Property · 2 recorded sales since 2020
Listing Agent: Paul Chen (DRE #01038824) · Listing Office: Glory Realty & Investments, Co · Contact: 626-821-0816 · Bought with: Victor Mansour · Coldwell Banker Arcadia · MLS #AR19270968 · Source: CRMLS
North El Monte location convenient to shopping (Sam's Club) and schools. Currently a C-2 lot with non-conforming Triplex use. Buildings may continue to use as residential and remodeling, but must be commercial if new building is planned. Need extensive remodeling. Tenants converted the garage into a 3rd bedroom, and may need to be converted back subject to El Monte City Pre-Sale inspection. Therefore, selling price is below market value. 3 long term tenants with total income of $4400 with 10-15% gap with market value. All 3 units have separate Gas and SCE meters, but only 1 combined water meter. A good chance to separate them during remodeling.
Listing description from the January 2020 sale, as reported to CRMLS.