Sold

Closed

10809 Elliott Avenue

El Monte CA, 91733

$1,300,000


$406.25 per sqft

Sold

Closed

3,200 sqft

Multi-family

Built in 1959

Listed by John Simcoe with Keller Williams Realty 951-217-8878

Introducing a lucrative four-unit income property nestled in the heart of El Monte, California, conveniently positioned between the 60 Freeway , 605 Freeway & the 10 Freeway. This excellent investment opportunity boasts an array of features that make it an attractive choice for savvy investors. Just completely remodeled 1 1/2 years ago, New everything, New white shaker kitchen cabinets, New stainless steel sinks/faucetts, New Quartz counters, New range, New garbage disposal, New white faux blinds, New stoves, New paint inside/outside, New range hoods, New doors/hardware, New LVT flooring, New bathrooms to include tubs/showers, cabinet, counters, lighting, fixtures, toilets and sinks, New air conditioners with remotes, New dual sided wall heaters, New tankleess water heaters, New thermostats, New sub-panel, New electrical outlets, New sliding glass doors, New Low E dual pane windows, New landscaping, New outdoor lighting with timers, Property Details: Number of Units: 4 Unit Configuration: All units consist of two bedrooms & one bathroom, each spanning approximately 800 Sq/Ft. Flooring: New LVT flooring throughout, ensuring durability and low maintenance for the property. Tenant Stability: Current tenants have established a standing presence on the property, approx 1.5 years, providing a stable & consistent rental income stream. Additional Income Source: The property offers 3 additional assigned parking spaces. Modern Amenities: All units are equipped with wall air conditioning units, dual-sided wall furnaces ensuring comfortable living for tenants year-round. Moreover, washer dryer hookups are conveniently provided inside each unit for added convenience & desirability. Utility Configuration: Separate Electric and Gas meters for all units provide ease of management and enable tenants to have individual control over their utility expenses. . Carports: All units come with one covered carport. Spaciousness & Land: The combined square footage of all units is an impressive 3200, and the property sits on a 6442 Sq/Ft lot, offering ample outdoor space. The property presents an exceptional opportunity for an astute investor seeking a well-maintained, income-generating property in a prime location 14 miles to downtown Los Angeles and 30 miles to Santa Monica Beach.. With its established tenant base, completely remodeled units, this property promises an excellent return on investment & continued financial success. 10813 El Monte, can be sold as a porfolio package

IG24164863

MLS ID

August 9, 2024

Listed

December 7, 2024

Updated

Map

10809 Elliott Avenue
El Monte CA, 91733

Interior Features

Total Stories

2


Appliances

Free-Standing Range


Laundry Description

Washer Hookup, Gas Dryer Hookup, Inside


Floor Description

Laminate


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.15 Acres


Lot Features

Front Yard


Roof

Rolled/Hot Mop


Sewer

Public Sewer

Other Property Details

Area Name

619 - El Monte


Days on Market

116


Garage

No


Parking

Detached Carport


Parking Total

4


View

No


View Description

None


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

EMR3*

Listing History

Date

Event

Price

12/7/2024

Sold

$1,300,000

12/4/2024

Under contract

11/12/2024

Price change

$1,400,000

-7%

9/26/2024

Price change

$1,499,900

-6%

9/11/2024

Price change

$1,595,000

-12%

Listing Contact: 951-271-3000 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/7/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2025 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/7/2024 at 11:12 AM UTC

 

Powered byLuxury Presence