Exclusive Listings

9-unit Single story value add apartment in El Monte

Address:
11513 Medina Ct
El Monte, CA 91731
Price:
$1,850,000
Status:
Available
Type:
Apartment
# Units:
9
Year Built:
1959
Building Size:
4,656 sf
Lot Size:
12,092 sf
CAP Rate:
4.02%
GRM:
15.03x
Price/Unit:
$206,000
Price/SqFt:
$397

INVESTMENT HIGHLIGHTS    

  • Offered at a low price per unit for this area
  • Excellent rental upside potential
  • Strong rental market within low vacancy area; Rental upside
  • Located close to public transits and convenient access to FWY 10
  • Located under California AB1482 Statewide Rent Control, which provides maximum allowable rent increase

PROPERTY HIGHLIGHTS

  • Single story layout with easy to manage unit mix
  • Large lot size with ample parking
  • Building does not have any tuck-under parking; NO soft story retrofit
  • All windows have been upgraded, all units have been updated with new flooring, new kitchen, and new bathroom (updates were completed in 2014-2015)
  • Separately metered for electricity and gas, shared laundry room

EXECUTIVE SUMMARY

11513 Medina Court is a 9-unit single story apartment in the city of El Monte, CA. It was built in 1962 and situated on a large ±12,092SF R4 zoned lot. The property consists of two single-story building with center walkway. It offers an easy to manage layout with all 1bed+1bath units. The property has been mostly upgraded with double pane windows throughout, and all units have been updated as recent as 2014-2015. Each unit has laminate/vinyl wood flooring, new kitchen with granite countertops, and new bathroom. Most of the plumbing in the units have been updated as per needed. Parking is provided via twelve open space parking.  Each unit is individually metered for electricity and gas. Laundry is provided via shared laundry room. The property is an easy apartment to rent due to its convenient location. It offers easy access to many local and national retailers and just minutes away from FWY 10.




Due Diligence


Broker Contact

Han Widjaja-Chen
Direct: 626.594.4900
[email protected]

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Office:
999 S. San Gabriel Blvd.
San Gabriel, CA 91776
Phone: 626.594.4901
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