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3128 Mountain View Rd 3 Unit Apartment Building $1,270,000 ($423,333/Unit) 5.38% Cap Rate El Monte, CA 91732
Investment Highlights
- Two fully renovated units delivered vacant, allowing immediate lease-up at market rents.
- R3 multifamily zoning offers future redevelopment potential on a ±9,139 SF combined lot.
- Close proximity to a thriving retail corridor with national tenants and strong neighborhood amenities.
- Existing long-term tenant in the front house generating $3,300 monthly rent for immediate cash flow.
- Centrally located in El Monte with excellent access to I-10, I-605, SR-60, and Metro El Monte Station.
- Tenants responsible for electricity and gas, reducing owner’s operating expenses.
Executive Summary
Two of three units can be delivered vacant and recently remodeled on adjacent R3 parcels in El Monte, priced at $1,270,000. Front 2BD/2BA house leased at $3,300 monthly. Rear duplex (two 2BD/1BA units) projected at $2,400 each.
Vacant delivery on the rear duplex lets the buyer set market rent at closing with no AB 1482 reset risk, no relocation exposure, no displacement cost. A rare open unit play in a submarket where tenant protection rules usually block immediate resets.
Combined ±9,139 SF R3 (EMR3YY) lot supports multifamily redevelopment. Cash flow today, land bank tomorrow.
Tenants pay electric and gas. Owner covers water, sewer, trash, landscaping, insurance, taxes.
Minutes to I-10, I-605, and SR-60. Walking distance to Metro El Monte Station, one of the largest transit hubs west of the Mississippi. Downtown LA sits 13 miles west, Pasadena 10 miles north, Industry and West Covina employment centers inside 15 minutes.
San Gabriel Valley fundamentals stay strong: vacancy below LA County average, limited new supply, ongoing public investment via the El Monte Gateway master plan.
Assessor reflects two SFRs on two parcels. Property currently operates as three units. Buyer to verify square footage, unit count, permits, and financials.
Vacant delivery on the rear duplex lets the buyer set market rent at closing with no AB 1482 reset risk, no relocation exposure, no displacement cost. A rare open unit play in a submarket where tenant protection rules usually block immediate resets.
Combined ±9,139 SF R3 (EMR3YY) lot supports multifamily redevelopment. Cash flow today, land bank tomorrow.
Tenants pay electric and gas. Owner covers water, sewer, trash, landscaping, insurance, taxes.
Minutes to I-10, I-605, and SR-60. Walking distance to Metro El Monte Station, one of the largest transit hubs west of the Mississippi. Downtown LA sits 13 miles west, Pasadena 10 miles north, Industry and West Covina employment centers inside 15 minutes.
San Gabriel Valley fundamentals stay strong: vacancy below LA County average, limited new supply, ongoing public investment via the El Monte Gateway master plan.
Assessor reflects two SFRs on two parcels. Property currently operates as three units. Buyer to verify square footage, unit count, permits, and financials.
Property Facts
| Price | $1,270,000 | Apartment Style | Low-Rise |
| Price Per Unit | $423,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.38% | Building Size | 9,139 SF |
| Gross Rent Multiplier | 13.07 | No. Stories | 2 |
| No. Units | 3 | Year Built/Renovated | 1933/1938 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R-3 - Multifamily (EMR3YY) | ||
| Price | $1,270,000 |
| Price Per Unit | $423,333 |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| Gross Rent Multiplier | 13.07 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 9,139 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1933/1938 |
| Opportunity Zone |
Yes |
| Zoning | R-3 - Multifamily (EMR3YY) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 2+2 | 1 | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $372,054 | |
| Land Assessment | $602,516 | Total Assessment | $974,570 |
Property Taxes
Parcel Numbers
Land Assessment
$602,516
Improvements Assessment
$372,054
Total Assessment
$974,570
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3128 Mountain View Rd