7
See all 7 photos
$1,150,000
$1,100,000 4.5%
Est. payment /mo
9 Beds
5 Baths
Sold on 07/11/2025
2403 Lee Avenue South El Monte, CA 91733
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Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV25128591
Bedrooms 9
Property Sub-Type Res Income 2-4 Units
Property Description
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.
Location
State CA
County Los Angeles
Zoning Assessor
Interior
Cooling Wall/Window
Exterior
View Y/N No
Building
Story 1
Listed by Kristopher German RE/MAX 2000 REALTY
Bought with JAMES DUONG LANDMARK LENDING REALTY
Bought with JAMES DUONG LANDMARK LENDING REALTY