3108 Adelia Ave, El Monte, CA 91733
- $1,080,000
- List Price
- $1,080,000
- Status
- ACTIVE
- MLS#
- WS26100116
- Year Built
- 1950
- Lot Size
- 12,600
- Acres
- 0.29
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 81
- Property Type
- Multifamily
- Property Sub Type
- Duplex
Property Description
This is a highly promising investment property in R3 land. Currently, there are two units with long-term, stable, and high-quality tenants: a convenience store rents for $2835 and a residential unit for $1500. Next to it is approximately 7000 sq ft of land suitable for residential development (2800 sq ft) and an ADU (Advanced Development Unit) of 800 sq ft. The existing storefront will remain unchanged, while the residential unit can be enlarged. A designer has been commissioned, and initial design drafts are available. It's close to schools and shopping malls. The city also allows daycare services in this area. In Los Angeles' booming rental market, this is a rare and excellent investment opportunity – don't miss it!
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $52,020
- Operating Expense
- 4220
Listing courtesy of Listing Agent: HSIU CHEN (liengu8102@gmail.com) from Listing Office: HARVEST REALTY DEVELOPMENT.
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