12127 Morehouse Street, El Monte, California 91732, El Monte, 91732 - bed, bath
12127 Morehouse Street
El Monte, California 91732
Property Price
SUMMARY
Analysis of 12127 Morehouse Street, El Monte, California 91732 is currently available with a list price of $949,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the El Monte Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
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 It's likely that the kitchens and bathrooms are outdated and require updates.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
CONSRISKS & DEFICIENCIES
- 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.
About 12127 Morehouse Street
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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1945
- Lot Size
- 6,869 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,866 | 2,848 | 14% |
| Lot Size | 6,869 | 15,913 | 14% |
| Price | $949.0K | $1.27M | 14% |
| Price per sq ft | $509 | $506 | 57% |
| Built year | 1945 | 1946 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 221 | 175 | 86% |
Pricing History
No pricing history data available.