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.
Under contract
Listing Provided by:
David Salzman DRE #00952732 310-871-5314,
Engel & Volkers LA South Bay,
Listing Team: Salzman Team
$2,100,000
2424 Continental Ave, South El Monte, CA 91733
15beds
7baths
6,684sqft
Est.:
Mixed Use
Built in 1949
-- sqft lot
$2,083,200 Zestimate®
$314/sqft
$-- HOA
What's special
Own front yard
- 58 days
- on Zillow |
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