11323- 11327 Schmidt Road

  • El Monte

  • $2,000,000
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Residential Income Details

Description
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.
Essential
MLS #CV17271447
Price$2,000,000
Number of Units9
Sale TypeStandard
StatusPending
Listing BrokerageCB RICHARD ELLIS
Listing AgentERIC CHEN
Listing Agent BRE #01489184
Interior
Exterior
Garage Spaces0
PoolNone
Community
Area619 - El Monte
CommunitySuburban
Address11323- 11327 Schmidt Road
CityEl Monte
CountyLos Angeles
StateCA
ZipCode91733
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Monday, September 17, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.