2403 Lee Ave - Apartments FOR SALE


South El Monte, CA 91733
$1,100,000 USD
626-427-0786
2403 Lee Ave, South El Monte, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

2403 Lee Ave
South El Monte, CA 91733


HIGHLIGHTS

  • Priced to Sell! - Value-Add Opportunity!
  • 2 Single-Story Cottages & 2-Story Tri-Plex
  • Huge Upside in Rental Income!
  • Tenants Enjoy Onsite Parking
  • Separately Metered for Electricity & Gas

OVERVIEW

PRICED TO SELL! Kristopher German of The Apartment Dealer is pleased to exclusively offer for sale this 5-unit multi-family property located in the city of South El Monte, a prime rental community in the San Gabriel Valley. The subject property offers an exceptional "value-add" opportunity with an unbeatable price per unit and price per square foot. Spanning 4,390 rentable square feet on a 10,336 square foot lot, the property features two single-story Cottages and a two-story Triplex with a versatile unit mix. This includes one 3-Bedroom/2-Bath cottage (originally permitted as a commercial space and later converted to residential use), one 2-Bedroom/1-Bath cottage, three 2-Bedroom/1-Bath units (Triplex), and a non-conforming 2-Bedroom/1-bath unit currently utilizing the onsite garage space. Each unit is separately metered for electricity and gas, providing operational efficiency and reducing owner expenses. With significant upside in rental income, this property is well-suited for investors looking to reposition the asset and capitalize on market rents. The property is priced to sell and must be purchased in “as-is” condition. Buyers are advised to independently verify the legal square footage and bedroom/bathroom count. With strong fundamentals, substantial upside opportunity, and high potential cash returns, this offering is a rare find in a high-demand rental submarket.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

5

PRICE/UNIT

$220,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Priced to Sell! Value Add Opportunity SGV!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,336 SF

ZONING

SEM*

APN/PARCEL ID

5281-013-003

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.