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11833 Valley Blvd, El Monte, CA 91732
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11833 Valley Blvd El Monte, CA 91732

$2,255,000 Sold Price as of 04/17/2019
  • 11 Beds
  • 9 Baths
  • 10,592 Sq.Ft.
Sold
$2,255,000 Sold Price as of 04/17/2019 Refinance Your Mortgage
Map preview of 11833 Valley Blvd, El Monte, CA 91732

Property Overview: 11833 Valley Blvd El Monte, CA has 11 bedrooms, 9 bathrooms, 10,592 living square feet and 25,910 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 11833-11841 Valley Blvd. in the City of El Monte. The offering is a mixed-use property that consists of seven one bedroom one bathroom and two units that are two bedrooms and 1 bathroom, four commercial units, and a large parking lot which separates the commercial units from the residential units. Nine residential units and 4 commercial units total. You have a large lot of 25,909 square foot with an estimated 10,592 square feet of rentable space. The property has individual gas and electric meters and residential tenants pay for their own gas and electricity. There are 21 to 24 potential parking spaces located between the commercial buildings and the residential units and a 3 car garage that is currently used for storage. Including the 3 car garage that will make it a potential 27 car parking. (The residential units are each assigned one car parking). Valley Blvd offers a great combination of retail stores and apartment buildings; this is a nice mixed-use property with both product types. This is a great El Monte investment for an investor with potential upside in rents and cap rate. Per the owners, the property is located in an IRS enterprise zone. There is a substantial income tax savings opportunity for an investor that buys and holds for 10 years. Come see this beautiful property before it's SOLD!

Listed by YING-HUEI CHOU | BRE #01852861 | K.W. EXECUTIVE
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 104

Home details

Lot Sq. Ft
25,910
HOA Dues
$0/mo
Year built
1940
Garage
3 Car
Property Type:
Mixed Use
Status
Sold
MLS#
CV19001216
City
El Monte
County
Los Angeles
Time on Site
1369 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 13
  • Total # of Buildings: 6
  • # of Leased Units: 13
  • # of Electric Meters: 13
  • # of Gas Meters: 13
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $980
  • Total Rent: $980
  • Pro Forma/Market Rent: $980
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $980
  • Total Rent: $980
  • Pro Forma/Market Rent: $980
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $960
  • Total Rent: $960
  • Pro Forma/Market Rent: $960
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $900
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,000
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,000
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $925
  • Total Rent: $925
  • Pro Forma/Market Rent: $925
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $980
  • Total Rent: $980
  • Pro Forma/Market Rent: $980
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $980
  • Total Rent: $980
  • Pro Forma/Market Rent: $980
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $980
  • Total Rent: $980
  • Pro Forma/Market Rent: $980
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $960
  • Total Rent: $960
  • Pro Forma/Market Rent: $960
Unit Breakdown 13
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $960
  • Total Rent: $960
  • Pro Forma/Market Rent: $960
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.23%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $168,060
  • Net Operating Income: $96,836
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $71,224
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $42,600
  • Trash: $0
  • Gardener: $3,696
  • Insurance: $5,713
  • Professional Management: $13,445
  • Water/Sewer: $0
  • Other Expenses: $5,770
  • Other Expense Description: Utility

Property Details for 11833 Valley Blvd

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 25
Lot Information
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 13
  • Parcel Number: 8565013001
  • Year Built Source: Assessor
  • Property is Attached
  • Property Condition: Additions/Alterations, Repairs Cosmetic, Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Street: Valley Blvd & Garvey Ave
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local El Monte Agent

Sale History for 11833 Valley Blvd

Last sold for $2,255,000 on April 17th, 2019

  • April, 2019

  • Apr 17, 2019

    Date

    Sold

    CRMLS: CV19001216

    $2,255,000

    Price

  • Feb 20, 2019

    Date

    Price Change

    CRMLS: CV19001216

    $2,700,000

    Price

  • Jan 23, 2019

    Date

    Price Change

    CRMLS: CV19001216

    $2,850,000

    Price

  • Jan 4, 2019

    Date

    Active

    CRMLS: CV19001216

    $2,998,000

    Price

  • April, 2019

  • Apr 16, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,255,000

    Price

Show More

Tax History for 11833 Valley Blvd

Assessed Value (2020): $2,300,100
Year Land Value Improved Value Assessed Value
2020 $1,530,000 $770,100 $2,300,100

Home Value Compared to the Market

This property vs the competition

11833 Valley Blvd sold on April 17, 2019 for 252.94% higher than the current median sold price for the city of El Monte which is $765,000. The median sold price per/sqft for El Monte is $470 and this home is sold at $254.91 per/sqft which puts the price per square foot 45.76% lower than the current median sale per square foot for the city of El Monte.

About 11833 Valley Blvd

Detailed summary of property

11833 Valley Blvd is a mixed use that recently sold in El Monte, CA 91732. This mixed use property offered 11 bedrooms, 9 bathrooms, roughly 10,592 living square feet, and sits on an approximately 25,910 square foot lot. 11833 Valley Blvd was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $2,255,000. Home in El Monte are selling for a median price of $765,000 and a median price per square foot of $470. Based on Ardent Real Estate Group's El Monte Market Data, this home is sold 252.94% higher than the current median priced home. Local homes that are currently for sale include 1215 Temple Ave, 1126 Raymond Ave and 811 Gardenia Ave. While the average home in El Monte, CA is selling in 38 days, 11833 Valley Blvd has a days on market of 104 days. There are currently 56 homes for sale in the El Monte real estate market and 48 of them are single family homes while 5 of them are condos and 3 are townhomes. For more information on this home for sale at 11833 Valley Blvd El Monte, CA 91732 contact Ardent Real Estate Group and we will put you in touch with one of our El Monte agents.

Public Facts for 11833 Valley Blvd

Public county record property details
Beds
3
Baths
3
Year built
1940
Sq. Ft.
5,636
Lot Size
25,909
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
8565-013-001

The source for these homes facts are from public records.

91732 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$798,000
Median List Price/Sq.Ft.
$507
Median Sold Price
$750,000
Median Sold Price/Sq.Ft.
$468
Total Inventory
36
Median Sale to List Price %
107.14%
Avg Days on Market
30
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (30%), Other (20%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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