12025 Elliott Ave

6 Unit Apartment Building $2,881,120 CAD ($480,187 CAD/Unit) 3.61% Cap Rate El Monte, CA 91732

INVESTMENT HIGHLIGHTS

  • 3 single story duplexes
  • Value-add opportunity with rental upside
  • No City rent control
  • Potential to build ADU
  • Long terms tenants

EXECUTIVE SUMMARY

Re/Max 2000 Commercial, as the exclusive listing agent, is pleased to present the opportunity to acquire the 6 unit apartment. It has a desirable location, fundamentals minimize lease uptime and offers a new investor high rental potential with a stable resident profile. This strategically located, single story structures were built in 1962 and consists of three duplexes of 2 bedroom and 1 bathroom. It offers 10 carport parking spaces. This property has an additional space between the building, might have the potential to add ADU, buyer to verify with the City of El Monte. Long terms tenants. The properties are individually metered for gas and electricity.

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Price $2,881,120 CAD
Price Per Unit $480,187 CAD
Sale Type Investment
Cap Rate 3.61%
Gross Rent Multiplier 16.2
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.30 AC
Building Size 3,915 SF
Average Occupancy 100%
No. Stories 1
Year Built 1962
Opportunity Zone Yes

UNIT AMENITIES

  • Heating
  • Tile Floors
  • Kitchen
  • Range

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 6 - 652
Walk Score®
Very Walkable (70)

ZONING

Zoning Code EMR3YY (Multiple Dwelling)
  • Listing ID: 31969152

  • Date on Market: 2024-05-30

  • Last Updated:

  • Address: 12025 Elliott Ave, El Monte, CA 91732