2941 Maxson Road

Closed 11/22/23
Closed 11/22/23
Gallery Image 1
Sold
Last Sold Price
$1,800,000
14 beds8 baths5,966 sqft
2941 Maxson Rd, El Monte, CA 91732
Multi FamilyProperty Type
0.44 acresLot Size
1934Year Built
$302/sq ftPrice per sq ft
2 carsParking Spaces

Description

Attention investors! Don't miss this extraordinary investment opportunity in the bustling city of El Monte. This 7-unit income property sits on a spacious 19,000 sqft lot and offers 5,966 sqft of well-maintained living space. Several units have been recently updated, increasing the property's appeal and reducing future upkeep. Each unit is equipped with washer and dryer hook-ups, adding an extra layer of convenience for tenants. Ample parking is a huge plus, thanks to a long driveway that accommodates...Attention investors! Don't miss this extraordinary investment opportunity in the bustling city of El Monte. This 7-unit income property sits on a spacious 19,000 sqft lot and offers 5,966 sqft of well-maintained living space. Several units have been recently updated, increasing the property's appeal and reducing future upkeep. Each unit is equipped with washer and dryer hook-ups, adding an extra layer of convenience for tenants. Ample parking is a huge plus, thanks to a long driveway that accommodates up to 13 vehicles and a separate 2-car garage, ideal for additional storage. Located near major transportation routes, the property promises steady tenant demand and numerous options for future development, making it a high-yield asset with significant upside potential.
  • Listed by: Ray Miramontes DRE #01931740 Brokerage DRE #02142871 • Circle Real Estate
  • Listed by: Elyssa Apodaca DRE #01945344 Brokerage DRE #02142871 • Circle Real Estate
Listing closed: 11/22/2023 12:00 AM • Source: CRMLS, MLS#: PW23192656

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Recent comparable sales

Median sold price

$1,515,000

Avg days on market

79

Sale-to-list ratio

93.2%

El Monte, CA

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Location

Listing Courtesy of Circle Real Estate, Ray Miramontes, DRE #01931740; Circle Real Estate, Elyssa Apodaca, DRE #01945344

Sold By RE/MAX CHAMPIONS, Poe Ngo, DRE #01165387

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30 year fixed, 7.03% Interest

Principal and Interest

$9,609

Property Taxes

$2,314

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Property Information for 2941 Maxson Road

Property Details
  • MLS Type: Residential Income / Res Income 2-4 Units
  • County: Los Angeles County
  • Parking Spaces Total: 2
  • Private Pool: No
  • Total Units: 7.0
  • Building Type: Detached
  • Lot Size Source: Assessor
  • Living Area: 5966
  • Assessor Parcel Number: 8106-008-010
  • Property Attached YN: false
  • Common Walls: No Common Walls
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 5966
  • Building Area Units: Square Feet
  • Stories Total: 1
  • Entry Level: 1
  • Pool: No
  • Zoning: EMR3YY
  • Senior Community: No
  • Parcel Number: 8106008010
  • Area: El Monte (619)
  • Directions: .
Building Information
  • Building/Complex: 2941 Maxson Rd
  • Stories: 1
  • Year Built: 1934
Income / Expense / Tax Details
Income Details
  • Gross Income: $106,652
  • Gross Scheduled Income: $106,652
  • Net Operating Income: $90,457
  • Financing: Conventional
Expense Details
  • Operating Expense: $16,195
  • Insurance Expense: $2,565
  • Professional Management Expense: $8,500
  • Trash Expense: $3,371
  • Water Sewer Expense: $1,759
  • Total Expenses: $16,195
Tax / Assessment Info
  • Tax Block: A
  • Tax Tract Number: 10848
  • Tax Census Tract: 4339.01
  • CFD/Mello-Roos Fee: $2,466
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Curbs, Storm Drains
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Carport, Driveway, Garage - 2 Car
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Carport, Detached Carport, Driveway, Asphalt, Garage - Two Door
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,425
  • Unit Type Total Rent: $1,425
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,050
  • Unit Type Total Rent: $1,050
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,795
  • Unit Type Total Rent: $1,795
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,425
  • Unit Type Total Rent: $1,425
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,050
  • Unit Type Total Rent: $1,050
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 7
Unit Information
  • Number Of Units Leased: 7
  • Rent Controlled: No
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 2941 Maxson Road

DateEvent & SourcePriceAppreciation
Nov 22, 2023

Sold

SDMLS #PW23192656

$1,800,000—
Nov 22, 2023

Sold

CRMLS #PW23192656

$1,800,000—
Nov 22, 2023

Sold

CLAW #PW23192656MR

$1,800,000—
DateEvent & SourcePrice
11/22/2023

Sold

SDMLS #PW23192656

$1,800,000
11/22/2023

Sold

CRMLS #PW23192656

$1,800,000
11/22/2023

Sold

CLAW #PW23192656MR

$1,800,000

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

Public Records for 2941 Maxson Road

Taxable ValueLand$1,196,460Additions$676,260Total$1,872,720
Tax Record2025$27,771 ($2,314 / month)
Home Facts
Baths7Total Finished SqFt5,966 SqFtAbove Grade Finished SqFt5,966 SqFtLot Size19,339 SqFtStyleMulti-Family Dwelling (2-4)Year Built1934Year Renovated1934ZoningEMR3YYCountyLOS ANGELESAPN8106-008-010

Schools near 2941 Maxson Road

This home is within El Monte Union High School District.
Rating
School
Type
Grades
Distance
Willard F. Payne Elementary School
Public - K to 6
Mountain View 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
Willard F. Payne Elementary School
PublicK to 6

Mountain View 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 2941 Maxson Road, El Monte, CA 91732
$1,800,000
14
8
5,966
19,339
2929 Maxson Road, Unit C, El Monte, CA 91732
–
4
3
1,867
1,899
2929 Maxson Road, Unit A, El Monte, CA 91732
–
4
3
1,867
1,901
2929 Maxson Road, Unit B, El Monte, CA 91732
$299,500
4
1,867
1,899
2929 Maxson Road, Unit D, El Monte, CA 91732
$418,000
4
1,867
1,898
2929 Maxson Road, Unit F, El Monte, CA 91732
$200,000
4
3
1,867
2,479

Explore Nearby Homes

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 Circle Real Estate, Ray Miramontes, DRE #01931740; Circle Real Estate, Elyssa Apodaca, DRE #01945344

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.