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Listed by CORA CHU • IRN REALTY
$ 1,500,000
Est. payment /mo
New
2840 Allgeyer Avenue El Monte, CA 91732
2,811 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,811 sqft
Price per Sqft $533
MLS Listing ID CRWS25177673
HOA Y/N No
Year Built 1944
Lot Size 0.519 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
This spacious 22,532 square foot lot offers an attractive investment opportunity with seven potential rental units in the city of El Monte. The property currently includes five vacant units, plus pre-site plans for two additional ADUs. This property will provide an incredible rental income stream. Five Vacant Units Front Building (2840 & 2840 ½): 1,253 sq ft, featuring a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit. Middle Unit: 600 sq ft with a 1-bedroom, 1-bath layout. Left Unit: 540 sq ft with a 1-bedroom, 1-bath layout. Rear Unit: 418 sq ft with a 1-bedroom, 1-bath layout. Development Potential: Plans for two ADUs (1,000 sq ft each) and a third 800 sq ft building, for a total of 7 rental units on the property. Whether you're an investor looking for an exciting development project or a buyer seeking immediate rental income, this property offers both options. The units are ready for renovation. Don’t miss out on this great opportunity to invest in the potential of this large lot with room to grow.
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Gas Dryer Hookup, Other
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