2403 Lee Ave South El Monte, CA 91733
Estimated payment $6,066/month
Total Views
448
11
Beds
6
Baths
4,390
Sq Ft
$251
Price per Sq Ft
Highlights
- Hot Property
- Cooling System Mounted To A Wall/Window
- 1 Car Garage
- No HOA
- Accessible Parking
- Brick Fence
About This Home
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.
Last Listed By
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 06/09/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,741
Year Built
- Built in 1962
Lot Details
- 10,336 Sq Ft Lot
- Two or More Common Walls
- Brick Fence
- Chain Link Fence
- Density is up to 1 Unit/Acre
Parking
- 1 Car Garage
- 2 Open Parking Spaces
- 3 Carport Spaces
- Parking Available
- Driveway
Home Design
- Apartment
- Shingle Roof
Interior Spaces
- 4,390 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Bathrooms
Additional Features
- Accessible Parking
- Exterior Lighting
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Legal Lot and Block 17 / 013
- Tax Tract Number 10231
- Assessor Parcel Number 5281013003
- $1,592 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 5 Units
Building Details
- 6 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,440
- Insurance Expense $4,500
- Trash Expense $3,600
- Water Sewer Expense $2,760
- New Taxes Expense $13,022
- Operating Expense $30,072
- Gross Income $4,915
- Net Operating Income $27,138
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,741 | $89,481 | $36,730 | $52,751 |
| 2023 | $2,629 | $87,727 | $36,010 | $51,717 |
| 2022 | $2,647 | $86,007 | $35,304 | $50,703 |
| 2021 | $2,573 | $84,321 | $34,612 | $49,709 |
| 2020 | $2,563 | $83,458 | $34,258 | $49,200 |
| 2019 | $2,579 | $81,823 | $33,587 | $48,236 |
| 2018 | $2,353 | $80,220 | $32,929 | $47,291 |
| 2016 | $2,212 | $77,106 | $31,651 | $45,455 |
| 2015 | $2,184 | $75,949 | $31,176 | $44,773 |
| 2014 | $2,140 | $74,462 | $30,566 | $43,896 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/09/2025 06/09/25 | For Sale | $1,100,000 | -- | $251 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | -- |
Source: Public Records
Similar Home in South El Monte, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25128591
APN: 5281-013-003
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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