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Key Details
Sold Price $990,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW25087479
Sold Date 09/05/25
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
Type of Financing Cash,Conventional,Exchange
Property Type Res Income 2-4 Units
Property Description
INVESTMENT GEM IN PRIME EL MONTE. Unlock exceptional potential with this diamond in the rougha rare opportunity to acquire a 4-unit income property situated on a corner lot in the heart of El Monte. This multifamily complex has long-term tenants, many of whom have called it home for decadesoffering stable cash flow and massive upside for value-driven investors. Each unit features spacious 2-bedroom layouts with open-concept floor plans, Individual utility meters, Shared on-site laundry facility (a value-add income stream), an enclosed front yard, a central courtyard, 4 dedicated rear parking spaces, and ample street parking. With NO local rent control in El Monte and favorable AB1482 guidelines (annual increases of up to 10% or 5% + CPI), investors have the flexibility to strategically raise rents, enhance unit interiors, or add modern amenities to significantly increase returns. Plus, take advantage of generous tax strategies, including cost segregation, to optimize long-term profitability. Located near Durfee Ave and Rush St, this property is steps from shopping and dining such as CVS, Marshalls, Panda Express, Starbucks, and Superior Grocersplus just minutes from El Monte Community Hospital. Surrounded by Temple City, Arcadia, San Gabriel, and Rosemead, and only 15 miles from Downtown LA and 29 miles to Ontario Airport, with seamless access to I-10, I-60, I-605, and the El Monte Metrolink Stationmaking this a commuters dream and a smart addition to any real estate portfolio. Whether youre a seasoned investor or just entering the multifamily space, this is the kind of ass
Location
State CA
County Los Angeles
Zoning Assessor
Direction Haber St/ Bonwood Rd
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 8105019036
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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