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$1,188,800

Beds
2
Baths
1.0
sq ft
1,050

3903 Gilman Rd, El Monte, CA 91732

3903 Gilman Rd

El Monte, CA 91732

  • 320 days on market
Attention all investors , developers, and builders: Come see this amazing property consisting of a 2 bedroom 1 bath, House plus a converted 1 bedroom 1 bath garage sitting on a huge 1/2 Acre = 21,669 square feet LOT located in a prime area of El Monte surrounded by new developments! The city will allow you to do a Subdivision / Tract Map / PUD / Apartment Building to build 5 brand new Houses, PUDs, Condos, Townhouses, (each unit should easily sell around $800K + each) or multiple apartments. Please look at the adjoining and surrounding lots . What a better way to address the housing shortage while making a nice profit.

Details

Property type

Single Family Residence

Est. home value

$815,883

Lot size

0.4975 acres

Price per sq ft

$1,133

Year built

1950

Price History

11/04/2023
CRMLS

CRMLS #CV23205066

Listed
$1,188,800

Schools & Community

Neighborhood: 

River East

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

High school district: 

El Monte Union High

Negotiation Insights

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

Seller could get up to

$915,696
Asking price
$1,188,800
Closing costs (~8% of asking)
-$95,104
Est. remaining loan balance
-$178,000
Cash to seller
$915,696

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Clearvision Funding

Loan start date

May 2013

Original loan amount

$240,000

Est. remaining balance

$178,000

Interest rate

3.63%

Loan type

New Conventional, 30 year

Seller

Octavio Ochoa and Noemi A Cerna

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?

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Status: Active

Tomo last checked: 09/18/2024 at 7:10 PM

Listing updated: 08/13/2024 at 12:47 PM

Listed by: Cesar Navarro, RE/MAX MASTERS REALTY Phone #: (626) 967-1779

MLS: CRMLS #CV23205066

CRMLS logo

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