2840 Allgeyer AVE Open House Save Request In-Person Tour Request Virtual Tour
El Monte,CA 91732
OPEN HOUSE
Sat Aug 09, 2:00pm - 4:00pm Sun Aug 10, 2:00pm - 4:00pm
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS25177673
HOA Y/N No
Year Built 1944
Lot Size 0.518 Acres
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.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR3*
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Electric Dryer Hookup,Gas Dryer Hookup
Exterior
Parking Features Covered
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Street Lights
Total Parking Spaces 5
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 8106006003
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard