2840 Allgeyer Avenue, El Monte, CA 91732
- $1,580,000
- Sold Price
- $1,580,000
- List Price
- $1,500,000
- Closing Date
- Sep 24, 2025
- Status
- CLOSED
- MLS#
- WS25177673
- Year Built
- 1944
- Lot Size
- 22,588
- Acres
- 0.52
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 23
- Property Type
- Multifamily
- Property Sub Type
- Apartment
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.
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Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $112,800
- Operating Expense
- 16100
Listing courtesy of Listing Agent: CORA CHU (corayc30@gmail.com) from Listing Office: IRN REALTY.
Listing sold by Rui Xia Herbst from Re/Max Elite Realty
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.