12223 Magnolia Street, El Monte, California
12223 Magnolia Street, El Monte, California 91732 - CBRE is proud to exclusively present the Magnolia Street Apartments located in the city of El Monte. The Magnolia Street Apartments is located on Magnolia Street between Maxson Road and Durfee Avenue. The property is conveniently located South of the Interstate 10 Freeway and West of 60 Freeway. Walking distance to Mountain View Park, Parkview Elementary School, Mountain View High School. Close proximity to Food 4 Less, coffee shops, financial institutions and major retail outlets. Investors have the rare opportunity to own a consistent income producing property in a prime location. Built in 1960, the Magnolia Street Apartments contain six units on a 19,260 square foot lot. The building features five detached single story buildings with pitched composition roofs. The Magnolia Street Apartments consist of four two-bedroom/one-Investment Summary bathroom units and two three-bedroom/one-bathroom units. The building size for this property totals 5,080 square feet with an average unit size of 847 square feet. The Magnolia Street Apartments is currently at 100% occupancy rate and can generate a monthly income of $7,800 with potential to increase monthly income to $10,200 with interior renovations.
Listing Courtesy of CB RICHARD ELLIS