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$7,500,000
Est. payment /mo
54 Beds
28 Baths
25,285 SqFt
UPDATED:
12/05/2024 03:33 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 25,285 sqft
Price per Sqft $296
MLS Listing ID 24421277
Bedrooms 54
HOA Y/N No
Year Built 1979
Lot Size 1.043 Acres
Property Description
The 25,285 square foot buildings house 28 units, of which 26 contain two bedrooms. Because El Monte is not subject to more restrictive local rent control laws, an owner can benefit from higher allowable annual rent increases under California AB 1482. The spacious lot totals more than one acre in size, offering a new owner the potential opportunity to add ADUs for a substantial increase in income (Buyer to verify). Located near the intersection of Ramona Boulevard and Peck Road, the property offers tenants access to several nearby shopping and dining destinations, including The Shops at Santa Anita, The Shops at Montebello, and Plaza West Covina. The neighboring San Gabriel Valley cities of Arcadia, Pasadena, Alhambra, Montebello, and West Covina each boast numerous employment and retail centers, which residents can easily access via the nearby 10 and 605 Freeways as well as the El Monte Metrolink Station.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR3*
Interior
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 54
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8567003043
Special Listing Condition Standard
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Listed by Roderick 'Rick' Raymundo • Marcus & Millichap