11414 Lambert Avenue

    El Monte, CA 91732
    • $1,050,000
    • STATUS: Closed
    • ON SITE: 197 days
    • ID#: AR18131569
    Sold - 07/19/2018
    $1,050,000
    SOLD - 07/19/2018
    • 0
      BEDS
    • 0.67
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,868
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    Great North El Monte Location with 3 individual homes on one parcel. Lot extends from Lambert to Frankmont Street. Each home has an individual address. Two homes face Lambert, 11414 and 11420 Lambert. One home faces Frankmont - 11381 Frankmont. Tremendous opportunity for new development or for rental income. The home facing Frankmont was completely rebuilt and expanded in 2002. It features 2 bedrooms and 2 baths. It is renovated with all modern amenities. The homes facing Lambert are each 2 bedrooms and one bath. Buyer is to satisfy themselves with all City Requirements for redevelopment and all current permits on the property. Tenants are on a month to month rental and have been long term residents. Rental income has potential to be increased to current market rental value. Property is sold in its present "AS IS" condition with no repairs made by seller. This property is located within close proximity to public transportation, schools and shopping. It is also surrounded by newer development. This is the opportunity you've been waiting for! Make it a reality!

    Sold by Danny Hy of Coldwell Banker George Realty.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-19T00:28:14.773. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/84254528

    11414 Lambert Avenue El Monte, CA 91732

    • Price: $1,088,000
    • Status: Closed
    • ID#: AR18131569
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.67
    Acres
    2,868
    SQFT
    $0
    $/SQFT
    1949
    Built
    Neighborhood:
    619 - El Monte
    County:
    Los Angeles
    Area:
    619 - El Monte
    Property Description
    Great North El Monte Location with 3 individual homes on one parcel. Lot extends from Lambert to Frankmont Street. Each home has an individual address. Two homes face Lambert, 11414 and 11420 Lambert. One home faces Frankmont - 11381 Frankmont. Tremendous opportunity for new development or for rental income. The home facing Frankmont was completely rebuilt and expanded in 2002. It features 2 bedrooms and 2 baths. It is renovated with all modern amenities. The homes facing Lambert are each 2 bedrooms and one bath. Buyer is to satisfy themselves with all City Requirements for redevelopment and all current permits on the property. Tenants are on a month to month rental and have been long term residents. Rental income has potential to be increased to current market rental value. Property is sold in its present "AS IS" condition with no repairs made by seller. This property is located within close proximity to public transportation, schools and shopping. It is also surrounded by newer development. This is the opportunity you've been waiting for! Make it a reality!
    Exterior Features

    Garage Spaces 3.00 Lot Features Back YardCorners EstablishedFront YardLot 20000-39999 SqftLot-Level/FlatNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Features DrivewayGarage Parking Total 9.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View MountainNeighborhood View YN Yes

    Interior Features

    Appliances DishwasherElectric RangeGarbage DisposalGas RangeGas Water HeaterMicrowave Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 1100 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling CentralWall Window Cooling YN Yes Heating Central FurnaceFloor FurnaceWall Heater Heating YN Yes Laundry Features Gas Dryer HookupInsideWasher Hookup Levels One Room Type All Bedrooms DownKitchenLaundryLiving RoomMain Floor Bedroom

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 47400.00 Gross Scheduled Income 47400.00 Insurance Expense 1800.00 Land Lease YN No Laundry YN Yes Net Operating Income 38100.00 New Taxes Expense 12000.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Number With Dishwasher 1 Number With Disposal 1 Number With Range 2 Operating Expense 9300.00 Property Condition Repairs Cosmetic Property Sub Type Triplex Rent Control YN No Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Tenant Pays ElectricityGasWater Total Actual Rent 3950.00 Total Expenses 14160.00 Trash Expense 360.00 Utilities Phone ConnectedSewer ConnectedWater Connected Water Sewer Expense 0.00 Water Source Private Year Built Source Assessor Zoning Emr1b*

    Listing provided courtesy of Jeannie Vukovich of Coldwell Banker Arcadia.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-19T00:28:14.773. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Team Tami | Palm Realty Boutique
    7101 Playa Vista Dr.
    Playa Vista CA, 90094