11112 Concert, El Monte, CA 91731

$999,999

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List Price
$999,999
Status
ACTIVE UNDER CONTRACT
MLS#
CV26136077
Year Built
1954
Lot Size
8,424
Acres
0.19
Lot Location
Lawn, Rectangular Lot
Days on Market
35
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
One Level

Property Description

Investment Opportunity – Value-Add Fourplex with Future Upside Potential Rare opportunity to acquire a charming four-unit income property featuring four detached cottage-style residences situated on a cozy, park-like lot. The unique layout provides tenants with a greater sense of privacy and independence than traditional apartment living, while enjoying mature trees, abundant green space, and ample on-site parking. This value-add property offers investors the potential to increase rental income through unit improvements and may present opportunities for additional development, including possible ADUs or expansion of the existing unit count, subject to buyer verification and approval from local authorities. The property has benefited from upgraded electrical infrastructure, providing added value and supporting future improvements or expansion possibilities. Investors will appreciate the combination of existing income, utility upgrades, and long-term upside potential. Ideally located near parks, the library, schools, shopping, dining, and public transportation, the property offers strong tenant appeal and convenient access to major commuter routes. Whether you're seeking a stable income-producing asset with future upside or a redevelopment opportunity, this property combines current cash flow with long-term growth potential. Property Highlights: Four detached cottage-style units Value-add investment opportunity Potential for ADUs or additional units (buyer to verify) Upgraded electrical system Spacious lot with mature trees and green space Ample on-site parking Strong tenant appeal and rental demand Close to parks, library, schools, shopping, dining, and public transportation Easy access to major commuter corridors A rare opportunity to own a character-rich income property with significant upside potential, modernized electrical improvements, and future development possibilities in a highly desirable rental market.

Additional Information

Other Buildings
Storage
Appliances
Gas Range, Refrigerator, Water Heater
Pool Description
None
Heat
Wall Furnace
Garage Spaces Total
1
Sewer
Public Sewer
Water
Public
Interior Features
Ceiling Fan(s)
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$61,620
Operating Expense
22000

Listing courtesy of Listing Agent: Phillip Castruita (prcastruit@aol.com) from Listing Office: PHILLIP CASTRUITA, REALTOR.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.