3840 Baldwin Ave El Monte, CA 91731
Northwest El Monte NeighborhoodEstimated payment $18,222/month
Highlights
- 0.6 Acre Lot
- Heating System Uses Natural Gas
- Gas Fireplace
- Rosemead High School Rated A
- Back and Front Yard
- 2-minute walk to Baldwin Ave Mini Park
About This Home
Excellent investment opportunity in the City of El Monte. This income-producing property features 7 rental units across 6 buildings situated on a spacious 26,248 SF lot, offering a rare combination of current cash flow and long-term upside potential.
Ownership has recently completed full renovations on four units, including new kitchens, updated bathrooms, new flooring, fresh interior paint, and modern finishes, significantly enhancing tenant appeal and rental value. The property provides stable rental income with additional upside through future rent growth.
Conveniently located near shopping centers, restaurants, schools, public transportation, and major freeways, this property benefits from strong rental demand and excellent accessibility.
The expansive 26,248 SF lot adds significant long-term value and may offer opportunities for future expansion, redevelopment, or additional improvements, subject to buyer verification and approval from the City of El Monte.
A rare opportunity for investors seeking immediate income, value-add potential, and long-term appreciation in one of the San Gabriel Valley’s most desirable rental markets. Property is being sold in its present AS-IS condition. Buyer to independently verify all property information, including unit count, square footage, zoning, permits, and future development potential.
Listing Agent
RE/MAX PREMIER/ARCADIA Brokerage Phone: 618-808-6666 License #02160587 Listed on: 06/18/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1951
Lot Details
- 26,248 Sq Ft Lot
- No Common Walls
- Back and Front Yard
- Density is 11-15 Units/Acre
Home Design
- Entry on the 1st floor
Interior Spaces
- 4,236 Sq Ft Home
- 1-Story Property
- Gas Fireplace
- Gas Range
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Laundry
- Laundry in unit
- Washer Hookup
Utilities
- Heating System Uses Natural Gas
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 64
- Tax Tract Number 7177
- Assessor Parcel Number 8578008027
- $2,722 per year additional tax assessments
Community Details
Overview
- 6 Buildings
- 7 Units
Building Details
- 6 Separate Electric Meters
- 7 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $200
- Insurance Expense $6,200
- Trash Expense $6,500
- Water Sewer Expense $3,600
- New Taxes Expense $26,000
- Operating Expense $42,500
- Gross Income $135,360
- Net Operating Income $120,460
Map
Home Values in the Area
Average Home Value in this Area
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 | $26,125 | $1,768,679 | $1,057,046 | $711,633 |
| 2024 | $24,845 | $1,734,000 | $1,036,320 | $697,680 |
| 2023 | $22,017 | $1,517,162 | $907,081 | $610,081 |
| 2022 | $21,074 | $1,487,415 | $889,296 | $598,119 |
| 2021 | $21,364 | $1,458,251 | $871,859 | $586,392 |
| 2020 | $21,291 | $1,443,300 | $862,920 | $580,380 |
| 2019 | $21,631 | $1,415,000 | $846,000 | $569,000 |
| 2018 | $6,322 | $320,369 | $96,217 | $224,152 |
| 2016 | $6,013 | $307,931 | $92,482 | $215,449 |
| 2015 | $5,949 | $303,306 | $91,093 | $212,213 |
| 2014 | $5,801 | $297,366 | $89,309 | $208,057 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 06/18/2026 06/18/26 | For Sale | $2,988,000 | +75.8% | $705 / Sq Ft | |
| 05/18/2023 05/18/23 | Sold | $1,700,000 | +41.7% | $401 / Sq Ft | View Prior Sale |
| 02/08/2023 02/08/23 | Pending | -- | -- | -- | |
| 01/20/2023 01/20/23 | For Sale | $1,200,000 | -15.2% | $283 / Sq Ft | |
| 12/21/2018 12/21/18 | Sold | $1,415,000 | -5.7% | $334 / Sq Ft | View Prior Sale |
| 12/12/2018 12/12/18 | Pending | -- | -- | -- | |
| 07/23/2018 07/23/18 | For Sale | $1,500,000 | -- | $354 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS26128184
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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