2529 ADELIA AVE
SOUTH EL MONTE, CA 91733

$2,075,000

N/A Beds

0 Baths

6,267 Sq Ft

Status Pending

MLS# CV24039778

We are pleased to offer for sale this multi-unit residential property in the city of South El Monte which boasts a unique combination of side by side Triplex & Fourplex, offering a diverse unit mix. Investors will appreciate the potential to utilize residential financing with 30-year fixed loans available for each parcel, enhancing the accessibility of this lucrative venture. The property features a thoughtfully designed layout including a 4-bedroom/2-bathroom cottage, two 3-bedroom/1-bathroom units, a 2-bedroom/1-bathroom cottage, two additional 2-bedroom/1-bathroom units, and a 1-bedroom/1-bathroom cottage, catering to a wide range of tenant needs. Spanning across two contiguous parcels, totaling over 17,000 square feet of land, this investment opportunity provides ample space for tenants to enjoy onsite open areas and convenient carport parking. Each unit within the property is individually metered for electricity and gas, offering convenience and flexibility for both tenants and ownership. Furthermore, the current ownership has undertaken significant capital improvements, including new roofs installed on the majority of structures including carports, complete remodeling of the 1-bedroom cottage with updates such as copper plumbing and new electrical, installation of a new water main line, and more. With a substantial 35% upside in rental income, this property presents a compelling opportunity for investors seeking to capitalize on the San Gabriel Valley rental market.

Details for 2529 ADELIA AVE

Built in 1948

$331 / Sq Ft

14 parking spaces

91 Days on website

0.3924 acres lot

Interior

Living Area

6,267 SqFt.

Building And Construction

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Year Built

1948

Exterior And Lot

Garage Spaces

Lot Size Acres

0.3924

Lot Size Square Feet

17092

Lot Size Units

Square Feet

Parking Total

Zoning

SER3*

Area And Schools

City

South El Monte

County Or Parish

Los Angeles

Financial Info

Buyer Agency Compensation^*

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Price per square foot and days on website are not provided values and are calculated by RE/MAX.

Listing Agent

Kristopher German

Listing Office

RE/MAX 2000 REALTY, 626-956-0188

Updated

12:00am UTC- 5/29/2024

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