2843 Meeker, El Monte, CA 91732
- $1,668,000
- List Price
- $1,668,000
- Price Change
- ▼ $10,000 1776428234
- Status
- ACTIVE
- MLS#
- AR26011009
- Year Built
- 1934
- Lot Size
- 12,313
- Acres
- 0.28
- Lot Location
- Corner Lot
- Days on Market
- 186
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- One Level
Property Description
Excellent investment opportunity with good CAP rate. This income-producing corner lot offers a rare combination of residential and commercial uses with strong, stable cash flow. The property features a commercial duplex with prime Garvey Avenue frontage located at 11534 Garvey Ave. One unit is occupied by a long-established hair salon that has successfully operated at this location for many years another commercial occupy as religious room. Located behind the commercial building is a tenant-occupied single-family residence at 2843 Meeker Ave. Separate utility meters for the residential and the commercial units. In addition, a large rear lot is currently leased to a nearby auto shop for parking, providing supplemental rental income. Both the commercial duplex, the residential unit, and leased lot contribute to consistent monthly revenue. All tenants are on month-to-month leases, offering flexibility for future repositioning, redevelopment, or rent adjustments. This well-sized corner lot presents strong upside potential and multiple value-add opportunities, making it ideal for investors seeking both immediate income and long-term growth.
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Exterior Construction
- Stucco
- Roof
- Shingle
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $12,000
- Operating Expense
- 20980
Listing courtesy of Listing Agent: Kai Kyi (kaikyi@yahoo.com) from Listing Office: Wetrust Realty.
Mortgage Calculator
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