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Multifamily

Woodside Village

701-761 S Garfield Ave, Monterey Park, CA 91754

Listing Price: $12,000,000

Cap Rate
3.14%
Number of Units
40
Occupancy
95.0%
Price/Unit
$300,000
Price/Gross SF
$216.25
Gross SF
55,492

Investment Overview

This subject property is a rare to find four 10-unit one-story bungalow style buildings with excellent visibility on Garfield Ave. The buildings were built in 1959 of wood frame and stucco construction. Units are separately metered for gas & electricity and there is a central gas hot water heater for each 10-unit building. Each 10-unit building has 1 two-bedroom and 9 one-bedroom units. Each unit also has a small private patio. There are 43 onsite parking spaces. There are many recent improvements on the property including the roof, unit upgrades and the security cameras. There is tremendous upside in the rent approximately 25%. A savvy investor who has knowledge of the local rental market could realize the upside in rent through renovations.

Investment Highlights

  • Single Story with well Layed Out Floor Plans
  • Air Conditioning
  • Separately Metered for Gas & Electricity » Vinyl Wood Plank Flooring (Most Units)

Exclusively Listed By

Listing Price: $12,000,000

Cap Rate
3.14%
Number of Units
40
Occupancy
95.0%
Price/Unit
$300,000
Price/Gross SF
$216.25
Gross SF
55,492

Investment Highlights

  • Single Story with well Layed Out Floor Plans
  • Air Conditioning
  • Separately Metered for Gas & Electricity » Vinyl Wood Plank Flooring (Most Units)

Investment Overview

This subject property is a rare to find four 10-unit one-story bungalow style buildings with excellent visibility on Garfield Ave. The buildings were built in 1959 of wood frame and stucco construction. Units are separately metered for gas & electricity and there is a central gas hot water heater for each 10-unit building. Each 10-unit building has 1 two-bedroom and 9 one-bedroom units. Each unit also has a small private patio. There are 43 onsite parking spaces. There are many recent improvements on the property including the roof, unit upgrades and the security cameras. There is tremendous upside in the rent approximately 25%. A savvy investor who has knowledge of the local rental market could realize the upside in rent through renovations.

Exclusively Listed By

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