11833 Valley Boulevard

    El Monte, CA 91732
    • $2,850,000
    • STATUS: Active
    • ON SITE: 49 days
    • ID#: CV19001216
    UPDATED: 200 min ago
    $2,850,000
    • 0
      BEDS
    • 0.59
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,592
      SQFT
    • $269
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    We are pleased to present 11833-11841 Valley Blvd. in the City of El Monte. The offering is a mixed-use property that consists of seven one bedroom one bathroom and two units that are two bedrooms and 1 bathroom, four commercial units, and a large parking lot which separates the commercial units from the residential units. Nine residential units and 4 commercial units total. You have a large lot of 25,909 square foot with an estimated 10,592 square feet of rentable space. The property has individual gas and electric meters and residential tenants pay for their own gas and electricity. There are 21 to 24 potential parking spaces located between the commercial buildings and the residential units and a 3 car garage that is currently used for storage. Including the 3 car garage that will make it a potential 27 car parking. (The residential units are each assigned one car parking). Valley Blvd offers a great combination of retail stores and apartment buildings; this is a nice mixed-use property with both product types. This is a great El Monte investment for an investor with potential upside in rents and cap rate. Per the owners, the property is located in an IRS enterprise zone. There is a substantial income tax savings opportunity for an investor that buys and holds for 10 years. Come see this beautiful property before it's SOLD!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-22T01:01:56.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/90587509

    11833 Valley Boulevard El Monte, CA 91732

    • Price: $2,850,000
    • Status: Active
    • Updated: 200 min ago
    • ID#: CV19001216
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.59
    Acres
    10,592
    SQFT
    $269
    $/SQFT
    1940
    Built
    Neighborhood:
    619 - El Monte
    County:
    Los Angeles
    Area:
    619 - El Monte
    Property Description
    We are pleased to present 11833-11841 Valley Blvd. in the City of El Monte. The offering is a mixed-use property that consists of seven one bedroom one bathroom and two units that are two bedrooms and 1 bathroom, four commercial units, and a large parking lot which separates the commercial units from the residential units. Nine residential units and 4 commercial units total. You have a large lot of 25,909 square foot with an estimated 10,592 square feet of rentable space. The property has individual gas and electric meters and residential tenants pay for their own gas and electricity. There are 21 to 24 potential parking spaces located between the commercial buildings and the residential units and a 3 car garage that is currently used for storage. Including the 3 car garage that will make it a potential 27 car parking. (The residential units are each assigned one car parking). Valley Blvd offers a great combination of retail stores and apartment buildings; this is a nice mixed-use property with both product types. This is a great El Monte investment for an investor with potential upside in rents and cap rate. Per the owners, the property is located in an IRS enterprise zone. There is a substantial income tax savings opportunity for an investor that buys and holds for 10 years. Come see this beautiful property before it's SOLD!
    Exterior Features

    Garage Spaces 3.00 Lot Features Lot 20000-39999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Total 25.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features None

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.23 Community Features SidewalksStreet Lighting Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 3696.00 Gross Income 168060.00 Gross Scheduled Income 168060.00 Insurance Expense 5712.80 Land Lease YN No Laundry YN No Net Operating Income 96836.20 New Construction YN No New Taxes Expense 42600.00 Number Of Separate Electric Meters 13 Number Of Separate Gas Meters 13 Number Of Separate Water Meters 1 Number Of Units Leased 13 Operating Expense 71223.80 Other Expense 5770.00 Other Expense Description Utility Professional Management Expense 13445.00 Property Condition Additions/AlterationsRepairs CosmeticTurnkeyUpdated/Remodeled Property Sub Type Commercial/Residential Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 168060.00 Total Expenses 71223.80 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Emc3*

    Listing provided courtesy of Ying-Huei Chou of K.W. Executive


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-22T01:01:56.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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