3043 Potrero Avenue, El Monte, CA 91733
  • MLS#: 25521025 ( )
  • Street Address: 3043 Potrero Avenue
  • Viewed: 2
  • Price: $3,100,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 25
  • Additional Information
  • County: LOS ANGELES
  • City: El Monte
  • Zipcode: 91733
  • Provided by: Maywood Property Group
  • Contact: Nicholas Nicholas
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    This rare 14 unit multifamily investment is packed with potential, offering all two bedroom / one bath units, an ideal mix given the property's proximity to multiple schools, making it especially attractive to renters. Located in the growing submarket of El Monte, where average rents continue to rise despite broader market softening, this asset presents a compelling value add opportunity.Each unit features in unit washer and dryer hookups and individual water heaters, a rarity for a property of this vintage. With no local rent control, investors have a clear path to unlocking over 33% rental upsidebefore even factoring in additional revenue from RUBS and potential ADU additions.The property also offers ample parking with 12 covered spaces, 6 single car garages, and 10 striped surface spots, adding to its tenant appeal. With strong rental growth trends and significant upside potential, this is a prime investment opportunity in one of the San Gabriel Valley's most promising submarkets.
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Features
Building Area Total
  1. 11234.00
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Heating
  1. Wall Furnace
Laundry Features
  1. Washer Included
  2. Dryer Included
Levels
  1. Multi/Split
Netoperatingincome
  1. 166994.00
Parcel Number
  1. 8581015022
Parking Features
  1. Garage - Single Door
  2. Covered
  3. Guest
  4. Parking Space
Postalcodeplus4
  1. 1249
Sourcesystemkey
  1. 25521025:CLAW
Totalexpenses
  1. 107190.00
Year Built
  1. 1963
Zoning
  1. EMR3*