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11720 Lambert AVE El Monte, CA 91732
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Key Details
Sold Price $1,350,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,442 sqft
Price per Sqft $392
MLS Listing ID WS21176660
Sold Date 01/25/22
HOA Y/N No
Year Built 1954
Lot Size 0.538 Acres
Acres 0.5378
Property Description
BACK ON THE MARKET! Previous buyer's loss is your gain to this 23,427 sqft lot property. It is a perfect investment to receive passive income of $5350 a month or for new development. Huge upside rental income potential here. Rents currently are very low compared to market rent. Tenants have been paying on-time even during the pandemic. Front unit is 3beds, 2bath rented $1600. 2 back units are 2bedrooms, 1bath each rented for $1500 & $1300; 1bed & 1bath rented for $950/month which is not on title, but per City record, it's a 468 square feet single family dwelling. Please review supplement documents. Expenses is just an estimate.
It’s upper north of El Monte & there are many multiple homes in development or have been re-built in recent years in the neighborhood. The potential is unlimited with this huge lot property. It’s sold AS IS, NO REPAIRS, NO TERMITE WORK, or CREDIT will be provided by seller. Easy access to the 10, 210, 605 freeways, supermarkets, shops, restaurants, and public transportation. Please DO NOT DISTURB occupants.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR1BY
Rooms
Ensuite Laundry SeeRemarks
Interior
Laundry Location SeeRemarks
Fireplace No
Laundry SeeRemarks
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description BackYard, FrontYard
Sewer PublicSewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 8548011008
Acceptable Financing Cash, CashtoNewLoan, Conventional
Listing Terms Cash, CashtoNewLoan, Conventional
Financing CashtoNewLoan
Special Listing Condition Standard
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Bought with Wilson Fang • Wilson C Fang, BROKER