11515-11513 Medina Court

El Monte, CA 91731

$1,880,000
Price
1
Beds
9
Baths
4,656 Sq. Ft.
$404 / Sq. Ft.
4,656
Sq. Ft.
$404
per Sq. Ft.

Description

5.87% CAP and 7.34% Proforma CAP - One of the LOWEST PRICE PER UNIT and the Highest CAP Rate in El Monte. A desirable 9-unit single-story Value-add apartment complex in the heart of El Monte, California. It is strategically located in the heart of El Monte with proximity to major employment centers in the area such as Longo Lexus, Longo Toyota, El Monte Nissan, and many other shopping centers and major employers in the area. El Monte City Hall (police department, courthouse) is only a mile away,...5.87% CAP and 7.34% Proforma CAP - One of the LOWEST PRICE PER UNIT and the Highest CAP Rate in El Monte. A desirable 9-unit single-story Value-add apartment complex in the heart of El Monte, California. It is strategically located in the heart of El Monte with proximity to major employment centers in the area such as Longo Lexus, Longo Toyota, El Monte Nissan, and many other shopping centers and major employers in the area. El Monte City Hall (police department, courthouse) is only a mile away, and it offers superb access to FWY 10. This location offers superb area amenities to tenants with a Walk Score of 81. There is no local rent control which provides maximum allowable rent increases under California AB1482. Current rents are significantly below market providing ±30% rental upside through unit upgrades. The property was built in 1959 and situated on a large ±12,092SF R4 zoned lot (ADUs upside possible, buyer to verify). It consists of two single-story buildings with a center walkway. It offers an easy to manage layout with all 1bed+1bath units. The property has been somewhat upgraded with double pane windows throughout, and some units have been updated as recently as 2014-2015. Each unit has laminate/vinyl wood flooring, updated kitchen with granite countertops, and new bathroom. Most of the plumbing in the units have been updated as needed. Parking is provided via twelve open space parking. Each unit is individually metered for electricity and gas. Laundry is provided via a shared laundry room. The property is an easy apartment to rent due to its convenient location. It offers easy access to many local and national retailers and is just minutes away from FWY 10. The property is located on a side street right off intersection of Peck Rd and Ramona Blvd, and within walking distance to many major employment centers in San Gabriel Valley. It is also minutes away from Valley Blvd, a major retail corridor and close to many multi-million-dollar new developments such as Magellan Gateway (±501,000 SF business parks development on Temple City Blvd), Holiday Inn – a ±133 room hotel that was recently completed, El Monte Gateway Project (a development project consisting of ±485 units of housing and ±25,000 square feet of retail), and many more.
11515 Medina Ct benefits from its prime location, with proximity to major transportation routes, educational institutions, shopping centers, recreational areas, and employment hubs.
  1. Listed by Han Chen • DRE #01749321 • Brokerage DRE #02201380 • Growth Investment Group Pasade • 626-224-2495

Property Details for 11515-11513 Medina Court

View
None
Parking Spaces Total
12
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
9.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4656

Location

Listing Courtesy of Growth Investment Group Pasade, Han Chen, DRE #01749321
Add your commute
LISTING UPDATED: 04/23/2024 07:00 AM

Property Details for 11515-11513 Medina Court

StatusActive
MLS #AR24003628
Days on Market116
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1959
CountyLos Angeles County

Location

Listing Courtesy of Growth Investment Group Pasade, Han Chen, DRE #01749321
Add your commute

Building Information for 11515-11513 Medina Court

Building/Complex11515-11513 Medina CtFloor-Stories1Residences-Pet Policy-Year Built1959Building Size-

Payment Calculator

$10,260 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,260

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11515-11513 Medina Court

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $166,563
  • Gross Scheduled Income: $166,563
  • Vacancy Allowance: 4997
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $161,566
  • Net Operating Income: $110,253
  • Gross Multiplier: 11.29
  • Cap Rate: 5.87
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $51,314
  • Operating Expense Percent: 32.00%
  • New Taxes Expense: $26,560
  • Gardener Expense: $1,200
  • Fuel Expense: $153
  • Licenses Expense: $274
  • Electric Expense: $422
  • Insurance Expense: $2,972
  • Maintenance Expense: $5,946
  • Professional Management Expense: $0
  • Trash Expense: $6,190
  • Water Sewer Expense: $4,586
  • Total Expenses: $51,314
Tax / Assessment Info
  • Tax Area: 0
  • Tax Rate: 0.0
  • Tax Year: 2023
  • Tax Annual Amount: $18,516
  • Tax Block: 0
  • Tax Tract Number: 0
  • Tax Lot: 0
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Valley
Property / Structure Info
Interior Features
  • Appliances: Gas Range
  • Equipment: Community
Exterior Features
  • Roof: Asbestos Shingle
  • Entry Location: ground
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit, No Landscaping
  • Direction Faces: Southwest
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway
  • Uncovered Spaces: 12
  • Open Other Spaces Total: 12
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway
Unit Information
Unit 1
  • Unit Type Units Total: 9
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 9
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,535
  • Unit Type Total Rent: $13,814
  • Unit Type Pro Forma: 16200
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 9
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 9
  • Number With Refrigerator: 0
  • Number With Disposal: 9
  • Number Wall AC: 9

Property History for 11515-11513 Medina Court

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 11515-11513 Medina Court

This home is within El Monte Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Legore Elementary School
PublicK to 6

Wright Elementary School
PublicK to 8

Arroyo High School
Public9 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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11515-11513 Medina Court is a multi-family home for sale in El Monte, CA 91731. This property was listed for sale on January 7, 2024 by Growth Investment Group Pasade, it's currently listed at $1,880,000. This listing's school districts are El Monte Union High School District, El Monte City School District. Nearby schools include Legore Elementary School, Wright Elementary School and Arroyo High School. 11515-11513 Medina Court is a 1-bed, 9-bath, 4,656 sqft multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Growth Investment Group Pasade, Han Chen, DRE #01749321

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.