CA > El Monte
El Monte, CA 91732,2840 Allgeyer AVE
El Monte, CA 91732,2840 Allgeyer AVE
El Monte, CA 91732,2840 Allgeyer AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,500,000
Est. payment /mo
0.52 Acres Lot
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UPDATED:

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

Read Less Info
CRMLS – RECore
Listed by CORA CHU IRN REALTY 626-688-8110

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