Property listed by ReMax 2000 Realty, Frank Chen 626-826-9280
$920,000
Are you a smart investor or home buyer? !!!!!!!!!!!!!!Great location in North El Monte. Gated house located in a quite and safe community. Easy access to highway I-10 and I-605. Close to school, shopping centers and Asian supermarket. The single house was built in 1943 with 638 SQFT, owner started… Read More to make addition 1114 SQFT and complete renovation of the original one in 2006 with permits, replaced the roof and install laminated wood floor, installed gas pipe, double pane windows**** County accessor put 1975 as the Effective Year Built****Owner lives in 3 bedrooms and 2 baths with spacious living room, remodeled kitchen with big dining table. Tenants live in a 2 bedrooms, 1 bath with separate entrance and kitchen. (Please refer to the floor plan on the 19th picture) ******Kitchen was remodeled 6 years ago with new granite countertop and new cabinets, range hood*****Detached garage with 180 SQFT permitted addition ( not included in the 1752 SQFT building) and laundry area has been converted to a bedroom with living room and bathroom for rental income. ******It's easy for the new owner to convert the house back to a 5 bedroom 3 baths single house with a 2 car detached garage***** Or live in the 3 bedroom main house and rent out the other 2 bedroom unit and the garage conversion unit for about $4000 monthly income.*****Assume 20% down, 6.5% 30 years rate fix, monthly payment $4,550.89, property tax $900 monthly, with 50% DTI (Debit to Income Ratio) , buyers need $10901.78 monthly income to be approved for loan; with $4000 monthly rental income, buyers need $8,101.78 monthly income only. ******Seller is willing to help to get the permits for the JADU and ADU before escrow closings if additional rental income required to be qualified for the mortgage loans.****You may buy it with your relatives or friends together since the house could be divided into 3 units with separate entries. Read Less
Listing Snapshot
Days Online
107
Last Updated
Property Type
Single Family Residence
Beds
6
Full Baths
4
Square Ft.
1,932
Lot Size
0.14 Acres
Year Built
1975
MLS Number
TR25050261
30 Days Snapshot Of 91732
$838k
+15%
(avg) sold price
17
+88%
homes sold
73
-3%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1975, Levels: One, Living area: 1932, 1 story, Common walls: NoCommonWalls
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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