11233 Lower Azusa Road

Sold 7/8/11
Sold 7/8/11
Gallery Image 1
Last Sold Price
$880,000
8 beds4 baths6,000 sqft$147/sqft
11233 Lower Azusa RdEl Monte, CA91731

Description

Excellent N. El Monte 8 unit property priced to sell! Located in the most desirable location of the city of El Monte, that being in the 91731-91732 zip codes. The property consists of eight 2 bed-1bath units for a total of 6,000 rentable square feet. Units are 100% occupied. Tenants pay for elect. and gas usage. The property offers open off street parking to the rear of the units as well as an onsite laundry room. The current owner has owned it for several years and offers the next investor a well...Excellent N. El Monte 8 unit property priced to sell! Located in the most desirable location of the city of El Monte, that being in the 91731-91732 zip codes. The property consists of eight 2 bed-1bath units for a total of 6,000 rentable square feet. Units are 100% occupied. Tenants pay for elect. and gas usage. The property offers open off street parking to the rear of the units as well as an onsite laundry room. The current owner has owned it for several years and offers the next investor a well stabilized asset with long term tenants. With an average monthly rental rate of $875 per unit, the current monthly income is well below the average for the area and offers the next investor a good amount of upside in positive cash-flow. With a low price per unit, low price per square foot, excellent cap rate and upside potential, this asset is an excellent buy in a highly sought after location. Contact agent for full marketing package. Do not disturb tenants! Inspection upon accepted offer.
LISTING CLOSED: 07/08/2011 12:00 AM

  1. Listed by Kristopher German • DRE #01800021 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 11233 Lower Azusa Road

Status
Sold
MLS #
11-517829
Days on Market
18
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Residential Income
Year Built
1962
Lot Size
0.22 AC / 9,395 SF
County
Los Angeles County
Zoning
EMR4YY
Parcel Number
8538002004
Total Units
8.0
Living Area
6000
Source Living Area
Vendor Enhanced
Area
El Monte (619)
Vacancy Rate
0
Lot Size Area
9395
Source Lot Size Area
Vendor Enhanced
Assessor Parcel Number
8538-002-004
Directions
Between Santa Anita Ave and Peck Rd in N. El Monte just off of 605, 10 & 210 fwys.
Map Coordinate
597/E5
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Location

Listing Courtesy of Remax Commercial and Investment Realty, Kristopher German, DRE #01800021

Sold By Remax Commercial and Investment Realty, Kristopher German, DRE #01800021

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Building Information for 11233 Lower Azusa Road

Stories2Residences-Year Built1962Building Size-Lot Size0.22 AC / 9,395 SF

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$5,980 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,473

Property Taxes

$1,507

HOA Dues

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Property Information for 11233 Lower Azusa Road

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Multi-Family
  • View: No
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $83,940
  • Net Operating Income: $53,392.00
  • Gross Income: $83,940
  • Gross Scheduled Income: $83,940
  • Cap Rate: 6.00%
  • Gross Rent Multiplier: $10.70
  • Monthly GrossI Income: $7,095.00
  • Laundry Income: $1,200
  • Expense Actual Annual Vacancy: $.00
  • Owner Pays: Water
  • Total Annual Expense: 28030
  • Water Expense: $2,440.00
  • Gas Expense: $420
  • Electric Expense: $520.00
  • Trash Expense: $4,100.00
  • Other Expense: $1,200.00
  • Tax Expense: $11,250
  • Insurance Expense: $2,400
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Size Square Feet: 9395
  • Assessments: None
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 8
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
Lease Terms
Lease Terms
  • Entry Date: 04-04-2011
  • Rent Control: 0
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $850.00
  • Unit Actual Rent: $850.00
  • Unit Projected Rent: $950.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $870.00
  • Unit Actual Rent: $850.00
  • Unit Projected Rent: $950.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $875.00
  • Unit Actual Rent: $875.00
  • Unit Projected Rent: $950.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $900.00
  • Unit Actual Rent: $900.00
  • Unit Projected Rent: $950.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $517,179.00
  • Assessed Land Value: $228,584.00

Property History for 11233 Lower Azusa Road

DateEvent & SourcePriceAppreciation
Jul 8, 2011

Sold

CLAW #11-517829

$880,000—
Jul 8, 2011

Sold

CRMLS #11517829

$880,000—
Apr 26, 2011

Sold (Public Record)

Public Record #311212644

$880,000

+2.5% / yr

DateEvent & SourcePrice
07/08/2011

Sold

CLAW #11-517829

$880,000
07/08/2011

Sold

CRMLS #11517829

$880,000
04/26/2011

Sold (Public Record)

Public Record #311212644

$880,000

+2.5% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 11233 Lower Azusa Road

Taxable ValueLand$602,900Additions$502,418Total$1,105,318
Tax Record2025$18,080 ($1,507 / month)
Home Facts
Baths8Total Finished SqFt6,000 SqFtAbove Grade Finished SqFt6,000 SqFtStories2Lot Size9,418 SqFtStyleMulti-Family Dwelling (2-4)Year Built1962Year Renovated1962ZoningEMR4YYCountyLOS ANGELESAPN8538-002-004

Schools near 11233 Lower Azusa Road

This home is within El Monte Union High School District.
Rating
School
Type
Grades
Distance
Rio Hondo Elementary School
Public - K to 8
Arroyo High School
Public - 9 to 12
Thompson Elementary School
Public - K to 8
Fernando R. Ledesma Continuation High School
Public - 10 to 12
Rating
School
Distance
Rio Hondo Elementary School
PublicK to 8

Arroyo High School
Public9 to 12

Thompson Elementary School
PublicK to 8

Fernando R. Ledesma Continuation High School
Public10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Remax Commercial and Investment Realty, Kristopher German, DRE #01800021

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.