5.87% CAP and 7.34% Proforma CAP - One of the LOWEST PRICE PER UNIT and the Highest CAP Rate in El Monte. A desirable 9-unit single-story Value-add apartment complex in the heart of El Monte, California. It is strategically located in the heart of El Monte with proximity to major employment centers in the area such as Longo Lexus, Longo Toyota, El Monte Nissan, and many other shopping centers and major employers in the area. El Monte City Hall (police department, courthouse) is only a mile away, and it offers superb access to FWY 10. This location offers superb area amenities to tenants with a Walk Score of 81. There is no local rent control which provides maximum allowable rent increases under California AB1482. Current rents are significantly below market providing ±30% rental upside through unit upgrades. The property was built in 1959 and situated on a large ±12,092SF R4 zoned lot (ADUs upside possible, buyer to verify). It consists of two single-story buildings with a center walkway. It offers an easy to manage layout with all 1bed+1bath units. The property has been somewhat upgraded with double pane windows throughout, and some units have been updated as recently as 2014-2015. Each unit has laminate/vinyl wood flooring, updated kitchen with granite countertops, and new bathroom. Most of the plumbing in the units have been updated as needed. Parking is provided via twelve open space parking. Each unit is individually metered for electricity and gas. Laundry is provided via a shared laundry room. The property is an easy apartment to rent due to its convenient location. It offers easy access to many local and national retailers and is just minutes away from FWY 10. The property is located on a side street right off intersection of Peck Rd and Ramona Blvd, and within walking distance to many major employment centers in San Gabriel Valley. It is also minutes away from Valley Blvd, a major retail corridor and close to many multi-million-dollar new developments such as Magellan Gateway (±501,000 SF business parks development on Temple City Blvd), Holiday Inn – a ±133 room hotel that was recently completed, El Monte Gateway Project (a development project consisting of ±485 units of housing and ±25,000 square feet of retail), and many more. 11515 Medina Ct benefits from its prime location, with proximity to major transportation routes, educational institutions, shopping centers, recreational areas, and employment hubs.
Property Details
Property Features
Property Information:
Year Built: 1959
Stories: 1
Listing Office:
Office Name: Growth Investment Group Pasade
Office Phone: (626) 224-2495
Listing Agent: Han Chen
Interior Features
Interior Information:
Appliances: Gas Range
Flooring Type: Tile, Vinyl
Fireplace: None
Exterior Features
Exterior Information:
Private Pool: No
View: None
Parking Information:
Parking: Driveway
Lot Features
Lot Information:
Lot: Level, Near Public Transit, Rectangular Lot
Lot Size: 0.28 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
School Info
Assigned Schools Information:
Arroyo High School, Public District Grades 9-12
Other
Directions Information:
Directions: north west side of Ramona Blvd and Peck Rd intersection, side street Medina Ct
Price Information
Listing Price Info
Price Summary:
List Price: $1,880,000
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Housing Market Comparison
See how this home compares to others in El Monte, CA.
This property is $1.1M more than the Median Sold Price in El Monte, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #AR24003628
Listing Office:
Office Name: Growth Investment Group Pasade
Office Phone: (626) 224-2495
Listing Agent: Han Chen
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/6/2024, 12:55:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
High School
7
/10
Arroyo High School
4921 Cedar Ave
Distance between this listing and this school1.31 miles
Public District Grades 9-12
Nearby Schools
7
/10
Legore Elementary School
11121 Bryant Rd
Distance between this listing and this school0.51 miles
Public District Grades KG-6
3
/10
Baker Elementary School
12043 Exline St
Distance between this listing and this school0.72 miles
Public District Grades KG-5
3
/10
Willard F. Payne Elementary School
2850 Mountain View Rd
Distance between this listing and this school0.91 miles
Public District Grades KG-6
Nearby Schools
5
/10
Wright Elementary School
11317 Mcgirk Ave
Distance between this listing and this school0.71 miles
Public District Grades KG-8
5
/10
Columbia Elementary School
3400 California Ave
Distance between this listing and this school0.72 miles
Public District Grades KG-8
7
/10
Durfee Elementary School
12233 Star St
Distance between this listing and this school1.22 miles
Public District Grades KG-8
Assigned Schools
7
/10
Arroyo High School
4921 Cedar Ave
Distance between this listing and this school1.31 miles
Public District Grades 9-12
Nearby Schools
5
/10
El Monte High School
3048 Tyler Ave
Distance between this listing and this school0.91 miles
Public District Grades 9-12
3
/10
Mountain View High School
2900 Parkway Dr
Distance between this listing and this school1.57 miles
The neighbors living near this home have an average income of $53,846. Typical income of El Monte, CA residents is between $35k-100k annually. Residents typically live in married, with kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1151511513 Medina Ct
What is the listing price of this property?
The listing price of 1151511513 Medina Ct property is $1,880,000.
What type of property is this?
The property 1151511513 Medina Ct is a condo located in El Monte, California, 91731.
Is this property for sale now?
Active Listing: 1151511513 Medina Ct is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1151511513 Medina Ct are: Arroyo High School: GreatSchools Rating 7/10
Which year was this property built?
The year of construction for 1151511513 Medina Ct is 1959.
This home is located at 1151511513 Medina Ct in El Monte, CA and zip code 91731 in the The San Gabriel Valley neighborhood. This home, which was built in 1959, sits on a 0.28 acre lot. It has been listed on Rocket Homes since January 07, 2024 and is currently priced at $1,880,000.
El Monte, CA housing market in April 2024 saw over 9 listings sold above listed price, more than 1 sold at listed price and over 7 sold below. The inventory of homes for sale in El Monte, CA between March 2024 and April 2024 increased by 10.9%. The median list price of listings available in April 2024 was $715,000, while the average time on the real estate market was 36 days.
From Rocket Homes Real Estate and based on county public records data.