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2307 Continental Ave
South El Monte, CA 91733
2307 Continental Avenue · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Seller Financing: 20% Downpayment, 5.75% Interest Only, 10 Year Term.
- Strong In-Place Cash Flow: Each unit averages $2,206 per month.
- Value-Add ADU: It may be possible to legalize the 1Bdr/1Bath unit as a 2bdr/1bath through the ADU Program. Buyer to verify.
- Strong Unit Mix: (7) 2Bdr/1Bath units and (1) 1Bdr/1Bath unit operating as a 2Bdr/1Bath unit. All single-story, bungalow-style units.
- Possible Redevelopment Potential: Large 18,062 SF Lot zoned R-3.
- Individually Metered: Separately Metered for Gas & Electricity.
Property Facts
| No. Units | 8 | Building Size | 6,534 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1940 |
| Building Class | C | Parking Ratio | 1.22/1,000 SF |
| Lot Size | 0.42 AC | ||
| Zoning | R-3 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 6,534 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | R-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | $2,206 | 800 |
| 1+1 | 1 | $2,206 | 800 |
Property Taxes
| Parcel Number | 8104-023-002 | Improvements Assessment | $420,177 |
| Land Assessment | $140,371 | Total Assessment | $560,548 |
Property Taxes
Parcel Number
8104-023-002
Land Assessment
$140,371
Improvements Assessment
$420,177
Total Assessment
$560,548
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