0.35 Acres Lot
0.35 Acres Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF25171759
HOA Y/N No
Year Built 1947
Lot Size 0.352 Acres
Property Sub-Type Apartment
Property Description
The unit mix consists of (1) 3bdr/1bathroom House, (1) 2bdr/1bathroom House, (1) 2bdr/1bathroom unit, and a duplex that comprises (2) 1bdr/1bath units. These units are separated into four bungalow-style buildings. Each building has a pitched, shingled roof.
There are 11 total parking spaces made up of (1) detached two-car garage, (2) one-car garages, and (7) dedicated surface parking spots. There is ample space for additional parking. The detached garage is worth exploring possible ADU conversion. Buyer to verify. Units are separately metered for utilities. Tenants pay for gas and electricity. Landlord pays for water and trash.
The spacious lot, separated building layout, abundant parking, and R-3 zoning offer longer-term redevelopment potential or the opportunity to add more units through the ADU program. This asset has been well cared for and is in a high-demand rental market. It is ideal for investors seeking a stable, dense tenant base with long-term redevelopment or ADU growth potential.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR3*
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8549010033
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Lease Land No
22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA