3438 Gilman Road El Monte, CA ^$ 950,000

3438 Gilman Road

^$ 950,000

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3438 Gilman Road

El Monte, CA, 91732

^$ 950,000

Bedrooms5 Baths4.0 Sq 2,446

Monthly Estimate*

^$ 6,636

Listed by RE/MAX 2000 REALTY

3438 Gilman Road, El Monte, CA 91732 - Image 1

3438 Gilman Road, El Monte, CA 91732 - Image 2

3438 Gilman Road, El Monte, CA 91732 - Image 3

3438 Gilman Road, El Monte, CA 91732 - Image 4

3438 Gilman Road, El Monte, CA 91732 - Image 5

Multi-Family Home for sale in El Monte, CA

for $950,000 with 5 bedrooms and 4 full baths. This 2,446 square foot home was built in 1962 on a lot size of 0.1217.

JUST REDUCED! We are pleased to present a 4-Unit multi-family investment opportunity in the prime area of North El Monte. This fourplex features (1) 2-Bed/1-Bath unit, and (3) 1-Bed/1-Bath units. Tenants have access to on-site carport parking and yard space. Each unit is separately metered for gas and electricity. This property offers a substantial 45% potential upside in rental income, making it an attractive prospect for maximizing return on investment. Moreover, the property enjoys the advantage of no local city rent control, giving you the flexibility to reposition tenants with a "substantial remodel" approach in an effort to obtain competitive rental rates, and optimize your investment strategy. One unit to be delivered vacant at the close of escrow.

Multi-Family Pending

Price

^$ 950,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.1217

Year Built

1962

Town/City

El Monte

County/Region

Los Angeles

MLS | Web ID

CV24015480

Days on Market

110

Features

General

Sewer PublicSewer

Zoning EMR3YY

HOA 0.0

Garage Spaces 0.0

Pool Features None

Year Built 1962

Tenant Pays Electricity Gas

Stories 2

Levels Two

Property SubType Apartment

Gross Income 68940.0

Community Features Curbs Gutters Sidewalks

County Los Angeles

Net Operating Income 44051.0

Operating Expense 22821.0

Insurance Expense 2500.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Pending

Directions North of I-10 West of I-605; Near the Intersection of Exline St & Gilman Rd

City El Monte

Entry Location 1

View Y/N N

Senior Community Y/N N

Total Units 4

MLS Area 619 - El Monte

Lot Size Square Feet 5300.0

Private Pool N

Waterfront Y/N N

Carport Spaces 4.0

Carport Y/N Y

Street Name Gilman

Listing Terms Cash CashtoNewLoan

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 204.0

Home Warranty Y/N N

Trash Expense 2676.0

Water Sewer Expense 2016.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 56

Building Area Units SquareFeet

Standard Status Pending

Year Built Source Assessor

Tax Lot 7

Property Sub Type Additional Apartment

Taxes 12425.0

Exterior

Lot Features Item25UnitsAcre

Water Source Public

Total Parking 4.0

Lot Size Area 5300.0

Number of Buildings 1

Spa N

Building Area Total 2446.0

Lot Size Acres 0.1217

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 4

Number of Separate Electric Meters 4

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Road

Laundry Features WasherHookup ElectricDryerHookup GasDryerHookup Inside

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 3438

* Excluded Features

List By

Re/Max 2000 Realty

Broker

(626) 427-0786

Phone

Affordability Calculator

$6,636

Per Month

Monthly Principal & Interest: $6,636
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in El Monte, CA

Average List Price ^$1,270,552

Percent of Sale Price 34%

About El Monte, CA

113,681 Population

-1% Since 2002

^$41,088 Median Income

34.42 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/20/2024	$950,000	-2.56%	Price Down
1/26/2024	$975,000		Listed Price

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3438 Gilman Road, El Monte, CA, 91732 is a Multi-Family Home for sale at $950,000 with 2,446 sqft and a lot size of 0.1217. 3438 Gilman Road has 5 bedrooms, 4.0 baths, and was built in 1962. The property's zip code is 91732 which is in El Monte, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/14/2024. 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.

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3438 Gilman Road

Multi-Family Home for sale in El Monte, CA

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