JUST REDUCED! We are pleased to present a 4-Unit multi-family investment opportunity in the prime area of North El Monte. This fourplex features (1) 2-Bed/1-Bath unit, and (3) 1-Bed/1-Bath units. Tenants have access to on-site carport parking and yard space. Each unit is separately metered for gas and electricity. This property offers a substantial 45% potential upside in rental income, making it an attractive prospect for maximizing return on investment. Moreover, the property enjoys the advantage of no local city rent control, giving you the flexibility to reposition tenants with a "substantial remodel" approach in an effort to obtain competitive rental rates, and optimize your investment strategy. One unit to be delivered vacant at the close of escrow.
Sold for $915,000 on 07/03/24
Listing Provided by:
Kristopher German DRE #01800021 909-645-0443,
RE/MAX 2000 REALTY
Bought with: MARY JANE BROSOWSKE, BROKER
$915,000
3438 Gilman Rd, El Monte, CA 91732
5beds
4baths
2,446sqft
Multi Family
Built in 1962
-- sqft lot
$896,000 Zestimate®
$374/sqft
$2,765 Estimated rent
Home value
$896,000
$806,000 - $995,000
$2,765/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 03, 2024 at 03:38pm
Listing Provided by:
Kristopher German DRE #01800021 909-645-0443,
RE/MAX 2000 REALTY
Bought with:
Kelly Ngo, DRE #02037711
MARY JANE BROSOWSKE, BROKER
Source: CRMLS,MLS#: CV24015480
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Appliances
- Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,446
- Total interior livable area: 2,446 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport
- Carport spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 5,300 sqft
- Features: 2-5 Units/Acre
Details
- Parcel number: 8549041002
- Zoning: EMR3YY
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Gutter(s), Sidewalks
Location
- Region: El Monte
Other
Other facts
- Listing terms: Cash,Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 7/3/2024 | Sold | $915,000-3.7%$374/sqft |
Source:  CRMLS #CV24015480 | ||
| 5/3/2024 | Pending sale | $950,000$388/sqft |
Source: CRMLS #CV24015480 | ||
| 3/20/2024 | Price change | $950,000-2.6%$388/sqft |
Source: CRMLS #CV24015480 | ||
| 3/6/2024 | Pending sale | $975,000$399/sqft |
Source: CRMLS #CV24015480 | ||
| 1/25/2024 | Listed for sale | $975,000$399/sqft |
Source: CRMLS #CV24015480 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,581 +147.2% | $915,000 +167.2% |
| 2024 | $5,494 +1.6% | $342,441 +2% |
| 2023 | $5,407 +3.7% | $335,727 +2% |
Find assessor info on the county website
Neighborhood: River East
Nearby schools
GreatSchools rating
- 2/10Twin Lakes Elementary SchoolGrades: 1-8Distance: 0.5 mi
- 5/10Mountain View High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$896,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$896,000