Listed by Brenda Hennessy•DRE #01965101• Seven Gables Real Estate
Contact: 626-252-0947
Contingent
$1,399,999
Est. $9,084/mo —
8
bd
•
4 ba
•
5
sq ft
11318 Ranchito, El Monte, CA 91732
About this home
Charming Triplex on wide, tree-lined Ranchito Street in El Monte! Beautifully maintained with lush landscaping and excellent curb appeal. All units are bright, well-lit, and pride of ownership maintained. Featuring newer windows and fresh paint throughout. Nearly 20,000 sq ft lot offers a rare opportunity to add a 4th or 5th unit (buyer to verify with the City of El Monte). Great cash-flowing asset or value-add investment in desirable, established neighborhood. Don't miss this turnkey multi-unit opportunity with room to grow!
Norwood Cherrylee, located between Peck Road and Santa Anita Avenue, is a residential and commuter-friendly El Monte neighborhood with a grid of mid-century streets and a foothill-framed horizon. The neighborhood’s character concentrates around the Peck Road corridor near the I-10 ramps, where auto shops, taquerías, and small storefronts set a workaday rhythm. Housing leans toward single-story ranch homes and compact apartment courts with mature shade trees and tidy front yards. Daily routines orbit nearby parks and school campuses, with sidewalks that suit short errands and evening walks. The San Gabriel River corridor and Whittier Narrows area add open-space relief to the urban fabric.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
One-level entry
Front entry
No common walls
Bedrooms
Unit A: 1 bedroom (unfurnished)
Unit B: 2 bedrooms (unfurnished)
Unit C: 2 bedrooms (unfurnished)
Unit D: 3 bedrooms (unfurnished)
Bathrooms
Each unit has 1 full bathroom
Laundry & utility
Dedicated laundry room
Tenants pay all utilities
Heating & cooling
Three wall air-conditioning units
Exterior features
No pool
Lot between 10,000 and 19,999 sq ft
Curbs and sidewalks
Suburban setting
Between Lower Azusa and Cedar Ave. (directions)
Home design
Single-story multiunit property
Four separate buildings
No accessory dwelling unit
Parking
Two total parking spaces
Driveway parking
Two garage spaces assigned to one unit
Construction
Year built per public records
Utilities
Public sewer
District/public water
One separate water meter
Three separate gas meters
Three separate electric meters
Financial info
Total of 4 units
Gross scheduled income: $93,600
Gross income: $93,600
Net operating income: $42,600
Operating expenses: $51,000
Insurance expense: $3,000
Water/sewer expense: $1,500
Trash expense: $1,500
Rent control applies
Actual rents reported: $2,250, $2,650, $2,900 (by unit)
Electricity and solar
View estimated energy costs and solar savings for this home
Consistent with the General Plan Land Use Designation of Low Density Residential. This zoning district primarily includes deeper lots that allows for 2 or more detached dwelling units on each lot under limited conditions. Also includes smaller lots that allow for 1 dwelling unit on each lot.; Provide a variety of single-family residential dwellings built to suburban standards characterized by single- and two-story structures separated by ample green space to suit a spectrum of individual lifestyles and needs.; Maintain the existing character of the city's low-density, single-family residential neighborhoods, while providing new opportunities for unit additions and infill housing.; Ensure that the scale and design of new development, alterations and additions to existing dwellings are compatible with the scale, mass and character of their neighborhoods, and protect adjacent properties from unreasonable obstruction of light and air.; Provide for appropriate densities within the ranges established in the general plan.; Provide opportunities for other neighborhood uses such as schools, parks, religious assembly, community centers and daycare centers that serve and are compatible with the surrounding residential neighborhood.
Local insights from Redfin agents
The real estate market is becoming more balanced. Buyers have more inventory, more data, and more time to make informed decisions than they did a year ago. Well-priced homes are still moving quickly, but today’s market rewards preparation, strategy,...