3128 Mountain View Road, El Monte, CA 91732
- $1,300,000
- List Price
- $1,300,000
- Price Change
- ▼ $100,000 1783029005
- Status
- ACTIVE
- MLS#
- OC26084351
- Year Built
- 1933
- Lot Size
- 9,139
- Acres
- 0.21
- Lot Location
- 0-1 Unit/Acre, 2-5 Units/Acre, Back Yard, Front Yard
- Days on Market
- 99
- 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
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $109,200
- Operating Expense
- 28671
Listing courtesy of Listing Agent: Jake Ison (jaker3091@gmail.com) from Listing Office: Rise Realty.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.