$1,325,000

2532 Bryce Rd – Back on Market! Seller Financing Available!

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2532 Bryce Rd, El Monte, CA 91732
Posted: 6 months ago

Property Description

Description

5 Unit Apartment Building Offered at $1,325,000 at a 5% Cap Rate in El Monte, CA

INVESTMENT HIGHLIGHTS

  • Seller Financing Available – Contact LA for Details
  • Huge ±22,557 SF Lot
  • Stand-alone Units Offer Exceptional Privacy
  • 3 Houses and a Duplex
  • Great Unit Mix: (2) 2 Bed / 1 Bath, (3) 1 Bed / 1 Bath
  • Only 13 Miles to Downtown LA

EXECUTIVE SUMMARY

BACK ON MARKET, SELLER FINANCING AVAILABLE! AGGREGATE INVESTMENT PARTNERS is pleased to present the opportunity to purchase this 5 units multifamily in the city of El Monte, California. 2532 Bryce Road is located in a quiet residential area just south of Five Points neighborhood. The property is consisted of 3 stand-alone single-family residences (SFR) and 1 duplex on a huge lot, offering its tenants great privacy. The opportunity presents approx. 19% upside in rents. Property sold “As-Is” in its present condition, Seller will not pay or make any repairs/replacements.
2532 Bryce Road has a total building size of ±2,876 square feet, sitting on a huge ±22,557 square foot lot. The property is comprised of 3 houses and 1 duplex, offering a great unit mix of (2) 2 Bed / 1 Bath, and (3) 1 Bed / 1 Bath. There is a total of 8 parking spaces including a 2-car garage at the front of the property. Buyer to verify all information herein. Broker/Agent and Seller does not guarantee its accuracy.
The property is well-located near the intersection of Durfee Avenue and Elliott Avenue, with easy access to the 10, 60, and 605 freeways. Only 13 miles to DTLA, the property is also close to 99 Cents Only Stores, CVS, Marshalls, Maxson Elementary School, and Mountain View Park.
Note: Cap Rate and GRM are based on Pro-forma rental income.

Property Facts

  • Price
    $1,325,000
  • Building Class
    C
  • Price Per Unit
    $265,000
  • Lot Size
    0.52 AC
  • Sale Type
    Investment
  • Building Size
    2,876 SF
  • Cap Rate
    5.00%
  • Average Occupancy
    80%
  • Gross Rent Multiplier
    13.98
  • No. Stories
    1
  • No. Units
    5
  • Year Built
    1947
  • Property Type
    Multifamily
  • Parking Ratio
    2.78/1,000 SF
  • Property Subtype
    Apartment
  • Opportunity Zone
    No
  • Apartment Style
    Garden
Quick Information
  • Built year :
    1947
  • Parking :
    2.78/1,000 SF
  • Bedrooms :
    7
  • Bathrooms :
    5
  • Kitchens :
    1
Amenities
Air Conditioning 
Garden 
Kitchen 
Patio 
Yard 
Attachments

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Steve Chang

Senior Aggregate Investment Partners

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All calculation are based on tentative and estimated figure and shall not replace any financial advice