Conveniently located just south of Ramona Boulevard on Santa Anita Avenue and north of the 10 freeway. Across the street there is the $60 million newly renovated El Monte Metro Station. There is the ongoing $700 million El Monte Gateway project across the street, a mixed-use development consists of 208 apartment units and retail. This investment opportunity presents approx. 36% upside potential in rental income. Property sold ''As-Is'' in its present condition, Seller will not pay or make any repairs/replacements.A total of three buildings with a total building size of +/-12,958 square feet, sitting on a +/-25,480 square feet lot. The property has an excellent unit mix of (10) 1 bed / 1 bath, and (8) 2 bed / 1 bath. Average unit size is at a spacious +/-720 square feet. Approximately 40% of the units have been renovated with laminated flooring, tiled bathroom, and updated cabinetry. Total of 22 parking spaces in the rear of the property, 16 covered spaces and 6 open spaces. Extra parking and laundry generate additional income. Buyer to verify all information herein. Broker/Agent and Seller does not guarantee its accuracy.
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