11106 Klingerman ST #6 new Save Request In-Person Tour Request Virtual Tour
El Monte,CA 91733
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25178491
HOA Y/N No
Year Built 1957
Lot Size 6,703 Sqft
Property Sub-Type Apartment
Property Description
Outstanding investment opportunity in the heart of the strong San Gabriel Valley rental market! This multi-family property offers all spacious 2-Bed/1-Bath units totaling 5,200 rentable square feet on a 6,705 square foot lot. With no local city rent control and a 30% upside in rental income, there's tremendous potential to boost cash-flow and long-term value. Tenants enjoy desirable amenities including gated private parking, interior laundry hookups, and copper plumbing throughout. At an attractive price of only $232,000 per unit, the property is positioned to deliver strong returns with a current CAP Rate of 5.56% & GRM of 11.87...and it only gets better from there. Seller is motivated and priced to sell—don't miss this rare chance to acquire a quality asset in one of Southern California's most sought-after rental markets!
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR3*
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Electric Dryer Hookup,Gas Dryer Hookup
Exterior
Parking Features Assigned,Carport
Carport Spaces 6
Fence Wrought Iron
Pool None
Community Features Sidewalks
Utilities Available Electricity Available,Natural Gas Available,Sewer Available,Water Available
View Y/N No
View None
Roof Type Shingle
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8105019019
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard