$1,300,000
$200K PRICE DROP

Estimated payment $7,185/month

Total Views 3,030
6 Beds
4 Baths
3,374 Sq Ft
$385 Price per Sq Ft

Highlights

  • Active Adult
  • No HOA
  • Back and Front Yard

About This Home

Two of three units delivered vacant and recently remodeled on adjacent R3 parcels in El Monte, priced at $1,300,000. Front 2BD/2BA house leased at $3,300 monthly. Rear duplex (two 2BD/1BA units) projected at $2,400 each. Projected GSI $97,200. Vacant delivery on the rear duplex lets the buyer set market rent at closing with no AB 1482 reset risk, no relocation exposure, no displacement cost. A rare open unit play in a submarket where tenant protection rules usually block immediate resets. Combined ±9,139 SF R3 (EMR3YY) lot supports multifamily redevelopment. Cash flow today, land bank tomorrow.
Tenants pay electric and gas. Owner covers water, sewer, trash, landscaping, insurance, taxes. Minutes to I-10, I-605, and SR-60. Walking distance to Metro El Monte Station, one of the largest transit hubs west of the Mississippi. Downtown LA sits 13 miles west, Pasadena 10 miles north, Industry and West Covina employment centers inside 15 minutes. San Gabriel Valley fundamentals stay strong: vacancy below LA County average, limited new supply, ongoing public investment via the El Monte Gateway master plan. Assessor reflects two SFRs on two parcels. Property currently operates as three units. Buyer to verify square footage, unit count, permits, and financials.

Listing Agent

Jake Ison

Rise Realty Brokerage Phone: 949-630-6548 License #02243439 Listed on: 04/19/2026

Rise Realty

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1933

Lot Details

9,139 Sq Ft Lot

Listing Details

  • CapRate: 5.15
  • Property Attached: Yes
  • Water Sewer Expenses: 960.00
  • Zoning: EMR3YY
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 8565018004
  • Year Built: 1933
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 385.30

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Phone Connected, Electricity Connected, Water Connected
  • Laundry: No
  • Sewer: Unknown
  • Trash Expense: 2640.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes
  • Community Features: Curbs

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 8565-018-040
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, 2-5 Units/Acre, Front Yard, Back Yard
  • Lot Size Sq Ft: 9139.00
  • Lot Size Acres: 0.2098

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Gross Income: 109200.00
  • Gross Multiplier: 13.74
  • Gross Operating Income: 105924.00
  • Gross Scheduled Income: 109200.00
  • Insurance Expense: 3771.00
  • Lot Size Area: 9139.0000 Square Feet
  • Net Operating Income: 77253.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Operating Expense: 28671.00
  • Operating Expense Percent: 27.00
  • Rent Control: No
  • Total Actual Rent: 3300.00
  • Total Expenses: 28671.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18000.00
  • Tax Area: 1-795
  • Tax Block: B
  • Tax Census Tract: 4333.02
  • Tax Lot: 2
  • Tax Tract Number: 10816
  • Tax Year: 2025
  • TaxOtherAnnualAssessmentAmount: 561.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $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
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
07/02/2026 07/02/26 Price Changed $1,300,000 -7.1% $385 / 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)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC26084351

California Regional Multiple Listing Service (CRMLS)

APN: 8565-018-040

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