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Sold for $1,150,000 on 07/11/25
  • Listing Provided by: 

    Kristopher German DRE #01800021 909-645-0443,

    RE/MAX 2000 REALTY

    $1,150,000

    2403 Lee Ave, South El Monte, CA 91733

    11beds
    6baths
    4,390sqft
    Multi Family
    Built in 1962
    -- sqft lot
    $1,146,200 Zestimate®
    $262/sqft
    $3,389 Estimated rent

    What's special

    PRICED TO SELL! We are pleased to exclusively offer for sale this 5-unit multi-family property located in the city of South El Monte, a prime rental community in the San Gabriel Valley. The subject property offers an exceptional "value-add" opportunity with an unbeatable price per unit and price per square foot. Spanning 4,390 rentable square feet on a 10,336 square foot lot, the property features two single-story Cottages and a two-story Triplex with a versatile unit mix. This includes one 3-Bedroom/2-Bath cottage (originally permitted as a commercial space and later converted to residential use), one 2-Bedroom/1-Bath cottage, three 2-Bedroom/1-Bath units (Triplex), and a non-conforming 2-Bedroom/1-bath unit currently utilizing the onsite garage space. Each unit is separately metered for electricity and gas, providing operational efficiency and reducing owner expenses. With significant upside in rental income, this property is well-suited for investors looking to reposition the asset and capitalize on market rents. The property is priced to sell and must be purchased in “as-is” condition. Buyers are advised to independently verify the legal square footage and bedroom/bathroom count. With strong fundamentals, substantial upside opportunity, and high potential cash returns, this offering is a rare find in a high-demand rental submarket.

    Zillow last checked: 7 hours ago

    Listing updated: July 11, 2025 at 03:43pm

    Listing Provided by:

    Kristopher German DRE #01800021 909-645-0443,

    RE/MAX 2000 REALTY

    Bought with:

    JAMES DUONG, DRE #01079764

    LANDMARK LENDING REALTY

    Source: CRMLS,MLS#: CV25128591MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 6
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: None
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 4,390
    • Total interior livable area: 4,390 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Carport, Driveway, Garage
    • Garage spaces: 1
    • Carport spaces: 3
    • Covered spaces: 4
    • Uncovered spaces: 2
    Accessibility
    • Accessibility features: Parking
    Features
    • Levels: One,Two
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    • Fencing: Brick,Chain Link
    • Has view: Yes
    • View description: None
    Lot
    • Size: 10,336 sqft
    • Dimensions: 003
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 5281013003
    • Zoning: SEM*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1962

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available

    Community & neighborhood

    Community
    • Community features: Street Lights, Sidewalks
    Location
    • Region: South El Monte

    HOA & financial

    Other financial information
    • Total actual rent: 4915

    Other

    Other facts
    • Listing terms: Cash to New Loan
    • Road surface type: Paved
    Services availability
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    Estimated market value

    $1,146,200