Kitty Ho
Wetrust Realty
(626) 784-7203
104 Total Sales
1 in South El Monte
$3,800,000 Price
2424 Continental Ave El Monte, CA 91733
South El Monte Area
15
Beds
7
Baths
6,684
Sq Ft
0.62
Acre Lot
Highlights
- 0.62 Acre Lot
- No HOA
- 1-Story Property
About This Home
As of September 2025Unlock 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.
Last Agent to Sell the Property
Engel & Völkers LA South Bay Brokerage Phone: 310-871-5314 License #00952732 Listed on: 06/20/2025
Last Buyer's Agent
Engel & Völkers LA South Bay Brokerage Phone: 310-871-5314 License #00952732 Listed on: 06/20/2025
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 26,994 Sq Ft Lot
- 1 Common Wall
Parking
- 7 Open Parking Spaces
- 7 Car Garage
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 6,684 Sq Ft Home
- 1-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 15 Bedrooms
- 7 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 11
- Tax Tract Number 565
- Assessor Parcel Number 8104020021
- $2,579 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 6 Buildings
- 7 Units
Amenities
- Laundry Facilities
Building Details
- 7 Leased Units
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $9,000
- Maintenance Expense $9,000
- Professional Management Expense $9,240
- Trash Expense $9,000
- Water Sewer Expense $7,200
- New Taxes Expense $26,250
- Operating Expense $69,690
- Gross Income $184,800
- Net Operating Income $109,566
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 20, 2025
Closed on
Oct 8, 2025
Sold by
Bought by
Seller's Agent
Dave Salzman
Engel & Völkers LA South Bay
Buyer's Agent
Dave Salzman
Engel & Völkers LA South Bay
List Price
$2,100,000
Sold Price
$1,800,000
Premium/Discount to List
-$300,000
-14.29%
Views
17
Purchase Details
Listed on
Jun 20, 2025
Closed on
Aug 21, 2025
Sold by
Bought by
Seller's Agent
Dave Salzman
Engel & Völkers LA South Bay
Buyer's Agent
Dave Salzman
Engel & Völkers LA South Bay
List Price
$2,100,000
Sold Price
$1,800,000
Premium/Discount to List
-$300,000
-14.29%
Views
17
Purchase Details
Closed on
Feb 24, 2016
Sold by
Bought by
Purchase Details
Closed on
Aug 5, 1998
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in El Monte, CA
-
Kitty Ho
-
Raymond Santos
Raymond Santos
Responds QuicklyRaymond Santos, Broker
(626) 657-2826
12 Total Sales
2 in South El Monte
$820,000 Price Range
-
Monica Olmos
Monica Olmos
Century 21 Masters
(626) 986-7539
44 Total Sales
2 in South El Monte
$570,000 Price Range
-
Jeffrey Russell
Jeffrey Russell
Russell Realty Group
(626) 604-2792
113 Total Sales
1 in South El Monte
$1,060,800 Price
-
Robert Ross
Robert Ross
eXp Realty of Southern CA
(562) 553-3732
33 Total Sales
2 in South El Monte
$650,000 Price Range
-
Christine Cheng
Christine Cheng
Keller Williams Realty/Temecula
(628) 244-8657
51 Total Sales
1 in South El Monte
$4,440,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| $1,800,000 | Lawyers Title Company | ||
| -- | None Available | ||
| -- | -- |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/23/2025 09/23/25 | Sold | $1,800,000 | -14.3% | $269 / Sq Ft |
| 07/03/2025 07/03/25 | Pending | -- | -- | -- |
| 06/20/2025 06/20/25 | For Sale | $2,100,000 | -- | $314 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $5,784 | $180,214 | $56,212 | $124,002 |
| 2024 | $4,938 | $176,681 | $55,110 | $121,571 |
| 2023 | $4,637 | $173,218 | $54,030 | $119,188 |
| 2022 | $4,799 | $169,822 | $52,971 | $116,851 |
| 2021 | $4,714 | $166,493 | $51,933 | $114,560 |
| 2020 | $4,635 | $164,787 | $51,401 | $113,386 |
| 2019 | $4,634 | $161,557 | $50,394 | $111,163 |
| 2018 | $4,292 | $158,390 | $49,406 | $108,984 |
| 2016 | $3,471 | $152,242 | $47,489 | $104,753 |
| 2015 | $3,450 | $149,956 | $46,776 | $103,180 |
| 2014 | $3,460 | $147,019 | $45,860 | $101,159 |
Source: Public Records
Agents Affiliated with this Home
-
Dave Salzman
Seller's Agent in 2025
Dave Salzman
Engel & Völkers LA South Bay
(310) 871-5314
65 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25137886
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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