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$1,300,000
Est. payment /mo
6 Beds
4 Baths
9,139 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26084351
Bedrooms 6
Lot Size 9,139 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Two of three units delivered vacant and recently remodeled on adjacent R3 parcels in El Monte, priced at $1,300,000. Front 2BD/2BA house leased at $3,300 monthly. Rear duplex (two 2BD/1BA units) projected at $2,400 each. Projected GSI $97,200. Vacant delivery on the rear duplex lets the buyer set market rent at closing with no AB 1482 reset risk, no relocation exposure, no displacement cost. A rare open unit play in a submarket where tenant protection rules usually block immediate resets. Combined 9,139 SF R3 (EMR3YY) lot supports multifamily redevelopment. Cash flow today, land bank tomorrow. Tenants pay electric and gas. Owner covers water, sewer, trash, landscaping, insurance, taxes. Minutes to I-10, I-605, and SR-60. Walking distance to Metro El Monte Station, one of the largest transit hubs west of the Mississippi. Downtown LA sits 13 miles west, Pasadena 10 miles north, Industry and West Covina employment centers inside 15 minutes. San Gabriel Valley fundamentals stay strong: vacancy below LA County average, limited new supply, ongoing public investment via the El Monte Gateway master plan. Assessor reflects two SFRs on two parcels. Property currently operates as three units. Buyer to verify square footage, unit count, permits, and financials.
Location
State CA
County Los Angeles
Zoning Assessor
Direction South of I-10, west of Peck Rd, between Valley Blvd and Garvey Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Restrictions Other/Remarks
Tax ID 8565018004
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
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Listed by Jake Ison, DRE#02243439 Rise Realty
Nearby School & Business
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