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Key Details
Sold Price $630,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,324 sqft
Price per Sqft $475
MLS Listing ID OC20170800
Sold Date 11/24/20
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1930
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Welcome to this Charming Duplex perfect for First Time Buyers! This property offers the potential for two families to live in separate homes on the same lot. This oversized lot has 2 separate houses, a huge driveway, and ample parking. Great opportunity to live in the front house while earning income from the back house. The seller already has plans with the City of El Monte for construction of a New 2-unit Multi Family Residence with a proposed square footage of 1115 sq. ft for the front house and 800 sq. ft for the back house. Buyer is responsible for verifying all property information with the city and conducting their own due diligence. The front house is a 2 bed and 1 bath with attached carport and the back unit is a 1 bed and 1 bath. Both homes are tenant occupied. The property has a gross monthly income of $3,200, and as a buyer you will have the opportunity to remodel or build on the land while still keeping some of the rental income. The property is in need of some repairs to bring it back to its full potential and maximize rental income, as it currently rents slightly below the market average. Conveniently located for transportation, one of the safest neighborhoods of El Monte, and so much building potential... Don’t miss out on this gem. Contact us today for more info!
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR4YY
Rooms
Main Level Bedrooms 2
Ensuite Laundry Inside
Interior
Interior Features All Bedrooms Down
Laundry Location Inside
Cooling None
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Garage Attached Carport, Driveway
Carport Spaces 1
Pool None
Community Features Curbs, Gutter(s), Street Lights, Suburban, Sidewalks
Utilities Available Cable Available, Electricity Available
View Y/N Yes
View City Lights, Neighborhood
Parking Type Attached Carport, Driveway
Total Parking Spaces 1
Private Pool No
Building
Lot Description 2-5 Units/Acre, Back Yard, Front Yard
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District El Monte Union High
Others
Senior Community No
Tax ID 8577011019
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan
Financing FHA
Special Listing Condition Standard
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Bought with DAYONG DENG • Century 21 Adams & Barnes