Address
11720 Lambert Avenue El Monte, CA
Price
$ 1,299,000
Property Attributes
  • MLS#WS21176660
  • TypeIncome
  • CountyLOS ANGELES
  • CityEl Monte
  • AreaEl Monte
  • Zip91732
  • Style
  • Price$ 1,299,000
  • Bedrooms8
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage3442
  • Lot Size0.54 Acres
Listing Provided Courtesy Of:
KIMBERLY LE with BLUE DIAMOND MORTGAGE & REALTY - 626-461-2970
Data Source:
California Regional MLS (CRMLS) - 25 - CA
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.

Price History
8/13/2021 Listed $1,199,000

General Features

Community Features Sidewalks
Garage Spaces 4
Garage Y/N Yes
Listing Agent KIMBERLY LE - BRE#01494039
Listing Agent State License 01494039
Lot Size Square Feet 23427
MLS Area 619 - El Monte
Pool Features None
Property Type Residential Income
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Status Active
Terms Cash, Cash to New Loan, Conventional
Total Units 4
Water Sewer Expense 1632
Zoning EMR1BY

Interior Features

Common Walls No Common Walls
Laundry Features See Remarks

Exterior Features

Lot Features Back Yard, Front Yard
Lot Size Acres 0.54
Lot Size Area 23427
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 4
Number of Separate Electric Meters 3
Number of Separate Gas Meters 3
Number of Separate Water Meters 3
Total Parking 4
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 91732

Price
AVG $1.6M
$1.3M
Visits
AVG 33
23
Year Built
AVG 1955
1954
Walkscore
AVG 49
65
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.