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$1,500,000
Est. payment /mo
2 Beds
1 Bath
0.33 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS25125084
Bedrooms 2
HOA Y/N No
Lot Size 0.333 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Presenting 11215 Mulhall St, El Monte, a well-maintained 5-unit multifamily property situated on a spacious 14,516 SF lot. This prime investment opportunity offers stable tenancy with significant rental upside in the highly desirable Southern California rental market. Built in 1963, the front building features a 2-bedroom/1-bathroom single-family home, while the rear fourplex consists of all 2-bedroom/1-bathroom units. Each unit is individually metered for gas and electricity and includes laundry hookups, individual water heaters, and covered parking. The property benefits from a solid tenant base, with current rents below market levels, providing great rental upside. With no local rent control in El Monte, investors can capitalize on the ability to implement rent increases in line with California AB1482 guidelines. Strategically located, the property offers convenient access to downtown El Monte, local schools, the Metrolink station, and major transportation routes, including the 10 and 605 freeways. This offering presents a rare opportunity to acquire a stable, income-generating asset with strong upside potential for rental growth and long-term appreciation in one of Southern Californias most resilient rental markets.
Presenting 11215 Mulhall St, El Monte, a well-maintained 5-unit multifamily property situated on a spacious 14,516 SF lot. This prime investment opportunity offers stable tenancy with significant rental upside in the highly desirable Southern California rental market. Built in 1963, the front building features a 2-bedroom/1-bathroom single-family home, while the rear fourplex consists of all 2-bedroom/1-bathroom units. Each unit is individually metered for gas and electricity and includes laundry hookups, individual water heaters, and covered parking. The property benefits from a solid tenant base, with current rents below market levels, providing great rental upside. With no local rent control in El Monte, investors can capitalize on the ability to implement rent increases in line with California AB1482 guidelines. Strategically located, the property offers convenient access to downtown El Monte, local schools, the Metrolink station, and major transportation routes, including the 10 and 605 freeways. This offering presents a rare opportunity to acquire a stable, income-generating asset with strong upside potential for rental growth and long-term appreciation in one of Southern Californias most resilient rental markets.
Presenting 11215 Mulhall St, El Monte, a well-maintained 5-unit multifamily property situated on a spacious 14,516 SF lot. This prime investment opportunity offers stable tenancy with significant rental upside in the highly desirable Southern California rental market. Built in 1963, the front building features a 2-bedroom/1-bathroom single-family home, while the rear fourplex consists of all 2-bedroom/1-bathroom units. Each unit is individually metered for gas and electricity and includes laundry hookups, individual water heaters, and covered parking. The property benefits from a solid tenant base, with current rents below market levels, providing great rental upside. With no local rent control in El Monte, investors can capitalize on the ability to implement rent increases in line with California AB1482 guidelines. Strategically located, the property offers convenient access to downtown El Monte, local schools, the Metrolink station, and major transportation routes, including the 10 and 605 freeways. This offering presents a rare opportunity to acquire a stable, income-generating asset with strong upside potential for rental growth and long-term appreciation in one of Southern Californias most resilient rental markets.
Location
State CA
County Los Angeles
Area El Monte (91731)
Zoning Public Rec
Building
Lot Description Cul-De-Sac
Story 2
Level or Stories 1 Story
Others
Monthly Total Fees $157
Acceptable Financing Cash, Conventional
Space Rent $1,707
Listing Terms Cash, Conventional
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Listed by Jo Lin • IRN REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "