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2307 Continental Avenue, South El Monte, CA 91733
Priced at Only: $2,600,000
For more Information Call Mobile: 714.478.6676
Address: 2307 Continental Avenue, South El Monte, CA 91733
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  • MLS#: PF25094533 ( Apartment )
  • Street Address: 2307 Continental Avenue
  • Viewed: 2
  • Price: $2,600,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 94
  • Additional Information
  • County: LOS ANGELES
  • City: South El Monte
  • Zipcode: 91733
  • Provided by: Keller Williams Realty
  • Contact: Andy Andy
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Seller Financing at 20% downpayment, 5.75% interest only for 10 years. 2307 Continental Avenue in South El Monte is being offered for sale for the first time in over four decades. It comprises eight single story, bungalow style units on a large 18,062 SF lot zoned R 3. It is offered with attractive It is a generational asset that offers strong cash flow, possible redevelopment potential, and attractive seller financing. The property consists of two freestanding units in the front and six units in the back. They are all single story, bungalow style units. There are seven 2bdr/1bath units. One unit is a legal 1bdr/1bath unit operating as a 2bdr/1bath unit. It may be possible to legalize this unit through the ADU program. Buyer to verify. There are 8 dedicated covered parking spaces. However, the driveway has ample room to fit several more cars comfortably. It is independently metered for gas and electricity, and there are in unit washer and dryer hookups. Although there have not been recent capital expenditures to the roof, electrical, or plumbing, the driveway was repaved two years ago at the cost of nearly $12,000. The buildings are of wood & stucco composition and have pitched roofs. Units utilize wall air conditioning/heating units. The owner pays for water, sewer, trash and common area electricity. Tenants pay for their own gas and electricity usage. 2307 Continental Avenue represents a rare opportunity to acquire a generational asset with a desirable unit mix of a majority 2bdr 1bath single story, bungalow style units on an 18,026 R 3 zoned lot with ample parking. The asset yields strong in place rental income in a tenant dense submarket. A prospective Buyer may benefit from the attractive seller financing offered by acquiring the property with only 20% downpayment at 5.75% interest only for 10 years.
Features
Association Fee
  1. 0.00
Building Area Total
  1. 6534.00
Carport Spaces
  1. 8.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Electric Expense
  1. 365.00
Fireplace Features
  1. None
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 8101.00
Laundry Features
  1. Gas Dryer Hookup
  2. Washer Hookup
Levels
  1. One
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 130295.00
Parcel Number
  1. 8104023002
Parking Features
  1. Covered
Pool Features
  1. None
Postalcodeplus4
  1. 2728
Professionalmanagementexpense
  1. 7191.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 437485591:CRM
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 17650.00
Totalexpenses
  1. 75151.00
Trash Expense
  1. 11705.00
Utilities
  1. Electricity Available
  2. Natural Gas Available
  3. Sewer Available
  4. Water Available
Water Sewer Expense
  1. 7603.00
Water Source
  1. Public
Year Built
  1. 1960
Year Built Source
  1. Assessor
Zoning
  1. SER3*
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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