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Listed by David Salzman • Engel & Volkers LA South Bay
$ 2,100,000
Est. payment | /mo
0.62 Acres Lot
$ 2,100,000
Est. payment | /mo
0.62 Acres Lot
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRSB25137886
Year Built 1949
Lot Size 0.620 Acres
Source California Regional MLS
Property Description
Unlock the potential of this court-style 7-unit multi-family complex, ideally situated in a rapidly growing South El Monte neighborhood. Sited on an expansive 26,994 sq. ft. R-3-zoned parcel, this investment offers both stable cash flow and value-add upside. The property comprises Six- 2 bed, 1 bath units, each with its own front yard and dedicated 1-car garage, plus a standalone 3 bed, 1 bath house-also with its own garage. All units are individually metered for gas and electricity and fully occupied by month-to-month tenants, providing flexibility for repositioning or redevelopment. The location provides exceptional access to the 10, 605, and 60 freeways, catering to diverse tenant needs and ensuring continued rental demand. Zoned R-3-buyers are advised to verify the potential to redevelop up to 20 units (buyer to verify). Don't miss this opportunity to secure a prime, income-generating asset with significant upside! Analysis and expenses are proforma.
Location
State CA
County Los Angeles
Area 657 - So. El Monte
Interior
Laundry Other
Exterior
Garage Spaces 14.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 8104020021
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Drew Reid
REALTOR® | Lic# 01332884