3720 Pine Avenue, El Monte, CA 91731

About this property

We are pleased to offer for sale this 5 unit investment property located in the city of El Monte. The property is located in the "north" section of the city, north of Ramona Blvd which is a highly desirable rental area. The subject property is comprised of 2 structures, one detached 2Bed/1Bath cottage style unit, and a second structure with 4(1Bed/1Bath) units. Tenants enjoy onsite garage and car-port parking. There is a laundry room onsite currently not in use by the tenants. The current owner has kept the rental rates well below market making this a great opportunity for the savvy investor to utilize "substantial improvement" to reposition the property and take advantage of a potential 38% upside in rental income!

Listing description from the December 2021 sale, as reported to CRMLS.

Sale history

$1,150,000

Sold December 2021 · on market December 2021 · MLS #CV21260663 · Source: CRMLS

Listing Agent: KRISTOPHER GERMAN · Listing Office: RE/MAX 2000 REALTY · Contact: 626-956-0188 · Bought with: KRISTOPHER GERMAN · RE/MAX 2000 REALTY

$850,000

Sold April 2015 · listed $894,000, on market November 2014 · MLS #MB14246454 · Source: CRMLS

Listing Agent: JAIME ACUNA · Listing Office: EXCELLENCE RE REAL ESTATE · Contact: 562-948-4553 · Bought with: Jack Pang · Resource Real Estate Services

$764,000

Sold June 2012 · on market July 2011 · MLS #M11097147 · Source: CRMLS

Listing Agent: JAIME ACUNA · Listing Office: EXCELLENCE REAL ESTATE · Contact: 562-948-4553 · Bought with: Susan Hong · Grandmark Realty Inc.

Explore El Monte