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$1,500,000
Est. payment /mo
0.33 Acres Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS25125084
HOA Y/N No
Year Built 1963
Lot Size 0.333 Acres
Property Sub-Type Apartment
Property Description
Presenting 11215 Mulhall St, El Monte, a well-maintained 5-unit multifamily property situated on a spacious 14,516 SF lot. This prime investment opportunity offers stable tenancy with significant rental upside in the highly desirable Southern California rental market.
Built in 1963, the front building features a 2-bedroom/1-bathroom single-family home, while the rear fourplex consists of all 2-bedroom/1-bathroom units. Each unit is individually metered for gas and electricity and includes laundry hookups, individual water heaters, and covered parking.
The property benefits from a solid tenant base, with current rents below market levels, providing great rental upside. With no local rent control in El Monte, investors can capitalize on the ability to implement rent increases in line with California AB1482 guidelines.
Strategically located, the property offers convenient access to downtown El Monte, local schools, the Metrolink station, and major transportation routes, including the 10 and 605 freeways.
This offering presents a rare opportunity to acquire a stable, income-generating asset with strong upside potential for rental growth and long-term appreciation in one of Southern California's most resilient rental markets.
Built in 1963, the front building features a 2-bedroom/1-bathroom single-family home, while the rear fourplex consists of all 2-bedroom/1-bathroom units. Each unit is individually metered for gas and electricity and includes laundry hookups, individual water heaters, and covered parking.
The property benefits from a solid tenant base, with current rents below market levels, providing great rental upside. With no local rent control in El Monte, investors can capitalize on the ability to implement rent increases in line with California AB1482 guidelines.
Strategically located, the property offers convenient access to downtown El Monte, local schools, the Metrolink station, and major transportation routes, including the 10 and 605 freeways.
This offering presents a rare opportunity to acquire a stable, income-generating asset with strong upside potential for rental growth and long-term appreciation in one of Southern California's most resilient rental markets.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR3
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Carport Spaces 6
Pool None
Community Features Park
Total Parking Spaces 10
Private Pool No
Building
Lot Description Cul-De-Sac
Story 2
Entry Level One,Two
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 8570008040
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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Listed by Jo Lin IRN REALTY 6262630132