3 beds, 2 baths
Home size: 1,324 sq ft
Lot Size: 6,112 sq ft
Added: 08/19/20, Last Updated: 09/30/20
Property Type: Single Family
MLS Number: OC20170800
Community: 619 – El Monte
Status: Active
Welcome to this Charming Duplex perfect for First Time Buyers! This property offers the potential for two families to live in separate homes on the same lot. This oversized lot has 2 separate houses, a huge driveway, and ample parking. Great opportunity to live in the front house while earning income from the back house. The seller already has plans with the City of El Monte for construction of a New 2-unit Multi Family Residence with a proposed square footage of 1115 sq. ft for the front house and 800 sq. ft for the back house. Buyer is responsible for verifying all property information with the city and conducting their own due diligence. The front house is a 2 bed and 1 bath with attached carport and the back unit is a 1 bed and 1 bath. Both homes are tenant occupied. The property has a gross monthly income of $3,200, and as a buyer you will have the opportunity to remodel or build on the land while still keeping some of the rental income. The property is in need of some repairs to bring it back to its full potential and maximize rental income, as it currently rents slightly below the market average. Conveniently located for transportation, one of the safest neighborhoods of El Monte, and so much building potential… Don’t miss out on this gem. Contact us today for more info!
Listed with William Bingley CalDRE: 01940351, William Bingley, Broker
Brought to you by Irina Netchaev, Pasadena Views Real Estate Team Inc. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com/free-home-search/!
