South El Monte, CA 91733,2403 Lee AVE
South El Monte, CA 91733,2403 Lee AVE
South El Monte, CA 91733,2403 Lee AVE
South El Monte, CA 91733,2403 Lee AVE
South El Monte, CA 91733,2403 Lee AVE
South El Monte, CA 91733,2403 Lee AVE
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$ 1,100,000
Est. payment | /mo

10,336 Sqft Lot


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$ 1,100,000
Est. payment | /mo
Save

10,336 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25128591

HOA Y/N No

Year Built 1962

Lot Size 10,336 Sqft

Lot Dimensions Assessor

Property Sub-Type Apartment

Property Description

PRICED TO SELL! We are 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.

Location

State CA

County Los Angeles

Area 657 - So. El Monte

Zoning SEM*

Interior

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Carport, Driveway, Garage

Garage Spaces 1.0

Carport Spaces 3

Garage Description 1.0

Fence Brick, Chain Link

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

View Y/N No

View None

Roof Type Shingle

Accessibility Parking

Total Parking Spaces 6

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One,Two

Sewer Public Sewer

Water Public

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 5281013003

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Kristopher German • RE/MAX 2000 REALTY • 909-645-0443
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2403 Lee AVE