tomo logo

$2,250,000

Beds
Unknown
sq ft
5,080

12223 Magnolia St, El Monte, CA 91732

12223 Magnolia St

El Monte, CA 91732

  • 196 days on market
The Magnolia Street Apartments is located at 12223 Magnolia Street in the city of El Monte, just south of the I-10 Freeway and west of the I-605 Freeway, between Durfee Avenue and Garvey Avenue. Magnolia Street Apartments is positioned within walking distance to Mountain View Park, Parkview Elementary School, and Mountain View High School. The property is also in close proximity to Food 4 Less, coffee shops, financial institutions and major retail outlets. Magnolia Street Apartments is a well-maintained, non-rent-controlled, single-story, 6 unit property situated on a ±19,260 square foot lot with a total building size of ±5,080 square feet. The property features five detached single-story buildings with pitched composition shingle roofs. The property offers spacious two-bedroom/one-bathroom units and two-bedroom/one- bathroom +den units with an average unit size of 847 square feet. Every unit includes wall air conditioning and heating, washer hook-ups, and individual water heaters. Select units offer laminate wood flooring and new kitchen cabinets. Lastly, all units are individually metered for gas and electricity. Potential to add 1-2 units ADU extra income(please verify with city)

Details

Property type

Apartment

Est. home value

$2,167,630

Lot size

0.4423 acres

Price per sq ft

$443

Year built

1960

Price History

06/11/2024
CRMLS

CRMLS #TR24118808

Listed
$2,250,000
06/08/2024
CRMLS

CRMLS #TR23101913

Removed
$2,250,000
06/09/2023
CRMLS

CRMLS #TR23101913

Listed
$2,250,000
+40.19%

Schools & Community

Neighborhood: 

Mountain View

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

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

First Commercial Bank Usa

Loan start date

November 2021

Original loan amount

$1,120,000

Est. remaining balance

Not provided

Interest rate

2.48%

Loan type

Commercial

Seller

Esther Investment Llc

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: 12/23/2024 at 5:35 PM

Listing updated: 10/02/2024 at 4:41 PM

Listed by: Grace Zhang, RE/MAX Galaxy Phone #: (909) 860-8668

MLS: CRMLS #TR24118808

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