3128 Mountain View Road, El Monte, CA 91732
- $1,300,000
List Agent Jake Ison () Rise Realty; CoList ()
- List Price
- $1,300,000
- Price Change
- ▼ $100,000 1783029005
- Status
- ACTIVE
- MLS#
- OC26084351
- Year Built
- 1933
- Lot Size
- 9,139
- Lot Location
- 0-1 Unit/Acre, 2-5 Units/Acre, Back Yard, Front Yard
- Days on Market
- 102
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- Two Levels
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.
Additional Information
- Pool Description
- None
- Sewer
- Unknown
Mortgage Calculator
Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.