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About the Listing OC07745 - OCISONJAC
Three-unit multifamily investment on two adjacent parcels in the heart of El Monte, offered at $1,499,999 ($500,000/unit, 5.15% cap, 13.74 GRM). The offering consists of a detached front house and a rear duplex, sitting together on a combined ±9,139 SF R3 (EMR3YY) lot that permits multifamily redevelopment — providing a long-term land bank and entitlement story for investors and developers. Two of three units are delivered fully vacant and recently remodeled, allowing the new owner to set rents to market on day one — a rare opportunity in an LA County submarket where rent control and tenant protection statutes typically prevent immediate rent resets. The front house (3128) is a 2BD/2BA single-family residence leased at $3,300/month, providing immediate cash flow while the rear duplex is leased up. The rear duplex (3130) consists of two 2BD/1BA units underwritten at $2,900/month market rent each. Projected gross income: $109,200 annually. Tenants pay electricity and gas. Owner pays water, sewer, trash, landscaping, insurance, and taxes. No rent-control reset risk on the vacant rear units, no relocation costs, no displacement exposure. Location: immediate access to the I-10, I-605, and SR-60 freeways and the Metro El Monte Station — one of the largest transit hubs west of the Mississippi. Directly adjacent to a retail corridor anchored by national tenants, driving tenant convenience and neighborhood activity. Downtown LA is approximately 13 miles west; Pasadena is 10 miles north; Industry, Irwindale, and West Covina employment centers are within a 15-minute drive. San Gabriel Valley multifamily fundamentals remain strong: 65,000+ market-rate units, vacancy well below LA County average, limited new supply, and ongoing public investment including the El Monte Gateway master plan. Assessor records reflect original 1933/1938 construction as two SFRs on two parcels; property currently operates as three units. Buyer to verify all square footage, unit count, permits, and financials.
Listing Highlights
Status
Active
Days on Site
31
Property Type
Multi-Family
MLS ®
OC26084351
Year Built
1933
Total Square Footage
3,374
Lot/Acreage
0.21
County
Los Angeles
Area
619 - El Monte
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: 0-1 Unit/Acre,2-5 Units/Acre,Back Yard,Front Yard,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 10
- Zoning: EMR3YY
- Roof:
- Others: 2+ Total Units
- Sewer: Unknown
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 8565018004
- Tax Year: 2025
Payment Calculator
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Questions About..
3128 Mountain View Rd El Monte, CA 91732
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