2711 Potrero Ave, El Monte, CA 91733
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2711 Potrero Ave El Monte, CA 91733

$1,471,835 Sold Price as of 10/18/2022
  • 12 Beds
  • 6 Baths
  • 5,041 Sq.Ft.
Sold
$1,471,835 Sold Price as of 10/18/2022 Refinance Your Mortgage

Map preview of 2711 Potrero Ave, El Monte, CA 91733

Property Overview: 2711 Potrero Ave El Monte, CA has 12 bedrooms, 6 bathrooms, 5,041 living square feet and 26,917 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Attention Investors!! Unique opportunity to own 5 units in El Monte on a large lot! Two units have: 3 bedrooms, 1.5 bathroom, and three units have 2 bedrooms, 1 bathroom. One unit has a private pool! There are 5 garages, and private yard areas for each unit, all with their own meters and laundry hookups. Property has multiple opportunities, as-is or re-developed! Zoned R3. Considered: Apartment House Medium-Density | Multi-Family. Allowed for: Multi-Family, SFR's and Apartment Homes. Not Allowed: Industrial / Warehouses / Retail. Highlights: Centrally located - schools, shopping centers, large parks - Whittier Narrows Recreational. Very high lease/ rent demand in the area. Per Title Profile: lot measures 299.99' front to back on both sides and 90' side to side in front and rear of property. Located approximately 12 miles east of downtown Los Angeles, El Monte is the hub of the San Gabriel Valley, with two major freeways (Interstates 605 and 10) intersect, and is the ninth largest city (out of 88) in Los Angeles County with a population of approximately 120,000. The land uses within its 10 square mile area are 58% residential, 11% retail, 10% industrial, 7% office/retail, and 14% other amenities.

Listed by Janna McRoy | BRE #01722608 | NextHome CREA Real Estate
Co-listed by SAL TORRES JR. | BRE #01280087 | NEXTHOME THE FOOTHILLS
Last checked: 1 minute ago | Last updated: October 20th, 2022 | Source CRMLS | DOM: 76

Home details

Lot Sq. Ft
26,917
HOA Dues
$0/mo
Year built
1961
Garage
6 Car
Property Type:
Mixed Use
Status
Sold
MLS#
CV22155427
City
El Monte
County
Los Angeles
Time on Site
611 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 5
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $965
  • Total Rent: $965
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,330
  • Total Rent: $1,330
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $965
  • Total Rent: $965
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,275
  • Total Rent: $1,275
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,290
  • Total Rent: $1,290
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $70,000
  • Net Operating Income: $46,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $24,000
  • Trash: $3,000
  • Insurance: $2,000
  • Professional Management: $3,000

Property Details for 2711 Potrero Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate, Tile
  • Family Room, Kitchen, Laundry, Living Room, Master Bedroom
Kitchen Information
  • Has Appliances
  • Disposal, Gas Range, Gas Water Heater, Microwave, Water Heater
Interior Features
  • Formica Counters
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Chain Link
  • No Spa
  • Spa Features: None
Exterior Features
  • Has Pool
  • Pool Features: Private
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Driveway, Garage
Lot Information
  • Lot Features: Landscaped, Lawn, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 8102028017
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Rosemead North toward 10 freeway, Rt on Garvey, Rt on Portrero, property is on the rt side.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local El Monte Agent

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Sale History for 2711 Potrero Ave

Last sold for $1,471,835 on October 18th, 2022
  • October, 2022

  • Oct 18, 2022

    Date

    Sold

    CRMLS: CV22155427

    $1,471,835

    Price

  • Jul 14, 2022

    Date

    Active

    CRMLS: CV22155427

    $1,800,000

    Price

Tax History for 2711 Potrero Ave

Assessed Value (2020): $137,818
Year Land Value Improved Value Assessed Value
2020 $30,013 $107,805 $137,818

Home Value Compared to the Market

This property vs the competition

2711 Potrero Ave sold on October 18, 2022 for 137.76% higher than the current median sold price for the city of El Monte which is $715,000. The median sold price per/sqft for El Monte is $446 and this home is sold at $337.23 per/sqft which puts the price per square foot 24.39% lower than the current median sale per square foot for the city of El Monte.

About 2711 Potrero Ave

Detailed summary of property

2711 Potrero Ave is a mixed use that recently sold in El Monte, CA 91733. This mixed use property offered 12 bedrooms, 6 bathrooms, roughly 5,041 living square feet, and sits on an approximately 26,917 square foot lot. 2711 Potrero Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $1,471,835. Home in El Monte are selling for a median price of $715,000 and a median price per square foot of $446. Based on Ardent Real Estate Group's El Monte Market Data, this home is sold 137.76% higher than the current median priced home. Local homes that are currently for sale include 4600 S Central Ave, 229 W 28th St and 419 W Commonwealth Ave. While the average home in El Monte, CA is selling in 45 days, 2711 Potrero Ave has a days on market of 76 days. There are currently 57 homes for sale in the El Monte real estate market and 46 of them are single family homes while 6 of them are condos and 5 are townhomes. For more information on this home for sale at 2711 Potrero Ave El Monte, CA 91733 contact Ardent Real Estate Group and we will put you in touch with one of our El Monte agents.

Public Facts for 2711 Potrero Ave

Public county record property details
Beds
12
Baths
6
Year built
1961
Sq. Ft.
5,041
Lot Size
26,916
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
9
APN
8102-028-017

The source for these homes facts are from public records.

91733 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$735,000
Median List Price/Sq.Ft.
$526
Median Sold Price
$768,000
Median Sold Price/Sq.Ft.
$446
Total Inventory
21
Median Sale to List Price %
100%
Avg Days on Market
12
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (40%), Other (20%)

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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.