4574 La Madera Ave El Monte, CA 91732
Norwood Cherrylee NeighborhoodEstimated payment $6,804/month
Total Views
237
7
Beds
3
Baths
2,856
Sq Ft
$406
Price per Sq Ft
Highlights
- Very Popular Property
- 0.44 Acre Lot
- Living Room
- Arroyo High School Rated A-
- Cooling Available
- Laundry Room
About This Home
Prime Location, 3 Unit rental property in El Monte. For sale there are three units including 3 separate detached garage. On a large 19,015 square foot lot in the heart of a very popular rental market. All three units are currently rented to long-term tenants at below market rates. Take advantage of the opportunity to add value with rent increases and make some renovations. 3 Garages, allowing for the possibility of converting it into livable space, further increasing cash flow without disrupting the current tenants’ parking. Adding an ADU/JADU can add tremendous value. All three units are separate meters and have ample parking space. This property is easy to operate and has huge upside potential. First time on the market in decades! Don't miss the chance to invest in this prime location!
Last Listed By
UPTOWN REALTORS Brokerage Phone: 323-833-1957 License #01785286 Listed on: 05/29/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,775
Year Built
- Built in 1937
Lot Details
- 0.44 Acre Lot
- No Common Walls
- Front Yard
- Density is up to 1 Unit/Acre
Parking
- 5 Car Garage
- Parking Available
- Combination Of Materials Used In The Driveway
Home Design
- Triplex
Interior Spaces
- 2,856 Sq Ft Home
- 1-Story Property
- Living Room
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Utilities
- Cooling Available
- Wall Furnace
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 8 / D
- Tax Tract Number 11268
- Assessor Parcel Number 8547022009
- $1,099 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $4,800
- Trash Expense $1,200
- Water Sewer Expense $3,600
- Operating Expense $9,600
- Gross Income $3,700
- Net Operating Income $2,700
Map
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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 |
|---|---|---|---|---|
| 2024 | $7,775 | $511,154 | $397,571 | $113,583 |
| 2023 | $7,628 | $501,132 | $389,776 | $111,356 |
| 2022 | $7,360 | $491,307 | $382,134 | $109,173 |
| 2021 | $7,439 | $481,675 | $374,642 | $107,033 |
| 2020 | $7,417 | $476,737 | $370,801 | $105,936 |
| 2019 | $7,576 | $467,390 | $363,531 | $103,859 |
| 2018 | $7,319 | $458,226 | $356,403 | $101,823 |
| 2016 | $7,015 | $440,434 | $342,564 | $97,870 |
| 2015 | $6,935 | $433,819 | $337,419 | $96,400 |
| 2014 | $6,689 | $425,322 | $330,810 | $94,512 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | For Sale | $1,160,000 | -- | $406 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $520,000 | Fidelity National Title | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $468,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in El Monte, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MB25120192
APN: 8547-022-009
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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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