Attention investors! Don't miss this extraordinary investment opportunity in the bustling city of El Monte. This 7-unit income property sits on a spacious 19,000 sqft lot and offers 5,966 sqft of well-maintained living space. Several units have been recently updated, increasing the property's appeal and reducing future upkeep. Each unit is equipped with washer and dryer hook-ups, adding an extra layer of convenience for tenants. Ample parking is a huge plus, thanks to a long driveway that accommodates up to 13 vehicles and a separate 2-car garage, ideal for additional storage. Located near major transportation routes, the property promises steady tenant demand and numerous options for future development, making it a high-yield asset with significant upside potential.
Sold for $1,800,000 on 11/22/23
Listing Provided by:
Ray Miramontes DRE #01931740 562-521-9022,
Circle Real Estate,
Co-Listing Agent: Elyssa Apodaca DRE #01945344 562-665-9283,
Circle Real Estate
Bought with: RE/MAX CHAMPIONS
$1,800,000
2941 Maxson Rd, El Monte, CA 91732
14beds
8baths
5,966sqft
Multi Family
Built in 1934
-- sqft lot
$-- Zestimate®
$302/sqft
$2,658 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,658/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 23, 2023 at 08:09am
Listing Provided by:
Ray Miramontes DRE #01931740 562-521-9022,
Circle Real Estate,
Co-Listing Agent: Elyssa Apodaca DRE #01945344 562-665-9283,
Circle Real Estate
Bought with:
Poe Ngo, DRE #01165387
RE/MAX CHAMPIONS
Source: CRMLS,MLS#: PW23192656
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 8
Appliances
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 5,966
- Total interior livable area: 5,966 sqft
Property
Parking
- Total spaces: 2
- Parking features: Asphalt, Carport, Door-Multi, Detached Carport, Driveway, Garage
- Garage spaces: 2
- Has carport: Yes
Features
- Entry location: Front
- Pool features: None
Lot
- Size: 0.44 Acres
- Features: Back Yard, Front Yard
Details
- Parcel number: 8106008010
- Zoning: EMR3YY
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1934
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Storm Drain(s)
Location
- Region: El Monte
HOA & financial
Other financial information
- Total actual rent: 9270
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional,FHA,USDA Loan,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 11/22/2023 | Sold | $1,800,000-5.3%$302/sqft |
Source:  CRMLS #PW23192656 | ||
| 11/1/2023 | Contingent | $1,899,900$318/sqft |
Source: CRMLS #PW23192656 | ||
| 10/17/2023 | Listed for sale | $1,899,900$318/sqft |
Source: CRMLS #PW23192656 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $27,771 +6.9% | $1,836,000 +2% |
| 2024 | $25,979 +385.4% | $1,800,000 +723.1% |
| 2023 | $5,352 +2.7% | $218,676 +2% |
Find assessor info on the county website
Neighborhood: Mountain View
Nearby schools
GreatSchools rating
- 3/10Willard F. Payne Elementary SchoolGrades: K-6Distance: 0.4 mi
- 5/10Mountain View High SchoolGrades: 9-12Distance: 0.5 mi
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