Description
All leases are month to month and rents can be increased right after close. Excellent investment opportunity! Monterey Park City prime and high demanded rental area, ± 3800 SQFT buildings on a ± 7864 SQFT lot, total four very spacious and bright units. Ideal for living in one and collect rents on others. The front detached one-story single house has 3 bedrooms and 1.75 bathrooms with a private backyard ($1,800/month). The back two-story building has three 2 bedrooms 1 bathroom units ($1,330/month, $1,380/month, and $1,200/month), each one has a private balcony and shared big front patios. Six carport plus tandem total ten parking spaces, on-site laundry, separated electric and gas meters. Well maintained and very easy to manage. The rents are noticeably below market, offer investors over 37% upside potential. Very close to Brightwood Elementary School, Sunnyslopes Park, and East Los Angeles College; belonging to the famous Mark Keppel High School; just minutes away from Freeway 60, 710, and 10; only 5 miles away from Downtown Los Angeles. Walking distance to Atlantic Blvd commercial corridor, which has groceries, pharmacy stores, banks, restaurants, various shops, public transportations, and much more. Drive by only, do not disturb tenants, they don’t know the sale.
Location
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Listing Agent: DORESA WANG Courtesy of: Palm International Real Estate Inc. The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 22nd March, 2023 2:50 AM (UTC)
