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For Sale

$1,080,000

12,602 sqft$86/sqft183 days on market

3108 Adelia Ave AVE

El Monte, CA 91733

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

12,602

Square feet

1950

Built

Listing narrative

Description

This is a highly promising investment property in R3 land. Currently, there are two units with long-term, stable, and high-quality tenants: a convenience store rents for $2835 and a residential unit for $1500. Next to it is approximately 7000 sq ft of land suitable for residential development (2800 sq ft) and an ADU (Advanced Development Unit) of 800 sq ft. The existing storefront will remain unchanged, while the residential unit can be enlarged. A designer has been commissioned, and initial design drafts are available. It's close to schools and shopping malls. The city also allows daycare services in this area. In Los Angeles' booming rental market, this is a rare and excellent investment opportunity – don't miss it!

Listing agent (MLS): HSIU CHEN · Listing brokerage (MLS): HARVEST REALTY DEVELOPMENT

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,080,000

Beds

Beds n/a

Type

Multi-Family

Home Size

12,602 sqft

Baths

Baths n/a

Lot Size

0.29 acres

Year

1950

Status

For Sale

Days on Market

183

$ / Sqft

$86

· 8% down, 7% APR, 30yr fixed
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Courtesy of HARVEST REALTY DEVELOPMENT