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2708 Penn Mar Avenue, El Monte, CA

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2708 Penn Mar Avenue

El Monte, CA 91732-3412 - Mountain View MF Submarket


Property Type:Multi-Family Number of Units:5 Status:Existing Year Built:1953
Stories:1 Building Size:3,272 SF Land Area:.29 AC (12,484 SF)
For Sale Price:$1,250,000 Price/Unit:$250,000.00 Cap Rate:4.57 % GRM:-

Parking:-



Sale Notes:
Prime investment property located in the highly desirable rental community of El Monte (zip 91732)! The subject property consists of 5 single story detached cottages situated on a 12,485 square foot lot. The largest unit is comprised of 2 bedrooms and 1 bathroom and has a private yard and garage parking. The remaining 4 cottages have 1 bedroom and 1 bathroom with carport parking and private gated yards. The current owner has made numerous improvements which include completely renovated interiors, new exterior paint, a new garage door, newly renovated laundry room and new landscaping. This property is well maintained and truly turn-key. Currently the monthly rental income is $7,050 per month with little expense to the owners as the tenants pay their own utilities. Drive by only and please do not disturb the tenants.

RE/MAX Commercial
Kristopher German
(909) 948-2988




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