11323- 11327 Schmidt Road
Residential Income Details
The Schmidt Road Apartments is located south of the I-10 Freeway between Peck Road and Mountain View Road. It is conveniently located near the I-10, 60, and I-605 Freeways. The property is ideally situated 1.5 miles from Greater El Monte Community Hospital and Metrolink Station, and walking distance to many dining and retail establishments, primary and secondary schools, and public parks. The Schmidt Road Apartments is currently at 100% occupancy rate with upside potential in rent with all units being able to generate an additional monthly rent of $225 for one-bedroom unit and $225 for two-bedroom unit. This would generate an increased total of $2,000 per month based on the current rental market, which would lead to an approximately 18% increase in income. The Schmidt Road Apartments is a stable income-producing property and a great long-term investment. It is located in a desirable, non-rent controlled area and offers growth and stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.
|Number of Units||9|
|Listing Brokerage||CB RICHARD ELLIS|
|Listing Agent||ERIC CHEN|
|Listing Agent BRE #||01489184|
Based on information from California Regional Multiple Listing Service, Inc. as of Monday, September 17, 2018.
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