3128 Mountain View Rd - Apartments FOR SALE


El Monte, CA 91732- Mountain View
$1,500,000 USD
949-630-6548
3128 Mountain View Rd, El Monte, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/11

3128 Mountain View Rd
El Monte, CA 91732
Mountain View


HIGHLIGHTS

  • Two fully renovated units delivered vacant, allowing immediate lease-up at market rents.
  • Existing long-term tenant in the front house generating $3,300 monthly rent for immediate cash flow.
  • R3 multifamily zoning offers future redevelopment potential on a ±9,139 SF combined lot.
  • Centrally located in El Monte with excellent access to I-10, I-605, SR-60, and Metro El Monte Station.
  • Close proximity to a thriving retail corridor with national tenants and strong neighborhood amenities.
  • Tenants responsible for electricity and gas, reducing owner’s operating expenses.

OVERVIEW

An exceptional investment opportunity is available with this three-unit multifamily property located in the vibrant San Gabriel Valley submarket of Los Angeles County. Spanning two adjacent parcels on a combined ±9,139 SF lot, the asset consists of a detached 2-bedroom/2-bath single-family home and a rear duplex with two 2-bedroom/1-bath units. Two of the units have been fully remodeled and will be delivered vacant at the close of escrow, while the front home offers immediate income with an in-place tenant paying $3,300 per month. At full market rents, the property is projected to generate a gross income of approximately $109,200 annually, reflecting a stabilized cap rate of 5.15%. The R3 zoning permits future multifamily redevelopment, creating a strong value proposition for both cash-flow investors and those seeking long-term appreciation. Positioned near the I-10, I-605, and SR-60 freeways, and within minutes of the Metro El Monte Station, this property offers exceptional connectivity to major employment centers and Downtown Los Angeles, while being adjacent to a dense retail corridor anchored by national brands. This is a turnkey investment with redevelopment upside in a rental market characterized by strong demand and limited new supply.

FOR SALE DETAILS

PRICE

$1,500,000 USD

# OF UNITS

3

PRICE/UNIT

$500,000

CAP RATE

5.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1933

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,171 SF

ZONING

R-3

APN/PARCEL ID

8565-018-004,8565-018-040

ASK ABOUT THIS PROPERTY

Jake IsonRise RealtyMore Info
949-630-6548

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Jake IsonRise RealtyMore Info
949-630-6548

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