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Listed by Kristopher German • RE/MAX 2000 REALTY
$1,395,000
Est. payment /mo
6,705 Sqft Lot
Active
11106 Klingerman ST El Monte, CA 91733
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV25178491
Year Built 1957
Lot Size 6,705 Sqft
Source California Regional MLS
Property Description
Outstanding investment opportunity in the heart of the strong San Gabriel Valley rental market! This multi-family property offers all spacious 2-Bed/1-Bath units totaling 5,200 rentable square feet on a 6,705 square foot lot. With no local city rent control and a 30% upside in rental income, there's tremendous potential to boost cash-flow and long-term value. Tenants enjoy desirable amenities including gated private parking, interior laundry hookups, and copper plumbing throughout. At an attractive price of only $232,000 per unit, the property is positioned to deliver strong returns with a current CAP Rate of 5.56% & GRM of 11.87...and it only gets better from there. Seller is motivated and priced to sell-don't miss this rare chance to acquire a quality asset in one of Southern California's most sought-after rental markets!
Location
State CA
County Los Angeles
Area 619 - El Monte
Interior
Cooling Window / Wall Unit
Laundry 38
Exterior
Parking Features Assigned Spaces, Carport
Garage Spaces 6.0
Pool 31, None
View None
Roof Type Shingle
Building
Water District - Public
Others
Tax ID 8105019019
Special Listing Condition Not Applicable
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