Property description: Well-maintained garden style 8 units located in the central area of city of El Monte. Cap rate is 6.68% (please refer to Annual Property Operating Data). One unit has 2 bed and 1 bath, rental of $1225 per month. Other seven units all have 1 bed and 1 bath, monthly rental of $775, $775, $825, $830, $830, $800, and $800. Has a seven parking carport plus several outdoor parking spaces. Separated electrical meter, one gas meter and one water meter. The property is generating an excellent cash flow with upside potential. It has a huge lot with redevelopment possibility, check with City. Subject to interior inspection. Location Description: Prime location in El Monte, medium to high population density. In the proximity of malls, groceries, banks, restaurants, schools, and much more. Easy access to Freeway 10, 605, and 60. City of El Monte has Southern California biggest Longo Toyota and Lexus Dealer, a Federal INS Center and a Federal IRS division, Cathy Bank headquarter, and quite a few business parks. Many big companies and small businesses locate in City of El Monte. The local population is still growing. Any questions, please directly contact listing agent Alanna Wang, wang.alanna@gmail.com, 626.675.7492. http://www.loopnet.com/Profile/18256354980/Alanna-Wang/
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