2546 Potrero Avenue El Monte, CA ^$ 1,990,000

2546 Potrero Avenue

^$ 1,990,000

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2546 Potrero Avenue

El Monte, CA, 91733

^$ 1,990,000

Bedrooms13 Baths7.0 Sq 6,045

Monthly Estimate*

^$ 13,226

Listed by NextGen Team Realty

2546 Potrero Avenue, El Monte, CA 91733 - Image 1

2546 Potrero Avenue, El Monte, CA 91733 - Image 2

2546 Potrero Avenue, El Monte, CA 91733 - Image 3

Multi-Family Home for sale in El Monte, CA

for $1,990,000 with 13 bedrooms and 7 full baths. This 6,045 square foot home was built in 1962 on a lot size of 0.1952.

Huge opportunity for investors to get into CA’s ever lasting hot rental market!! This 13 bedrooms, 7-units complex (2 bed/1 bath: 6 units, & 1 bd/1 bath) sprawls on a 6,046 sqft of living space, has a common laundry area, parking in the back and the front, and conveniently located near the Garvey commercial business; business district and Potrero Elementary. Remodeled between 2017/2018, the property is well kept and features upgrades such as a newly installed roof, newer bathrooms and kitchens, carpets, and a new electrical panel. Renters are on a yearly lease basis and the leases will be transferred to the buyer(s). The chance to become an investor/landlord in California is becoming few and far in between. This one is no exception to the rule and is expected to go fast!

Multi-Family Active

Price

^$ 1,990,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.1952

Year Built

1962

Town/City

El Monte

County/Region

Los Angeles

MLS | Web ID

OC24103692

Days on Market

Features

General

Sewer PublicSewer

Heating WallFurnace

Cooling WallWindowUnits

Utilities ElectricityConnected NaturalGasConnected SewerConnected

Roof Composition

Garage Spaces 0.0

Pool Features None

Construction Materials Drywall

Year Built 1962

Property SubType Apartment

Gross Income 425.0

Community Features StreetLights

County Los Angeles

Net Operating Income 78092.0

Operating Expense 12568.0

Insurance Expense 3628.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Garvey/Merced Ave

City El Monte

Entry Location Front

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 7

MLS Area 619 - El Monte

Lot Size Units SquareFeet

Lot Size Square Feet 8504.0

Private Pool N

Waterfront Y/N N

Carport Spaces 8.0

Carport Y/N Y

Number of Units Leased 7

Listing Terms Cash CashtoNewLoan Conventional

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 720.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 1000.0

Water Sewer Expense 5760.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 2

Building Area Units SquareFeet

Standard Status Active

Year Built Source Estimated

Tax Lot 26

Total Actual Rent 7555.0

Property Sub Type Additional Apartment

Expected Active Date 2024-05-23

Exterior

Lot Features Item01UnitAcre Garden

Water Source Public

Total Parking 8.0

Lot Size Area 8504.0

Number of Buildings 1

Spa N

Building Area Total 6045.0

Lot Size Acres 0.1952

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 8

Number of Separate Electric Meters 8

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 2546

* Excluded Features

List By

Nextgen Team Realty

Broker

(657) 208-3070

Phone

Affordability Calculator

$13,226

Per Month

Monthly Principal & Interest: $13,226
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in El Monte, CA

Average List Price ^$1,280,411

Percent of Sale Price 36%

About El Monte, CA

113,681 Population

-1% Since 2002

^$41,088 Median Income

34.42 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/23/2024	$1,990,000		Listed Price

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2546 Potrero Avenue, El Monte, CA, 91733 is a Multi-Family Home for sale at $1,990,000 with 6,045 sqft and a lot size of 0.1952. 2546 Potrero Avenue has 13 bedrooms, 7.0 baths, and was built in 1962. The property's zip code is 91733 which is in El Monte, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/22/2024. 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.

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2546 Potrero Avenue

Multi-Family Home for sale in El Monte, CA

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