11149-11203 Klingerman St, El Monte, CA 91733

11149-11203 Klingerman St, El Monte, CA 91733

El Monte, CA

Property Description

Lyon Stahl Investment Real Estate is proud to present 11149 – 11203 Klingerman St, two side-by-side multifamily properties totaling 6 units. The unit mix of 11149 Klingerman Street consists of (1) 3-bed/1-bath unit and (1) 1-bed/1-bath unit; 11203 Klingerman includes (2) 3-bed/1-bath units and (2) 2-bed/1-bath units.  Both parcels are zoned R3 and create a combined total lot size of 29,568 square feet. This 6-unit property is well situated in El Monte just minutes away from the Santa Fe Trail Plaza, the newly renovated El Monte Metro Station, and the upcoming El Monte Gateway project. This is an excellent development or value-add investment opportunity with immediate upside potential!

<strong>Investment Highlights:</strong>
<div>•Two Side-by-Side Buildings | Potential to Obtain Residential Financing</div>
<div>•Unit Mix Consisting of (3) 3-Bed/1-Bath Units, (2) 2-Bed/1-Bath Units, and (1) 1-Bed/1-Bath Unit</div>
<div>•Incredible Value-Add Investment Opportunity</div>
<div>•Located blocks away from the $700 Million El Monte Gateway Project – Slated for Completion by Mid-2020</div>

Property Features

  • Sale Price: $1,635,000
  • Area Size: 5,754 SF
  • Land Area: 29,568 SF
  • Year Built: 1942
  • Closing Date: 3/03/2020
  • Units: 6
  • Current GRM: 20.02
  • Current Cap Rate: 2.67%
  • Market GRM: 15.36
  • Market Cap Rate: 4.11%

Lyon Stahl Investment Real Estate

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