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2307 Continental Ave
South El Monte, CA 91733 Mountain View

Price Upon Request

Apartments For Sale  •  6,534 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,534 SF
  • Lot Size 0.42 AC
  • Building Class C
  • Year Built 1940
  • Zoning R-3
0 Transit Score
64 Walk Score

Highlights

Seller Financing: 20% Downpayment, 5.75% Interest Only, 10 Year Term.
Strong Unit Mix: (7) 2Bdr/1Bath units and (1) 1Bdr/1Bath unit operating as a 2Bdr/1Bath unit. All single-story, bungalow-style units.
Strong In-Place Cash Flow: Each unit averages $2,206 per month.
Possible Redevelopment Potential: Large 18,062 SF Lot zoned R-3.
Value-Add ADU: It may be possible to legalize the 1Bdr/1Bath unit as a 2bdr/1bath through the ADU Program. Buyer to verify.
Individually Metered: Separately Metered for Gas & Electricity.

Public Transportation

Commuter RailDriveWalkDistance
El Monte (San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) 5 min - 1.7 mi
Baldwin Park (San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) 13 min - 6.0 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 32 min - 22.2 mi
Bob Hope 38 min - 27.7 mi
Los Angeles International 40 min - 30.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Covered
Included in Rent: Yes