11515 Medina Court
11515 Medina Court
Description
- Listed by Han Chen • DRE #01749321 • Brokerage DRE #02201380 • Growth Investment Group Pasade
Property Details for 11515 Medina Court
Location
Property Details for 11515 Medina Court
| Status | Active |
|---|---|
| MLS # | AR24003628 |
| Days on Market | 119 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | 2-4 Units |
| Year Built | - |
| Lot Size | 0.28 AC / 12,092 SF |
| County | Los Angeles County |
Location
Building Information for 11515 Medina Court
Payment Calculator
$10,260 per month
30 year fixed, 7.25% Interest
$10,260
—
$0
Property Information for 11515 Medina Court
- System ID: 306079614
- Class: 2-4 UNITS
- Levels: 1 Story
- Street Number Numeric: 11515
- Street Name: Medina Court
- Directions To Property: north west side of Ramona Blvd and Peck Rd intersection, side street Medina Ct
- Home Owner Fees: $0
- Monthly Total Fees: $178
- CFD/Mello-Roos Fee: $2,138
- CFD/Mello-Roos Fee Reflct: Year
- Virtual Tour Link: http://growthinvestmentgroup.com/listingdetail.aspx?pid=10412
- Supplement: 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.
- Num of Units w/Cooling: 9
- Pool: N/K
- Total Stories: 1
- Entry Only: No
- Lot Size Source: Assessor Record
- Topography: Level
- Zoning: Assessor
- Assessments: Yes/Remarks
- Assessors Parcel Num: 8568020020
- Unit Num for Unit 1: 1
- Unit 1 Num of Bedrooms: 1
- Unit 1 Num of Total Baths: 1
- Unit 1 Rent Actual: $1,535
Property History for 11515 Medina Court
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 11515 Medina Court
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 | ||
El Monte Union High School Community Day 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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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.