3128 Mountain View Rd El Monte, CA 91732
Mountain View NeighborhoodEstimated payment $7,781/month
Highlights
- Active Adult
- No HOA
- Back and Front Yard
About This Home
Three-unit multifamily investment on two adjacent parcels in the heart of El Monte, offered at $1,499,999 ($500,000/unit, 5.15% cap, 13.74 GRM). The offering consists of a detached front house and a rear duplex, sitting together on a combined ±9,139 SF R3 (EMR3YY) lot that permits multifamily redevelopment — providing a long-term land bank and entitlement story for investors and developers.
Two of three units are delivered fully vacant and recently remodeled, allowing the new owner to set rents to market on day one — a rare opportunity in an LA County submarket where rent control and tenant protection statutes typically prevent immediate rent resets. The front house (3128) is a 2BD/2BA single-family residence leased at $3,300/month, providing immediate cash flow while the rear duplex is leased up. The rear duplex (3130) consists of two 2BD/1BA units underwritten at $2,900/month market rent each. Projected gross income: $109,200 annually.
Tenants pay electricity and gas. Owner pays water, sewer, trash, landscaping, insurance, and taxes. No rent-control reset risk on the vacant rear units, no relocation costs, no displacement exposure.
Location: immediate access to the I-10, I-605, and SR-60 freeways and the Metro El Monte Station — one of the largest transit hubs west of the Mississippi. Directly adjacent to a retail corridor anchored by national tenants, driving tenant convenience and neighborhood activity. Downtown LA is approximately 13 miles west; Pasadena is 10 miles north; Industry, Irwindale, and West Covina employment centers are within a 15-minute drive.
San Gabriel Valley multifamily fundamentals remain strong: 65,000+ market-rate units, vacancy well below LA County average, limited new supply, and ongoing public investment including the El Monte Gateway master plan. Assessor records reflect original 1933/1938 construction as two SFRs on two parcels; property currently operates as three units. Buyer to verify all square footage, unit count, permits, and financials.
Listing Agent
Rise Realty Brokerage Phone: 949-630-6548 License #02243439 Listed on: 04/19/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1933
Lot Details
- 9,139 Sq Ft Lot
- 1 Common Wall
- Back and Front Yard
- Density is up to 1 Unit/Acre
- 8565-018-040
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 3,374 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
Utilities
- Natural Gas Connected
- Septic Type Unknown
Listing and Financial Details
- Legal Lot and Block 2 / B
- Tax Tract Number 10816
- Assessor Parcel Number 8565018004
- $561 per year additional tax assessments
Community Details
Overview
- Active Adult
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 1 Leased Unit
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $2,400
- Insurance Expense $3,771
- Trash Expense $2,640
- Water Sewer Expense $960
- New Taxes Expense $18,000
- Operating Expense $28,671
- Gross Income $109,200
- Net Operating Income $77,253
Map
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 |
|---|---|---|---|---|
| 2025 | $2,444 | $128,957 | $53,877 | $75,080 |
| 2024 | $2,216 | $126,429 | $52,821 | $73,608 |
| 2023 | $2,505 | $123,951 | $51,786 | $72,165 |
| 2022 | $2,107 | $121,521 | $50,771 | $70,750 |
| 2021 | $2,138 | $119,139 | $49,776 | $69,363 |
| 2019 | $2,080 | $115,606 | $48,300 | $67,306 |
| 2018 | $1,931 | $113,340 | $47,353 | $65,987 |
| 2016 | $1,784 | $108,941 | $45,515 | $63,426 |
| 2015 | $1,764 | $107,306 | $44,832 | $62,474 |
| 2014 | $1,738 | $105,205 | $43,954 | $61,251 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/07/2026 05/07/26 | Price Changed | $1,400,000 | -6.7% | $415 / Sq Ft |
| 04/19/2026 04/19/26 | For Sale | $1,499,999 | -- | $445 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26084351
APN: 8565-018-040
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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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