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El Monte, CA 91732 3438 Gilman Road

$950,000

Pending
3438 Gilman Road El Monte, Ca - Image 13438 Gilman Road El Monte, Ca - Image 23438 Gilman Road El Monte, Ca - Image 3
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3438 Gilman Road El Monte, Ca - Image 4
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
  • MLS# CV24015480
  • 01/25/2024
  • Request Tour
  • Request Info
  • BedBeds • 5
  • BathBaths • 4
  • FootageSQFT • 2,446

Home Details

JUST REDUCED! We are pleased to present a 4-Unit multi-family investment opportunity in the prime area of North El Monte. This fourplex features (1) 2-Bed/1-Bath unit, and (3) 1-Bed/1-Bath units. Tenants have access to on-site carport parking and yard space. Each unit is separately metered for gas and electricity. This property offers a substantial 45% potential upside in rental income, making it an attractive prospect for maximizing return on investment. Moreover, the property enjoys the advantage of no local city rent control, giving you the flexibility to reposition tenants with a "substantial remodel" approach in an effort to obtain competitive rental rates, and optimize your investment strategy. One unit to be delivered vacant at the close of escrow.
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443

Interior Features for 3438 Gilman Road

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, ElectricDryerHookup, GasDryerHookup, Inside
Street SuffixRoad
Total Stories2

Other Rooms

Entry Level1

General for 3438 Gilman Road

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces4.0
Carport Y/NYes
CityEl Monte
Community FeaturesCurbs, Gutters, Sidewalks
CountyLos Angeles
Days on Market56
DirectionsNorth of I-10, West of I-605; Near the Intersection of Exline St & Gilman Rd
Electric Expense204.0
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income68940.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense2500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet5300.0
MLS Area619 - El Monte
MaintenanceExpense3000.0
MobileHomeRemainsYNNo
Net Operating Income44051.0
New ConstructionNo
Operating Expense22821.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Street NameGilman
Tax Lot7
Taxes$12,425
Tenant PaysElectricity, Gas
Total Units4
Trash Expense2676.0
View Y/NNo
Water Sewer Expense2016.0
Waterfront Y/NNo
Year Built1962
Year Built SourceAssessor
ZoningEMR3YY

Exterior for 3438 Gilman Road

Building Area Total2446.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre
Lot Size Acres0.1217
Lot Size Area5300.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $950,000
MLS#CV24015480
List Date 01/25/2024
Property Type Pending
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors