10808 ELLIOTT AVE EL MONTE, CA 91733

Features

• Price/sqft: $514
• Lot Size: 17507 sq. ft.
• Total Units: 7
• Total Rooms: 10
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
• Stories: 100
• Roof Type: GABLE
• Heating: 24
• Construction Type: Wood
• Exterior Walls: Stucco

Facts

• Year Built: 01/01/1954
• Property ID: 888017702
• MLS Number: CV24100253
• Parcel Number: 8104-018-020
• Property Type: Townhouse or Condo
• County: LOS ANGELES
• Legal Description: TRACT # 565 LOT COM ON S LINE OF ELLIOTTAVE 55 FT WIDE E 75.76 FT FROM W LINE OFLOT 11 TH S 8927'40 E 76 FT WITH A UNIFORM DEPTH OF 232 FT S 0 30'45 W PART OF LOT 11
• Zoning: SER3*
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. We would like to present 10808 Elliott Avenue, a 7-unit property located in a prime area of El Monte, free from rent control constraints providing maximum allowable rent increases under California AB1482. Current rents are significantly below market with a 3.64 CAP RATE. Increasing rents to market rates shows a PROFORMA 6.54 CAP RATE! The units consist of 4 one story buildings with concrete driveway that allows parking for 16 cars. Six 1 bedroom 1 bathroom units and One 2 bedroom, 1 bathroom stand alone unit. Possible room for ADU (check with city) Most of the roofs have recently been replaced along with other upgrades. The units are 100% occupied. Each unit has individual metering for gas and electricity. The location offers various conveniences to diverse tenant demographics along with convenient transportation routes to 10, 605 and 60 freeways, three elementary schools, El Monte High School, Aquatic Center, Court House and Civic Center, Social Security Administration and Rio Hondo College. El Monte allows easy routes and transportation to DTLA a major employment capital via the EL MONTE TRANSIT CENTER and Fastrak Toll Road. The propertys central location offers access to a variety of attractions offered by Los Angeles County, Orange County and the Inland Empire.