Private Seller Financing Available! We are pleased to exclusively offer for sale this rare offering featuring five LARGE single-story detached cottages situated on a spacious 20,892 square foot lot, presenting an ideal value-add investment opportunity. The property consists of one 3-Bedroom/1-Bath cottage and four 2-Bedroom/1-Bath cottages, totaling 4,864 square feet… Read More of rentable space. With three of the units to be delivered vacant at the close of escrow, investors have the immediate opportunity to bring rents to market, achieving a projected 5.82% CAP rate and 12.5 GRM. Each cottage offers tenants private garage parking, individual washer/dryer hookups, and either a private patio or front and back yard space—features that significantly enhance tenant satisfaction and leasing demand. A permitted sixth structure on the property which is currently used as storage offers excellent potential for conversion into an ADU, creating additional income potential (buyer to check with proper city authorities). Utility efficiency is built in with five separate electric & gas meters and two water meters (one for the front cottage and one for the remaining 4 units). Private Seller Financing is available with favorable terms: 25% minimum down payment, 6.5% interest-only payments, and a 7-year due and payable term. This property combines strong current income, immediate upside, and long-term development potential, making it a standout investment in the San Gabriel Valley market. Read Less
Property listed by RE/MAX 2000 REALTY, Kristopher German 909-645-0443
Listing Snapshot
Days Online
2
Last Updated
Property Type
Apartment
Lot Size
0.48 Acres
Year Built
1962
MLS Number
CV25099407
30 Days Snapshot Of 91706
$724k
+8%
(avg) sold price
10
-41%
homes sold
50
-39%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road surface type: Paved
Building
Built in 1962, Building area total: 4,864, Levels: One, 1 story, 6 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Sidewalks
Cooling
WallWindowUnits
Expenses
Insurance expense: $4,500, New taxes expense: $19,097, Operating expense: $31,697, Water sewer expense: $3,600
Fence
Brick
Fireplaces
None
Garage
7 spaces
Heating
Central
Income
Gross income: $131,700, Net operating income: $96,052
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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