EXCELLENT INVESTOR OPPORTUNITY WITH MOTIVATED SELLER
Commercial-Residential Mixed Use Property in the City Of El Monte, centrally located with easy access to two retail street front well established businesses, Oasis Saloon and Bike Revolution Bike Store. In addition to the Commercial Lease Income there are 3-Residential units, 1-2 bedroom-1 bath unit & 2-1 bedroom-1 bath units, each unit has a single detached garage. All residential units are stand alone buildings currently occupied with Below Market Month to Month agreements. The property offers separate parking for both the retail and residential. Recent exterior paint to the buildings will offer Low Maintenance to this investment. Current Gross Scheduled Annual Income is $90,300 with upside potential to over $100,000 annually.
MLS Listing ID: TR17163718
Year Built: 1938
At $1,598,800, this home is priced $999,999 more than the current market rate for a 4 bedroom home in El Monte.
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