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About the Listing 31317 - AR45550
Prime 5-Unit Value-Add Investment in Rapidly Gentrifying West SGV area (No Local Rent Control) | Highly Desirable Layout SFR + Fourplex | Major CAPEX have been completed (Roof, Electrical, Sewer, and Plumbing) | First Time on Market in 21 Years. For the first time in over two decades, 4159 Gilman Rd., a 5-unit value-add investment opportunity in one of El Monte’s most rapidly gentrifying neighborhoods. Situated on a sprawling 12,100+ SF R3 lot, this unique 5-unit property features an ideal layout comprising a large single-family home in the front and a detached fourplex in the rear. This offering provides a 5.20% In-place CAP Rate with a clear upside to take it to 7.21% Proforma CAP Rate. The property was built in 1946 and consists of 2 buildings, a front single family house, and a fourplex. The property boasts a superb unit mix of all two-bedroom units, including a front house with a bonus den, and offers substantial upside potential through ADU development and laundry income. The property has undergone significant and major recent capital expenditures, including a new roof, upgraded electrical panels, a re-sleeved sewer line, a replaced main water line, and most recently a driveway recoat —significantly limiting future deferred maintenance. Most of these upgrades were completed in 2024. Two of the units in the back have been completely upgraded in 2024 with permits. Each unit has their own private backyard or side yard or deck. Located in a quiet, predominantly single-family neighborhood surrounded by new townhouse developments, the property is highly attractive to local renters. With no local rent control (subject only to CA AB 1482) and a strategic location providing consistent demand for rental unit, this asset offers the perfect blend of immediate stability and long-term wealth creation. The property has a total of 10 parking spaces (with extra land to park more). There is no parking soft story retrofit requirement in El Monte. Each unit is separately metered for electricity and gas. There is a laundry room without any machine – new owner can add coin-operated laundry machines to generate additional income. 4159 Gilman Rd benefits from a highly strategic location in one of El Monte’s most rapidly transforming residential neighborhoods. Tenants are drawn to this pocket for its quiet, tree-lined streets, while still enjoying immediate access to major employment hubs, top-tier retail, and excellent transit.
Listing Highlights
Status
Active
Days on Site
10
Property Type
Multi-Family
MLS ®
AR26062944
Year Built
1946
Total Square Footage
0
Lot/Acreage
0.28
County
Los Angeles
Area
619 - El Monte
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances: Gas Range, Refrigerator, Water Heater
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces:
- Floor: Laminate,Vinyl,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Lawn,Near Public Transit,Rectangular Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 10
- Roof: Shingle
- Others: Repairs Cosmetic,Updated/Remodeled,Stucco,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Carport
Financial Details
- Tax Amount: $18,404
- Taxes w/Assessments: N/A
- Tax/Property ID: 8549002002
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
4159 Gilman El Monte, CA 91732
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