2424 Continental Avenue, South El Monte, CA 91733
  • MLS#: SB25137886 ( Commercial/Residential )
  • Street Address: 2424 Continental Avenue
  • Viewed: 1
  • Price: $2,100,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1949
  • Bldg sqft: 0
  • Days On Market: 29
  • Additional Information
  • County: LOS ANGELES
  • City: South El Monte
  • Zipcode: 91733
  • Provided by: Engel & Volkers LA South Bay
  • Contact: David David
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Unlock the potential of this court style 7 unit multi family complex, ideally situated in a rapidly growing South El Monte neighborhood. Sited on an expansive 26,994 sq. ft. R 3 zoned parcel, this investment offers both stable cash flow and value add upside. The property comprises Six 2 bed, 1 bath units, each with its own front yard and dedicated 1 car garage, plus a standalone 3 bed, 1 bath housealso with its own garage. All units are individually metered for gas and electricity and fully occupied by month to month tenants, providing flexibility for repositioning or redevelopment. The location provides exceptional access to the 10, 605, and 60 freeways, catering to diverse tenant needs and ensuring continued rental demand. Zoned R 3buyers are advised to verify the potential to redevelop up to 20 units (buyer to verify). Dont miss this opportunity to secure a prime, income generating asset with significant upside! Analysis and expenses are proforma.
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Features
Assessments
  1. Unknown
Association Fee
  1. 0.00
Building Area Total
  1. 6684.00
Commoninterest
  1. None
Common Walls
  1. 1 Common Wall
Country
  1. US
Days On Market
  1. 16
Entry Location
  1. entry
Garage Spaces
  1. 7.00
Insurance Expense
  1. 9000.00
Laundry Features
  1. Inside
Levels
  1. One
Lot Features
  1. Lot 20000-39999 Sqft
Netoperatingincome
  1. 109566.00
Newtaxesexpense
  1. 26250.00
Parcel Number
  1. 8104020021
Pool Features
  1. None
Postalcodeplus4
  1. 2731
Professionalmanagementexpense
  1. 9240.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 441302820:CRM
Totalactualrent
  1. 8870.00
Totalexpenses
  1. 69690.00
Trash Expense
  1. 9000.00
Uncovered Spaces
  1. 7.00
Virtual Tour Url
  1. https://tours.tourfactory.com/tours/tour.asp?t=3212496&idx=1
Water Sewer Expense
  1. 7200.00
Water Source
  1. Public
Year Built
  1. 1949
Year Built Source
  1. Assessor
Zoning
  1. SER3*