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    2516 Edwards Avenue

    South El Monte, CA 91733
    • $5,800,000
    • STATUS: Active
    • ON SITE: 15 Days
    • ID#: WS21225441
    UPDATED: 216 min ago
    $5,800,000
    • 0
      BEDS
    • 0.53
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2021
    County:

    School Ratings & Info

    Description

    Welcome to this brand new 8 units modern contemporary townhouse in South El Monte. The property comes with 4 building, 2 units each building. Each unit has 4 beds, 3 full bath, 1838 sq. ft. with 1 bedroom 1 full bath situated on the first floor. 9 electrical meters (1 house meter), 8 gas meters with 8 sub water meters. 8 full 2 car garage with direct access to the kitchen and 9 extra open parking spaces all behind the beautiful gated 20 ft. plus wide driveway with pavers and new olives trees. 8 high efficiency tankless Navient water heater, Huge master bedroom with balcony, walk in closet, new fire hydrant and fire alarm monitoring system, under ground electrical line, 2x6 exterior walls for better sound deafening and insulation, 10 ft plus high ceiling to reduce heat and electricity consumption, tall widows for natural lights and air flows, exterior security cameras built in, lower property tax rate in compare with the City of El monte. Most importantly, no state wide rent control. Excellent long term investment.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-28T00:27:02.387. 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 or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.theparsonsrealestateteam.com/homes/122292029
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    2516 Edwards Avenue South El Monte, CA 91733

    • Price: $5,800,000
    • Status: Active
    • Updated: 216 min ago
    • ID#: WS21225441
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.53
    Acres
    2021
    Built
    Neighborhood:
    657 - So. El Monte
    County:
    Los Angeles
    Area:
    657 - So. El Monte
    Property Description
    Welcome to this brand new 8 units modern contemporary townhouse in South El Monte. The property comes with 4 building, 2 units each building. Each unit has 4 beds, 3 full bath, 1838 sq. ft. with 1 bedroom 1 full bath situated on the first floor. 9 electrical meters (1 house meter), 8 gas meters with 8 sub water meters. 8 full 2 car garage with direct access to the kitchen and 9 extra open parking spaces all behind the beautiful gated 20 ft. plus wide driveway with pavers and new olives trees. 8 high efficiency tankless Navient water heater, Huge master bedroom with balcony, walk in closet, new fire hydrant and fire alarm monitoring system, under ground electrical line, 2x6 exterior walls for better sound deafening and insulation, 10 ft plus high ceiling to reduce heat and electricity consumption, tall widows for natural lights and air flows, exterior security cameras built in, lower property tax rate in compare with the City of El monte. Most importantly, no state wide rent control. Excellent long term investment.
    Exterior Features

    Architectural Style Modern Construction Materials DrywallStucco Fencing Block Foundation Details Slab Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 9 Open Parking Spaces 9 Parking Features AssignedDoor-MultiDirect AccessGarageGarage Door OpenerPaved Parking Total 25 Pool Features None Pool Private YN No Property Attached YN Yes Roof Flat View None View YN No

    Interior Features

    Appliances DishwasherEnergy Star Qualified Water HeaterGas OvenTankless Water Heater Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Vinyl Interior Features High CeilingsOpen FloorplanWalk-In Closet(S) Window Features Double Pane WindowsRoller ShieldsSkylight(S)Tinted Windows

    Property Features

    Additional Parcels YN No Cable Tv Expense 720 Cap Rate 3.92 Common Interest Community Apartment Community Features Street LightsSidewalks Electric Expense 540 Fuel Expense 0 Garage YN Yes Gross Income 345600 Gross Scheduled Income 345600 Insurance Expense 5039 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupLaundry Closet Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalContract1031 Exchange Net Operating Income 217900 New Construction YN Yes New Taxes Expense 69600 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 107951 Pest Control Expense 900 Rent Control YN No Security Features Carbon Monoxide Detector(S)Fire Detection SystemFire Rated DrywallFire Sprinkler SystemSecurity GateSmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 3392 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 10368 Vacancy Allowance Rate 3 Water Sewer Expense 7680 Water Source Public Zoning Ser3*

    Listing provided courtesy of Kiet Do of Ko Tai Realty and Tony Totrakarn of Ko Tai Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-28T00:27:02.387. 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 or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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    Pasadena CA, 91101