11323 Schmidt Rd

El Monte, CA 91733

$1,975,000
Last Sold Price
3
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Sold 11/9/18
Sold 11/9/18

Description

The Schmidt Road Apartments is located south of the I-10 Freeway between Peck Road and Mountain View Road. It is conveniently located near the I-10, 60, and I-605 Freeways. The property is ideally situated 1.5 miles from Greater El Monte Community Hospital and Metrolink Station, and walking distance to many dining and retail establishments, primary and secondary schools, and public parks. The Schmidt Road Apartments is currently at 100% occupancy rate with upside potential in rent with all units...The Schmidt Road Apartments is located south of the I-10 Freeway between Peck Road and Mountain View Road. It is conveniently located near the I-10, 60, and I-605 Freeways. The property is ideally situated 1.5 miles from Greater El Monte Community Hospital and Metrolink Station, and walking distance to many dining and retail establishments, primary and secondary schools, and public parks. The Schmidt Road Apartments is currently at 100% occupancy rate with upside potential in rent with all units being able to generate an additional monthly rent of $225 for one-bedroom unit and $225 for two-bedroom unit. This would generate an increased total of $2,000 per month based on the current rental market, which would lead to an approximately 18% increase in income. The Schmidt Road Apartments is a stable income-producing property and a great long-term investment. It is located in a desirable, non-rent controlled area and offers growth and stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.
  1. Listed by ERIC CHEN • CB RICHARD ELLIS • 626-757-5717

Property Details for 11323 Schmidt Road

City Postal ID
SOUTH EL MONTE (91733)
LISTING CLOSED: 11/09/2018 12:00 AM

Property Details for 11323 Schmidt Road

StatusSold
MLS #CV17271447
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS Type2-4 Units
Year Built1959
Lot Size0.38 AC / 16,471 SF
CountyLos Angeles County
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Location

Listing Courtesy of CB RICHARD ELLIS, ERIC CHEN

Sold By IRN REALTY, HING CHU

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Building Information for 11323 Schmidt Road

Stories-Residences-Year Built1959Building Size-Lot Size0.38 AC / 16,471 SF

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$11,418 per month

30 year fixed, 6.55% Interest

Principal and Interest

$10,039

Property Taxes

$1,379

HOA Dues

$0

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Property Information for 11323 Schmidt Road

Summary Information
Property and Location
  • System ID: 301731491
  • Class: 2-4 UNITS
  • Year Built: 1959
  • Directions To Property: South of the I-10 Freeway between Peck Road and Mountain View Road
Supplement
  • Supplement: The Schmidt Road Apartments is located south of the I-10 Freeway between Peck Road and Mountain View Road. It is conveniently located near the I-10, 60, and I-605 Freeways. The property is ideally situated 1.5 miles from Greater El Monte Community Hospital and Metrolink Station, and walking distance to many dining and retail establishments, primary and secondary schools, and public parks. The Schmidt Road Apartments is currently at 100% occupancy rate with upside potential in rent with all units being able to generate an additional monthly rent of $225 for one-bedroom unit and $225 for two-bedroom unit. This would generate an increased total of $2,000 per month based on the current rental market, which would lead to an approximately 18% increase in income. The Schmidt Road Apartments is a stable income-producing property and a great long-term investment. It is located in a desirable, non-rent controlled area and offers growth and stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.
Interior and Exterior Features
Exterior Features
  • Pool: N/K
Property Information
Property and Assessments
  • Entry Only: No
  • Lot Size Source: Assessor Record
  • Zoning: EMR3YY
  • Assessors Parcel Num: 8105016024
Utilities
  • Water: Meter on Property
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 1
  • Unit 1 Num of Bedrooms: 1
  • Unit 1 Num of Total Baths: 1
  • Unit 1 Rent Actual: $975
Unit 2
  • Unit Num for Unit 2: 2
  • Unit 2 Num of Bedrooms: 2
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Rent Actual: $1,278

Property History for 11323 Schmidt Road

DateEvent & SourcePriceAppreciation
Nov 10, 2021

Withdrawn / Cancelled

SDMLS #AR21076359

—
Aug 27, 2021

Listed (Active)

SDMLS #AR21076359

—
Aug 9, 2021

Accepting Backup Offers

SDMLS #AR21076359

—
DateEvent & SourcePrice
11/10/2021

Withdrawn / Cancelled

SDMLS #AR21076359

—
08/27/2021

Listed (Active)

SDMLS #AR21076359

—
08/09/2021

Accepting Backup Offers

SDMLS #AR21076359

—

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

Public Records for 11323 Schmidt Road

Taxable ValueLand$834,406Additions$256,455Total$1,090,861
Tax Record2025$16,545 ($1,379 / month)
Home Facts
Baths4Total Finished SqFt3,104 SqFtAbove Grade Finished SqFt3,104 SqFtLot Size8,222 SqFtStyleQuadraplexYear Built1959Year Renovated1959ZoningEMR3YYCountyLOS ANGELESAPN8105-016-024

Schools near 11323 Schmidt Road

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

El Monte High School
Public9 to 12

El Monte Union High School Community Day
Public9 to 12

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 CB RICHARD ELLIS, ERIC CHEN

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.