The rear unit and three 1-Bedroom cottages are separately metered for electricity and gas. (Front house has been divided into 2 units: 2 Bed/1 Bath $1,300 & 1 Bed/1 Bath $900. This unit has 1 electric meter and 1 gas meter). For a new investor this property offers a substantial 28% upside in rental income and a 5.88% Market Cap Rate!
MLS #CV19026045Days on Market198
Last Updated4/24/2019Year Built1952
CommunityEl MonteGarage Spaces5
CountyLos AngelesTotal Parking14
StatusSoldProperty Type(s)ResidentialIncome

Additional Features & Details

Building Area Units
  • Square Feet
Common Walls
  • 1 common wall
  • No one above
  • No one below
Community Features
  • Curbs
  • Gutters
  • Sidewalks
Elevation Units
  • Feet
Laundry Features
  • None
  • One
Lot Features
  • 2-5 Units/Acre
Lot Size Source
  • Assessor
Lot Size Units
  • Square Feet
MLSArea Major
  • 619 - El Monte
Parcel Number
  • 8105007023
Pool Features
  • None
Previous Standard Status
  • Pending
Property Type
  • Residential Income
  • Public Sewer
Special Listing Conditions
  • Standard
Standard Status
  • Closed
Tax Tract Number
  • 023
Water Source
  • Public

Zestimate Details for: 11631 Magnolia Street, El Monte, CA

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Listing provided by : KRISTOPHER GERMAN License # 01800021, RE/MAX 2000

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Based on information from California Regional Multiple Listing Service, Inc. as of 8/21/19 6:18 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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