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Listed by Tom Safa • Safa Real Estate
$ 1,249,000
Est. payment /mo
Price Dropped by $51K
11133 Schmidt Road El Monte, CA 91733
2,512 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,512 sqft
Price per Sqft $497
MLS Listing ID AR-25023389
Year Built 1962
Lot Size 0.303 Acres
Property Sub-Type Triplex
Property Description
First time on the market in decades--a reliable, low maintenance rental property in El Monte. For sale are three units including a detached garage on a large 13,177 square foot lot in the heart of a very popular rental market. All three units are currently rented to long term tenants at below market rates. Take advantage of the opportunity to add value with rent increases and making minor renovations. Currently, the garage is not being utilized, allowing for the possibility of converting it into livable space, further increasing cash flow without disrupting the current tenants' parking. Adding an ADU/JADU can add tremendous value. All three units are separately metered and have ample parking space. Tenants are responsible for all utilities. This property is easy to operate and has huge upside potential.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR3*
Interior
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Parking Features Gated
Pool None
Community Features Curbs
Building
Lot Description Front Yard
Sewer Unknown