4328 Cedar Avenue

    El Monte, CA 91732
    • $1,178,000
    • STATUS: Closed
    • ON SITE: 45 days
    • ID#: AR18261177
    Sold - 12/12/2018
    $1,178,000
    SOLD - 12/12/2018
    • 0
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,884
      SQFT
    • $303
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Cedar Guest Home is a licensed Board and Care facility by the State of California, department of Social Services for mentally disorder adults, ambulatory service only. This is a 15 bed facility. All residents are funded by SSI. Cedar Guest Home has been under the same ownership for 42 years. This four unit building is in move in condition, features the front house which is a 2 story building with a living room, dining room, den, 3 Br, 2 full BA and a remodeled kitchen. A duplex with 2BR & 1 BA each and a back house with 3 BR, 1BA, a living room and a converted double car garage to a studiowith one Bath (permitted). There are 2 Car detached garage and a one car garage used for storage.Seller will deliver units vacant at close of escrow unless buyer would like to keep the business and apply for the State license.Large lot 15,512 SF and near transportation and shopping.

    Sold by Yaotian Luo of Skyway Investment Corp..

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-15T15:29:39.577. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.teamforss.com/homes/88987512

    4328 Cedar Avenue El Monte, CA 91732

    • Price: $1,178,000
    • Status: Closed
    • Updated: 63 min ago
    • ID#: AR18261177
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    3,884
    SQFT
    $303
    $/SQFT
    1962
    Built
    Neighborhood:
    619 - El Monte
    County:
    Los Angeles
    Area:
    619 - El Monte
    Property Description
    Cedar Guest Home is a licensed Board and Care facility by the State of California, department of Social Services for mentally disorder adults, ambulatory service only. This is a 15 bed facility. All residents are funded by SSI. Cedar Guest Home has been under the same ownership for 42 years. This four unit building is in move in condition, features the front house which is a 2 story building with a living room, dining room, den, 3 Br, 2 full BA and a remodeled kitchen. A duplex with 2BR & 1 BA each and a back house with 3 BR, 1BA, a living room and a converted double car garage to a studiowith one Bath (permitted). There are 2 Car detached garage and a one car garage used for storage.Seller will deliver units vacant at close of escrow unless buyer would like to keep the business and apply for the State license.Large lot 15,512 SF and near transportation and shopping.
    Exterior Features

    Architectural Style Traditional Construction Materials PlasterStucco Direction Faces West Exterior Features Rain Gutters Fence YN Yes Fencing BlockCross Fenced Foundation Details RaisedSlab Garage Spaces 2.00 Lot Features Back YardFront YardLandscapedLevel With StreetLot 10000-19999 SqftLot Shape-RectangularLot-Level/FlatNear Public TransitSprinkler SystemSprinklers In FrontSprinklers In RearSprinklers On SideSprinklers Timer Lot Size Dimensions 106X149 Lot Size Source Assessor Lot Size Units Square Feet Other Structures Shed(S)Storage Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View Mountain View YN Yes

    Interior Features

    Appliances 6 Burner StoveDishwasherGarbage DisposalGas RangeMicrowaveRange/Stove HoodWater Heater Unit Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Wall WindowElectric Cooling YN Yes Fireplace Features Living RoomGas Fireplace YN Yes Flooring CarpetWood Heating Wall HeaterNatural Gas Heating YN Yes Interior Features Ceiling FanCeramic CountersCopper Plumbing PartialFurnishedPantry Laundry Features In Garage Levels Two Room Type KitchenLiving RoomOffice Window Features BlindsScreens

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Builder Name Cedar Guest Home Building Area Units Square Feet Cable Tv Expense 1080.00 Cap Rate 7.70 Community Features Sidewalks Country Us Electric Electricity - On Property Electric Expense 1864.00 Elevation Units Feet Fuel Expense 1462.00 Gardener Expense 1800.00 Gross Income 180960.00 Gross Multiplier 6.50 Gross Operating Income 180960.00 Gross Scheduled Income 180960.00 Insurance Expense 5600.00 Land Lease YN No Laundry YN Yes Licenses Expense 600.00 Lot Dimensions Source Assessor Net Operating Income 91694.00 New Construction YN No New Taxes Expense 12958.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 5 Number Wall AC 7 Number With Dishwasher 2 Number With Disposal 2 Number With Range 2 Number With Refrigerator 2 Operating Expense 89266.00 Other Expense 6000.00 Professional Management Expense 40000.00 Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN No Security Expense 900.00 Security Features Carbon Monoxide Detector(S)Gated CommunitySecurity LightsSmoke Detector Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Supplies Expense 14400.00 Total Actual Rent 180960.00 Total Expenses 89266.00 Trash Expense 727.00 Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 1875.00 Water Source Public Year Built Source Assessor Zoning Emr3*

    Listing provided courtesy of Fred Ashkar of Re/Max Premier Prop Arcadia and John Ashkar of Re/Max Premier Prop Arcadia.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-15T15:29:39.577. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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