3840 Baldwin Ave, El Monte, CA 91731
- $2,988,000
- List Price
- $2,988,000
- Status
- ACTIVE
- MLS#
- WS26128184
- Year Built
- 1951
- Lot Size
- 26,248
- Acres
- 0.60
- Lot Location
- 11-15 Units/Acre, Back Yard, Front Yard
- Days on Market
- 56
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
Property Description
Excellent investment opportunity in the City of El Monte. This income-producing property features 7 rental units across 6 buildings situated on a spacious 26,248 SF lot, offering a rare combination of current cash flow and long-term upside potential. Ownership has recently completed full renovations on four units, including new kitchens, updated bathrooms, new flooring, fresh interior paint, and modern finishes, significantly enhancing tenant appeal and rental value. The property provides stable rental income with additional upside through future rent growth. Conveniently located near shopping centers, restaurants, schools, public transportation, and major freeways, this property benefits from strong rental demand and excellent accessibility. The expansive 26,248 SF lot adds significant long-term value and may offer opportunities for future expansion, redevelopment, or additional improvements, subject to buyer verification and approval from the City of El Monte. A rare opportunity for investors seeking immediate income, value-add potential, and long-term appreciation in one of the San Gabriel Valley’s most desirable rental markets. Property is being sold in its present AS-IS condition. Buyer to independently verify all property information, including unit count, square footage, zoning, permits, and future development potential.
Additional Information
- Appliances
- Gas Range
- Pool Description
- None
- Fireplace Description
- Gas
- Heat
- Natural Gas, Wall Furnace
- View
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 7
- Gross Scheduled Income
- $162,960
- Operating Expense
- 42500
Listing courtesy of Listing Agent: GUIFENG PENG (danepeng1230@gmail.com) from Listing Office: RE/MAX PREMIER/ARCADIA.
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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.