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$ 1,500,000
Est. payment | /mo
5 Beds
4 Baths
$ 1,500,000
Est. payment | /mo
5 Beds
4 Baths
OPEN HOUSE
Sat Aug 09, 2:00pm - 4:00pm
Sun Aug 10, 2:00pm - 4:00pm
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS25177673
Bedrooms 5
Property Sub-Type Res Income 2-4 Units
Property Description
This spacious 22,532 square foot lot offers an attractive investment opportunity with seven potential rental units in the city of El Monte. The property currently includes five vacant units, plus pre-site plans for two additional ADUs. This property will provide an incredible rental income stream. Five Vacant Units Front Building (2840 & 2840 ): 1,253 sq ft, featuring a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit. Middle Unit: 600 sq ft with a 1-bedroom, 1-bath layout. Left Unit: 540 sq ft with a 1-bedroom, 1-bath layout. Rear Unit: 418 sq ft with a 1-bedroom, 1-bath layout. Development Potential: Plans for two ADUs (1,000 sq ft each) and a third 800 sq ft building, for a total of 7 rental units on the property. Whether you're an investor looking for an exciting development project or a buyer seeking immediate rental income, this property offers both options. The units are ready for renovation. Dont miss out on this great opportunity to invest in the potential of this large lot with room to grow.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Valley Blvd & Allgeyer Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 8106006003
Listed by CORA CHU IRN REALTY
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Patrick Cohen
REALTOR® | Lic# 1936110