11233 Lower Azusa Road

Sold 7/8/11
Sold 7/8/11
Gallery Image 1
Sold
Last Sold Price
$880,000
8 beds4 baths6,000 sqft

11233 Lower Azusa Rd, El Monte, CA 91731

Multi FamilyProperty Type
0.22 acresLot Size
1962Year Built
$147/sq ftPrice per sq ft
8 carsParking Spaces

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.
  • Listed by: Kristopher German DRE #01800021 Brokerage DRE #01164364 • Remax Commercial and Investment Realty
Listing closed: 07/08/2011 12:00 AM • Source: CLAW, MLS#: 11-517829
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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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$6,205 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,698

Property Taxes

$1,507

HOA Dues

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Property Information for 11233 Lower Azusa Road

Property Details

  • MLS Type: Residential Income
  • 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

Building Information

  • Stories: 2
  • Year Built: 1962
  • Lot Size: 0.22 AC / 9,395 SF

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

CRMLS #11517829

$880,000—
Jul 8, 2011

Sold

CLAW #11-517829

$880,000—
Apr 26, 2011

Sold (Public Record)

Public Record #311212644

$880,000

+2.5% / yr

DateEvent & SourcePrice
07/08/2011

Sold

CRMLS #11517829

$880,000
07/08/2011

Sold

CLAW #11-517829

$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

11233 Lower Azusa Road

Baths

8

Total Finished SqFt

6,000 SqFt

Above Grade Finished SqFt

6,000 SqFt

Stories

2

Lot Size

9,418 SqFt

Style

Multi-Family Dwelling (2-4)

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.