11
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$2,100,000
Est. payment /mo
0.62 Acres Lot
New
2424 Continental AVE South El Monte, CA 91733
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Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25137886
HOA Y/N No
Year Built 1949
Lot Size 0.620 Acres
Property Sub-Type Mixed Use
Property Description
Unlock the potential of this court-style 7-unit multi-family complex, ideally situated in a rapidly growing South El Monte neighborhood. Sited on an expansive 26,994 sq. ft. R-3-zoned parcel, this investment offers both stable cash flow and value-add upside. The property comprises Six- 2 bed, 1 bath units, each with its own front yard and dedicated 1-car garage, plus a standalone 3 bed, 1 bath house—also with its own garage. All units are individually metered for gas and electricity and fully occupied by month-to-month tenants, providing flexibility for repositioning or redevelopment. The location provides exceptional access to the 10, 605, and 60 freeways, catering to diverse tenant needs and ensuring continued rental demand. Zoned R-3—buyers are advised to verify the potential to redevelop up to 20 units (buyer to verify).
Don't miss this opportunity to secure a prime, income-generating asset with significant upside! Analysis and expenses are proforma.
Don't miss this opportunity to secure a prime, income-generating asset with significant upside! Analysis and expenses are proforma.
Location
State CA
County Los Angeles
Area 657 - So. El Monte
Zoning SER3*
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Street Lights
Total Parking Spaces 14
Private Pool No
Building
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 8104020021
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Trust
Virtual Tour https://www.tourfactory.com/3212496
Listed by David Salzman • Engel & Volkers LA South Bay • 310-871-5314