11500 Mcgirk Avenue, El Monte, CA 91732

$665,000
Sold Price
$665,000
List Price
$625,000
Closing Date
Nov 05, 2014
Status
CLOSED
MLS#
AR14177770
Year Built
1934
Lot Size
15,688
Acres
0.36
Lot Location
Back Yard, Corner Lot, Front Yard, Landscaped, Level, Yard
Days on Market
0
Property Type
Multifamily
Stories
One Level

Property Description

FIRST TIME ON THE MARKET EVER! ATTRACTIVE 3-UNIT INCOME PROPERTY IN NORTH EL MONTE WITH R-3 ZONING. DON'T MISS THIS RARE OPPORTUNITY TO INVEST IN THIS FANTASTIC PROPERTY WITH HUGE LONG-TERM & SHORT-TERM POTENTIAL. LARGE LOT SIZE CERTAINLY ALLOWS OWNER TO BUILD AND EXPAND...THE POSSIBILITIES ARE ENDLESS. IDEAL CORNER LOT LOCATION, WITH HUGE 15,688 SF LOT SIZE! ALL 3 UNITS ARE DETACHED, FENCED, AND HAVE INDIVIDUAL METERS - GREAT FOR PRIVACY. UNITS ARE IN GOOD CONDITION, SEPARATE LAUNDRY AREAS, WINDOW A/C UNITS, NICELY LANDSCAPED WITH MATURE PLANTS/TREES. PLENTY OF PARKING, ADDITIONAL LARGE GARAGE STRUCTURE IN THE REAR. TREE BRANCH FELL ON GARAGE AND NEEDS REPAIR. INVESTMENT PROPERTY INCLUDES 3 SEPARATE ADDRESSES: 11500 MCGIRK, 11506 MCGIRK, & 4366 ELROVIA. PICS FROM 11506 MCGIRK WERE TAKEN ON 5/24/2013. NICE NEIGHBORHOOD ALONG QUIET STREET WITH WONDERFUL LOCATION IN NORTH EL MONTE. TOTAL CURRENT RENTS ARE $3655/ MONTH, FANTASTIC CAP RATE FOR INVESTORS. ALL INFORMATION DEEMED RELIABLE, BUYER TO VERIFY AND CHECK WITH CITY FOR ALL THE WONDERFUL POSSIBILITIES OF THIS HUGE LOT!

Additional Information

Pool Description
None
Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Garage Spaces Total
2
Water
Public
Interior Features
Ceiling Fan(s), Tile Counters
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$43,860
Operating Expense
75

Listing courtesy of Listing Agent: Kelvin Chang (kelvin.chang@coldwellbanker.com) from Listing Office: Coldwell Banker Dynasty T.C..

Listing sold by Kelvin Chang from Coldwell Banker Dynasty T.C.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.