$950,000
3438 Gilman Road, El Monte 91732
5
Beds
4
Baths
5,300
Lot Size
4
# Of Units
Listing Agent
Kristopher German - RE/MAX 2000 REALTYJUST REDUCED! We are pleased to present a 4-Unit multi-family investment opportunity in the prime area of North El Monte. This fourplex features (1) 2-Bed/1-Bath unit, and (3) 1-Bed/1-Bath units. Tenants have access to on-site carport parking and yard space. Each unit is separately metered for gas and electricity. This property offers a substantial 45% potential upside in rental income, making it an attractive prospect for maximizing return on investment. Moreover, the property enjoys the advantage of no local city rent control, giving you the flexibility to reposition tenants with a "substantial remodel" approach in an effort to obtain competitive rental rates, and optimize your investment strategy. One unit to be delivered vacant at the close of escrow.
Facts & Features
| MLS® # | CV24015480 |
|---|---|
| Price | $950,000 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Lot Size | 5,300 |
| Year Built | 1962 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
| # Of Units | 4 |
Community Information
| Address | 3438 Gilman Road |
|---|---|
| Area | 619 - El Monte |
| City | El Monte |
| County | Los Angeles |
| Zip Code | 91732 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | 2-5 Units/Acre |
|---|
Additional Information
| Date Listed | January 25th, 2024 |
|---|---|
| Days on Market | 59 |
| Zoning | EMR3YY |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Kristopher German |
|---|---|
| Office | RE/MAX 2000 REALTY |