12127 Roseglen St, El Monte, CA 91732

Property Description

We are pleased to offer for sale a rare investment opportunity in the highly sought after rental community of the city of El Monte: a collection of 6 detached, cottage-style units, on the market for the first time since their initial construction. This unique property spans a vast 40,832 square foot lot (nearly an acre) and offers a substantial rental space of 5,744 square feet. The subject property offers a favorable unit mix that includes; 1(3 Bed/2 Bath), 2(3Bed/1Bath), and 3(2 Bed/1Bath). Tenants are responsible for all utilities, including water (separate meters all units). This aspect significantly reduces operating expenses for the owner, enhancing the investment's appeal. The property is also designed to attract and retain tenants with its ample open spaces, convenient onsite parking, and the coveted amenity of washer/dryer hookups in some units. Furthermore, each unit boasts its own front yard and backyard, offering a sense of privacy and community living. With the immense potential of 37% upside in rental income, and no local city rent control in place, a new owner can take advantage of the repositioning opportunity this investment offers.