2840 Allgeyer Ave El Monte, CA 91732
Mountain View NeighborhoodEstimated payment $9,657/month
Total Views
2,547
6
Beds
5
Baths
2,811
Sq Ft
$534
Price per Sq Ft
Highlights
- 0.52 Acre Lot
- Wall Furnace
- 1-Story Property
- Laundry Room
About This Home
This spacious 22,532 square foot lot offers an attractive investment opportunity with seven potential rental units in the city of El Monte. The property currently includes five vacant units, plus pre-site plans for two additional ADUs. This property will provide an incredible rental income stream.
Five Vacant Units
Front Building (2840 & 2840 1⁄2): 1,253 sq ft, featuring a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit.
Middle Unit: 600 sq ft with a 1-bedroom, 1-bath layout.
Left Unit: 540 sq ft with a 1-bedroom, 1-bath layout.
Rear Unit: 418 sq ft with a 1-bedroom, 1-bath layout.
Development Potential: Plans for two ADUs (1,000 sq ft each) and a third 800 sq ft building, for a total of 7 rental units on the property.
Whether you're an investor looking for an exciting development project or a buyer seeking immediate rental income, this property offers both options. The units are ready for renovation. Don’t miss out on this great opportunity to invest in the potential of this large lot with room to grow.
Listing Agent
IRN REALTY Brokerage Phone: 626-688-8110 License #01962391 Listed on: 08/07/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1944
Lot Details
- 0.52 Acre Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 5 Car Garage
- Parking Available
Home Design
- Apartment
Interior Spaces
- 2,811 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Additional Features
- Exterior Lighting
- Wall Furnace
Listing and Financial Details
- Legal Lot and Block 3 / A
- Tax Tract Number 433
- Assessor Parcel Number 8106006003
- $1,802 per year additional tax assessments
Community Details
Overview
- 4 Buildings
- 5 Units
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $5,500
- Trash Expense $6,000
- Water Sewer Expense $4,600
- Operating Expense $16,100
- Gross Income $112,800
- Net Operating Income $16,100
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | For Sale | $1,500,000 | +6.4% | $534 / Sq Ft |
| 12/09/2024 12/09/24 | Sold | $1,410,000 | +8.5% | $502 / Sq Ft |
| 11/12/2024 11/12/24 | For Sale | $1,299,000 | -- | $462 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in El Monte, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS25177673
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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