El Monte, CA 91732,12127 Roseglen ST
El Monte, CA 91732,12127 Roseglen ST
El Monte, CA 91732,12127 Roseglen ST
El Monte, CA 91732,12127 Roseglen ST
El Monte, CA 91732,12127 Roseglen ST
El Monte, CA 91732,12127 Roseglen ST
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$2,030,000

$1,925,000

5.5%
Est.Price: ?

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Est. payment /mo

0.94 Acres Lot


SOLD DATE : 02/01/2024

Key Details

Sold Price $2,030,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24011753

Sold Date 02/01/24

HOA Y/N No

Year Built 1956

Lot Size 0.937 Acres

Property Description

We are pleased to offer for sale a rare investment opportunity in the highly sought after rental community of the city of El Monte: a collection of 6 detached, cottage-style units, on the market for the first time since their initial construction. This unique property spans a vast 40,832 square foot lot (nearly an acre) and offers a substantial rental space of 5,744 square feet. The subject property offers a favorable unit mix that includes; 1(3 Bed/2 Bath), 2(3Bed/1Bath), and 3(2 Bed/1Bath). Tenants are responsible for all utilities, including water (separate meters all units). This aspect significantly reduces operating expenses for the owner, enhancing the investment's appeal. The property is also designed to attract and retain tenants with its ample open spaces, convenient onsite parking, and the coveted amenity of washer/dryer hookups in some units. Furthermore, each unit boasts its own front yard and backyard, offering a sense of privacy and community living. With the immense potential of 37% upside in rental income, and no local city rent control in place, a new owner can take advantage of the repositioning opportunity this investment offers.

Location

State CA

County Los Angeles

Area 619 - El Monte

Zoning EMR1B*

Interior

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 20

Private Pool No

Building

Lot Description 6-10 Units/Acre, Lot Over 40000 Sqft

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 8547008029

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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Valerie Van De Zilver

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California Regional MLS (CRMLS)
Listed by Kristopher German • RE/MAX 2000 REALTY • 909-645-0443
Bought with Kristopher German • RE/MAX 2000 REALTY
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5280 2nd St., Long Beach, CA, 90803 Unit, USA

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