2529 Adelia Avenue, South El Monte, CA 91733
Property · 2 recorded sales since 2021
Sold May 2024
Listing Agent: Kristopher German (DRE #01800021) · Listing Office: RE/MAX 2000 REALTY · Contact: 626-956-0188 · Bought with: Kristopher German · RE/MAX 2000 REALTY · MLS #CV24039778 · Source: CRMLS
About this property
We are pleased to offer for sale this multi-unit residential property in the city of South El Monte which boasts a unique combination of side by side Triplex & Fourplex, offering a diverse unit mix. Investors will appreciate the potential to utilize residential financing with 30-year fixed loans available for each parcel, enhancing the accessibility of this lucrative venture. The property features a thoughtfully designed layout including a 4-bedroom/2-bathroom cottage, two 3-bedroom/1-bathroom units, a 2-bedroom/1-bathroom cottage, two additional 2-bedroom/1-bathroom units, and a 1-bedroom/1-bathroom cottage, catering to a wide range of tenant needs. Spanning across two contiguous parcels, totaling over 17,000 square feet of land, this investment opportunity provides ample space for tenants to enjoy onsite open areas and convenient carport parking. Each unit within the property is individually metered for electricity and gas, offering convenience and flexibility for both tenants and ownership. Furthermore, the current ownership has undertaken significant capital improvements, including new roofs installed on the majority of structures including carports, complete remodeling of the 1-bedroom cottage with updates such as copper plumbing and new electrical, installation of a new water main line, and more. With a substantial 35% upside in rental income, this property presents a compelling opportunity for investors seeking to capitalize on the San Gabriel Valley rental market.
Listing description from the May 2024 sale, as reported to CRMLS.
Sale history
