Skip To Content

11720 Lambert Avenue

El Monte, CA 91732
  • $1,350,000
  • STATUS: Closed
  • ON SITE: 169 Days
  • MLS #: WS21176660
Sold - 01/25/2022
$1,350,000
SOLD - 01/25/2022
  • 0
    BEDS
  • 0.54
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Listing Agent(s): Kimberly Le of Blue Diamond Mortgage & Realty (626-416-5726)


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. Its 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. Its 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.

Sold by Wilson Fang of Wilson C Fang, Broker.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-28T10:29:14.743. 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 deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/120373695
Print Image

11720 Lambert Avenue El Monte, CA 91732

  • Price: $1,299,000
  • Status: Closed
  • On Site: 169 Days
  • Updated: 18 min ago
  • MLS #: WS21176660
0
Beds
0
Baths
0
½ Baths
0.54
Acres
1954
Built
Neighborhood:
619 - El Monte
County:
Los Angeles
Area:
619 - El Monte
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. Its 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. Its 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.
Exterior Features

Lot Features Back YardFront Yard Number Of Separate Electric Meters 3 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Buyer Financing Cash To New Loan Common Interest None Community Features Sidewalks Electric Expense 2000 Garage YN Yes Gross Income 64200 Gross Scheduled Income 64200 Insurance Expense 2000 Land Lease YN No Laundry Features See Remarks Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Net Operating Income 56460 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Operating Expense 7740 Other Expense 600 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 1508 Water Sewer Expense 1632 Water Source Public Zoning Emr1by



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-28T10:29:14.743. 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 deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
Logo
ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Kimberly Le of Blue Diamond Mortgage & Realty (626-416-5726)