2403 Lee Avenue, South El Monte, California 91733
- $1,100,000
- $1,100,000
Overview
- Apartment, Residential Income
- 1.0
- 4390 Sqft
- 1962
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.
Address
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Address: 2403 Lee Avenue
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State/county: CA
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Zip/Postal Code: 91733
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Country: US
Details
Updated on July 11, 2025 at 10:43 pm-
Property ID CV25128591
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Price $1,100,000
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Property Size 4390 Sqft
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Land Area 0.2373 Acres
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Garage 1.0
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Year Built 1962
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash to New Loan
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Roof Shingle
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Utilities Electricity Available, Natural Gas Available, Sewer Available, Water Available
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Sewer Public Sewer
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Cooling Wall/Window Unit(s)
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County Los Angeles
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Property Type Residential Income
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Pool None
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Parking Carport, Driveway, Garage
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Community Features Street Lights, Sidewalks
Mortgage Calculator
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