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2528 Edwards Avenue $3,200,000

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    2528 Edwards Avenue South El Monte, CA 91733

    Closed
    SOLD 10/7/2022

    $3,200,000

    • 0 Beds
    • 0 Baths
    • 8,856 sq. ft.
    • Multi-Family
    • MLS# CV22190701
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    Property Details

    We are pleased to offer for sale this 12 unit multi-family investment located in the city of South El Monte. The subject property was constructed in 1987 and consists of ALL 2Bed/2Bath units. The rental units are good sized and the total lot size is 21,213 SqFt. Tenants enjoy private patios, two assigned parking spaces per unit (1 garage space as well as 1 open space/car-port), and an onsite laundry facility (currently not in use). Tenants pay for electricity and gas while the owner pays for water and trash. This property is a great opportunity for the savvy investor looking for a newer constructed building, priced well for the marketplace, and located in the highly sought after San Gabriel Valley. With a minimum of 37% upside in market rental income, a new investor can take advantage of a substantial repositioning opportunity that, once repositioned, will provide great cash-flow and appreciation for years to come.

    • General Features
      • Buyer Compensation 2.000 %
      • Community Features Curbs, Gutters, Sidewalks
      • County Or Parish Los Angeles
      • Number Of Buildings 1
      • Number Of Separate Electric Meters 12
      • Number Of Separate Gas Meters 12
      • Number Of Separate Water Meters 1
      • Number Of Units Leased 12
      • Number Of Units Total 12
      • YearBuilt 1987
    • Building Features
      • Carport Spaces 3.00
      • Laundry Features Community,Inside
      • Levels Two
    • Property Features
      • Lot Size Acres 0.48
      • Lot Features 11-15 Units/Acre, Lot 20000-39999 Sqft
      • Pool Private Y/N 0
      • Pool Features None
      • Parking Total 27.00

    Neighborhood

    91733 (South El Monte) Demographics

    35 Median Age
    6,427 Population Density (per sq. mile)
    14% College Educated
    $57,500 Estimated Median Income
    5,176 Estimated Total Home Owners
    5,692 Estimated Total Renters
    48% / 52% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    44,908 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $636,000 Median Sales Price
    7 Homes Sold
    6 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        10/7/2022 2:00:00 AM Sold Source: Multiple Listing Service New Value: $3,200,000
        9/9/2022 4:32:27 PM Status Changed Source: Multiple Listing Service New Value: Pending
        Based on information from California Regional Multiple Listing Service, Inc. as of 11/30/2022 10:35:32 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.