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4013 Eunice Avenue $950,000

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    4013 Eunice Avenue El Monte, CA 91731

    • 0 Beds
    • 0 Baths
    • 2,567 sq. ft.
    • Multi-Family
    • MLS# CV22135839
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    Views: 4 Days On Market: 54

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    Property Details

    We are pleased to offer for sale this 5 unit multi-family property in the city of El Monte. The subject property is comprised of 5 units spread across 3 separate structures. The front structure is a single story duplex that offers 2(1Bed/1Bath) units. The second structure is a two-story building with 2(1bed/1bath) units situated above four 1-car garages. The last structure is a single story 1Bed/1Bath unit. All units are separately metered for electricity and gas while the owner pays for water and trash. The current owner has held the property for a number of years and kept the rental rates well below market. With a substantial improvement approach, a new investor can reposition the subject property to earn nearly a 9% cash-on-cash return. This property can be purchased independently or in conjunction with the 2 unit duplex property (MLS#CV22135823) that shares the common driveway. There is also a 3rd contiguous parcel for sale as well (MLS#CV22135853) All combined the 3 properties offer 8 units and a total lot size of 20,682 Zoned R4.

    • General Features
      • Buyer Compensation 2.250 %
      • Community Features Curbs, Gutters, Sidewalks
      • County Or Parish Los Angeles
      • Number Of Buildings 2
      • Number Of Separate Electric Meters 5
      • Number Of Separate Gas Meters 5
      • Number Of Separate Water Meters 1
      • Number Of Units Leased 5
      • Number Of Units Total 5
      • YearBuilt 1937
    • Building Features
      • Laundry Features Gas & Electric Dryer Hookup,Inside
    • Property Features
      • Lot Size Acres 0.13
      • Lot Features 2-5 Units/Acre
      • Pool Private Y/N 0
      • Pool Features None
      • Parking Total 5.00

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    Neighborhood

    91731 (El Monte) Demographics

    34 Median Age
    7,811 Population Density (per sq. mile)
    19% College Educated
    $48,723 Estimated Median Income
    3,015 Estimated Total Home Owners
    5,107 Estimated Total Renters
    37% / 63% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    30,313 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $600,000 Median Sales Price
    7 Homes Sold
    1 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $950,000
        8/15/2022 11:31:04 AM Status Changed Source: Multiple Listing Service New Value: Pending
        6/22/2022 6:49:00 PM New in Database Source: Multiple Listing Service New Value: $950,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 8/19/2022 6:38:54 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.