12127 Morehouse Street, El Monte, California 91732, El Monte, 91732 - bed, bath

12127 Morehouse Street, El Monte, California 91732 home-pic-0
ACTIVE$949,000
12127 Morehouse Street, El Monte, California 91732
0Bed
0Bath
1,866Sqft
6,869Lot
Year Built
1945
Close
-
List price
$949K
Original List price
$949K
Price/Sqft
$509
HOA
-
Days on market
-
Sold On
-
MLS number
IG25169336
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $949.0K(10th), sqft - 1866(30th), beds - undefined(50th), baths - undefined(50th).

Great investment opportunity in the heart of El Monte! This 4-unit is located on a quiet cul-de-sac close to Elliot Park and schools. Easy access to 10 and 60 freeways. Each unit has a private patio and washer/dryer hookups. Front unit (12127 Motehouse st) is a Single Family Residence with 2 beds and 1 bath. Back building has the other 3 units – Two 1 bed/1 bath (12129, 12129 1/2 Morehouse St), and One studio with 1 bath (12129 1/4 Morehouse St). Property is fully occupied with long-term tenants. Tenants pay Gas and Electricity with their separate meters. Rents have not been raised for years. Property has stable cash flow with MASSIVE UPSIDE POTENTIAL. Investors have the flexibility to strategically raise rents, enhance unit interiors, or add modern amenities to significantly increase returns. Whether you’re a seasoned investor or just entering the multifamily space, this is the kind of asset that builds long-term wealth. Don’t miss your chance to transform this rare multi-unit into a cash-flow powerhouse! PLEASE DO NOT DISTURB THE TENANTS as THIS IS DRIVE BY ONLY . OFFER SUBJECT TO INTERIOR​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​‌‌​​‌‌​​​​ INSPECTION.

Condition Rating
Fair

The property was built in 1945. The listing mentions the potential to enhance unit interiors, suggesting they are not recently renovated. The exterior visible in the images appears aged, supporting a 'fair' condition score. It's likely that the kitchens and bathrooms are outdated and require updates.
Pros & Cons

Pros

Investment Opportunity: The property presents a significant investment opportunity in a desirable El Monte location.
Cash Flow Potential: The property offers stable cash flow with substantial upside potential through strategic rent increases and unit enhancements.
Prime Location: Located on a quiet cul-de-sac, close to Elliot Park, schools, and with easy access to the 10 and 60 freeways.
Unit Configuration: The property features a mix of unit types (SFR, 1 bed/1 bath, and studio) catering to a diverse tenant base.
Individual Amenities: Each unit has a private patio and washer/dryer hookups, enhancing tenant appeal.

Cons

Age of Property: Built in 1945, the property may require updates and maintenance to meet modern standards.
Deferred Rent Increases: Rents have not been raised for years, indicating a need for immediate adjustments which could lead to tenant turnover.
Tenant Disturbance Restriction: Limited access for interior inspection due to tenant occupancy restricts thorough due diligence.

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