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10808 Elliott Avenue, South El Monte, CA 91733
$1,550,000
10808 Elliott Avenue, South El Monte, CA 91733View this property at 10808 Elliott Avenue, South El Monte, CA 91733
10808 Elliott AvenueSouth El MonteCA91733
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Property Description
We would like to present 10808 Elliott Avenue, a 7-unit property located in a prime area of El Monte, free from rent control constraints providing maximum allowable rent increases under California AB1482. Current rents are significantly below market with a 3.64 CAP RATE. Increasing rents to market rates shows a PROFORMA 6.54 CAP RATE! The units consist of 4 one story buildings with concrete driveway that allows parking for 16 cars. Six 1 bedroom 1 bathroom units and One 2 bedroom, 1 bathroom stand alone unit. Possible room for ADU (check with city) Most of the roofs have recently been replaced along with other upgrades. The units are 100% occupied. Each unit has individual metering for gas and electricity. The location offers various conveniences to diverse tenant demographics along with convenient transportation routes to 10, 605 and 60 freeways, three elementary schools, El Monte High School, Aquatic Center, Court House and Civic Center, Social Security Administration and Rio Hondo College. El Monte allows easy routes and transportation to DTLA a major employment capital via the EL MONTE TRANSIT CENTER and Fastrak Toll Road. The property's central location offers access to a variety of attractions offered by Los Angeles County, Orange County and the Inland Empire.
Full Property Details
Full Property Details for 10808 Elliott Ave
General
- Sold For: $1,550,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: CV24100253
- Added to Site: 95 day(s) ago
Interior
- Fireplace(s): None
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Parking Features: Assigned, Driveway Level, On-Site
- Parking: Assigned, Driveway Level, On-Site
Location
- Area: 657 - So. El Monte
- County: Los Angeles
- Development Name: 657 - So. El Monte
- Driving Directions: E of Santa Anita So. of Garvey
- Direction Faces: North
Utilities
- Sewer: Sewer Paid
- Water: Public
- # Water Meters: 1
- # Gas Meters: 7
- # Electric Meters: 7
Structural Information
- Foundation: Slab
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 3,306
- Year Built: 1954
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 7
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Property View: None
- Lot Size (Acres): 0.402
- Lot Size Source: Assessor
- Zoning: SER3*
- Lot Description: Garden, Landscaped, Lot 10000-19999 Sqft, Rectangular Lot, Near Public Transit, Park Nearby, Yard
Financial Considerations
- Price Per Sq. Ft.: $468.84
- Price Per Unit: 242857
Listed by Century 21 Citrus Realty Inc, Albert Rodriguez
Sold by Universal Elite Inc., Guowei Feng
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Schools
Schools serving 10808 Elliott Ave
School Districts:El Monte Union High School District, Mountain View Elementary School District
Rating | Name | Grades | Distance |
---|---|---|---|
10620 Schmidt Rd, S El Monte, CA 91733 | K-6 | 0.2 mi | |
Kranz Intermediate School
12460 Fineview St, El Monte, CA 91732 | 7-8 | 1.2 mi | |
1001 Durfee Ave, S El Monte, CA 91733 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 10808 Elliott Ave
Date
Details
Price
Change
Source
8/13/2024
Sold
$1,550,000
-8.82%
MLS
6/05/2024
Listed
$1,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
10808 Elliott Avenue, South El Monte, CA 91733 (MLS# CV24100253) is a Multi-Family property that was sold at $1,550,000 on August 13, 2024. Want to learn more about 10808 Elliott Avenue? Do you have questions about finding other Multi-Family real estate for sale in South El Monte? You can browse all South El Monte real estate or contact a Coldwell Banker agent to request more information.