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$1,825,000

Beds
Unknown
sq ft
4,114

11139 Kauffman St, El Monte, CA 91731

11139 Kauffman St

El Monte, CA 91731

  • 140 days on market
    • Price drop $25,000↓
We are proud to present an exceptional investment opportunity: an eight-unit multifamily property located at 11139-11147 Kauffman Street in the vibrant City of El Monte. Ideally situated north of Romana Boulevard, 11139-11147 Kauffman Street offers a unique blend of classic charm and modern functionality. Residents enjoy convenient access to the 10 Freeway, the Metrolink El Monte Train Station, and a vibrant scene with dozens of shops, diverse restaurants, and exciting entertainment options within close proximity. El Monte offers a strong sense of community, with parks, schools, and activities that cater to families. It boasts a diverse food scene, influenced by its multicultural population. Steeped in history, the city offers a glimpse into the past at the El Monte Historical Museum and the Santa Fe Trail Historical Park. Beyond its rich heritage, El Monte boasts a convenient location with easy access to Los Angeles County, Orange County, and the Inland Empire. Nestled within the San Gabriel Valley, El Monte is surrounded by vibrant neighbors like Pasadena, Arcadia, Rosemead, Monrovia and West Covina. Within a 20-mile radius, you’ll find a wealth of local landmarks, including the world-renowned Huntington Library, The Rose Bowl, Dodger Stadium, and Crypto.com Arena. For outdoor enthusiasts, there’s Irwindale Speedway, Arcadia Golf Course, and Rosemead Park. The property features on-site laundry, private patios or yards, well-kept mature landscaping, garage parking and/or storage, and on-site parking. Some units are renovated with vinyl wood plank flooring and modern cabinetry, and all come equipped with functional kitchens and security screen doors. 11139-11147 Kauffman Street is a prime San Gabriel Valley income-producing property and a great long-term investment. The property is in a stable rental market area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.

Details

Property type

Apartment

Lot size

0.3512 acres

Price per sq ft

$444

Year built

1940

Price History

07/25/2024
CRMLS

CRMLS #CV24088746

Listed
$1,825,000
07/17/2024
CRMLS

CRMLS #CV24088746

Pending
$1,825,000
07/12/2024
CRMLS

CRMLS #CV24088746

Price change
$1,825,000
-1.35%

Schools & Community

Neighborhood: 

Norwood Cherrylee

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Victoria Cinquegrani

Loan start date

January 2022

Original loan amount

$362,757

Est. remaining balance

Not provided

Interest rate

3.1%

Loan type

Commercial

Seller

Jon A Cinquegrani

Lender

Universal Bank

Loan start date

July 2021

Original loan amount

$617,500

Est. remaining balance

Not provided

Interest rate

2.94%

Loan type

Commercial

Seller

Jon Cinquegrani

Lender

Alvin D Gettler

Loan start date

November 1998

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

6.6%

Loan type

Commercial

Seller

John Cinquegrani and Victoria Cinquegrani

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/18/2024 at 6:55 PM

Listing updated: 07/25/2024 at 9:35 AM

Listed by: ERIC CHEN, CB RICHARD ELLIS Phone #: (909) 418-2000

MLS: CRMLS #CV24088746

CRMLS logo

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