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    11323 Schmidt Road

    El Monte, CA 91733
    • $3,100,000
    • STATUS: ACTIVE
    • ON SITE: 193 Days
    • ID#: AR21076359
    UPDATED: 19 min ago
    $3,100,000
    • 10
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    A huge $200,000 price reduction for a quick sale. A fully rented 9-unit residential investment property located in the popular neighborhood of El Monte. Convenient location and easy access to shopping, restaurants, schools. The property had a legal Eight 2 bedrooms + 1 office (currently used it as a bedroom) / 1 bath units with 2 parking spaces each and One 1 bedroom / 1 bath unit with one parking space. The property was completely remodeled from ground up. Features for all these 9 units remodel was done around mid-April 2019 include a new 200 AMP electrical panel, new wiring inside, new copper pipe, new sewer line, new gas line, all new double pane windows, recessed lights in living room, wall air condition in each room and living room, new kitchen cabinet with granite top, new bathroom with shower, new wall furnace, and new tile throughout the unit. Most of the roof shingles are new. Each unit has small area in the back with a laundry hookup outside. New concrete slab was paved on the entire driveway. Cap rate is approx. 5.3%. Great location with very low maintenance and low expenses. Price to sell and don't miss this opportunity. A huge $200,000 price reduction for a quick sale. A fully rented 9-unit residential investment property located in the popular neighborhood of El Monte. Convenient location and easy access to shopping, restaurants, schools. The property had a legal Eight 2 bedrooms + 1 office (currently used it as a bedroom) / 1 bath units with 2 parking spaces each and One 1 bedroom / 1 bath unit with one parking space. The property was completely remodeled from ground up. Features for all these 9 units remodel was done around mid-April 2019 include a new 200 AMP electrical panel, new wiring inside, new copper pipe, new sewer line, new gas line, all new double pane windows, recessed lights in living room, wall air condition in each room and living room, new kitchen cabinet with granite top, new bathroom with shower, new wall furnace, and new tile throughout the unit. Most of the roof shingles are new. Each unit has small area in the back with a laundry hookup outside. New concrete slab was paved on the entire driveway. Cap rate is approx. 5.3%. Great location with very low maintenance and low expenses. Price to sell and don't miss this opportunity.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.welcometosandiegorealestate.com/homes/116168613
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    11323 Schmidt Road El Monte, CA 91733

    • Price: $3,100,000
    • Status: ACTIVE
    • Updated: 19 min ago
    • ID#: AR21076359
    10
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    Neighborhood:
    South El Monte (91733)
    County:
    Los Angeles
    Area:
    South El Monte (91733)
    Property Description
    A huge $200,000 price reduction for a quick sale. A fully rented 9-unit residential investment property located in the popular neighborhood of El Monte. Convenient location and easy access to shopping, restaurants, schools. The property had a legal Eight 2 bedrooms + 1 office (currently used it as a bedroom) / 1 bath units with 2 parking spaces each and One 1 bedroom / 1 bath unit with one parking space. The property was completely remodeled from ground up. Features for all these 9 units remodel was done around mid-April 2019 include a new 200 AMP electrical panel, new wiring inside, new copper pipe, new sewer line, new gas line, all new double pane windows, recessed lights in living room, wall air condition in each room and living room, new kitchen cabinet with granite top, new bathroom with shower, new wall furnace, and new tile throughout the unit. Most of the roof shingles are new. Each unit has small area in the back with a laundry hookup outside. New concrete slab was paved on the entire driveway. Cap rate is approx. 5.3%. Great location with very low maintenance and low expenses. Price to sell and don't miss this opportunity. A huge $200,000 price reduction for a quick sale. A fully rented 9-unit residential investment property located in the popular neighborhood of El Monte. Convenient location and easy access to shopping, restaurants, schools. The property had a legal Eight 2 bedrooms + 1 office (currently used it as a bedroom) / 1 bath units with 2 parking spaces each and One 1 bedroom / 1 bath unit with one parking space. The property was completely remodeled from ground up. Features for all these 9 units remodel was done around mid-April 2019 include a new 200 AMP electrical panel, new wiring inside, new copper pipe, new sewer line, new gas line, all new double pane windows, recessed lights in living room, wall air condition in each room and living room, new kitchen cabinet with granite top, new bathroom with shower, new wall furnace, and new tile throughout the unit. Most of the roof shingles are new. Each unit has small area in the back with a laundry hookup outside. New concrete slab was paved on the entire driveway. Cap rate is approx. 5.3%. Great location with very low maintenance and low expenses. Price to sell and don't miss this opportunity.
    Exterior Features

    Exterior Stucco Parking Garage Desc Unit1 Assigned Pool N/K Roof Composition Site Curbs Spa N/K

    Interior Features

    Cooling Wall/Window Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Annual Expense Actual 67092 Buildings 6 Gross Scheduled Income Actual 231900 Possession Close Of Escrow Sewer Septic Sewer Connected Tenant Pays ElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 6900.0 Unit2 Rent Actual 4620.0 Unit3 Rent Actual 1978.0 Unit4 Rent Actual 1427.0 Zoning Public Rec

    Listing provided courtesy of Cbd Investment Inc T.C.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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