Active

4159 Gilman

El Monte, CA 91732

$1,490,000 $6,281/Mo

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Overview

Bed

Bath

12,173

Sqft(Lot)

Description

Prime 5-Unit Value-Add Investment in Rapidly Gentrifying West SGV area (No Local Rent Control) | Highly Desirable Layout SFR + Fourplex | Major CAPEX have been completed (Roof, Electrical, Sewer, and Plumbing) | First Time on Market in 21 Years. SB721 Balcony Inspection passed. For the first time in over two decades, 4159 Gilman Rd., a 5-unit value-add investment opportunity in one of El Monte’s most rapidly gentrifying neighborhoods. Situated on a sprawling 12,100+ SF R3 lot, this unique 5-unit property features an ideal layout comprising a large single-family home in the front and a detached fourplex in the rear. This offering provides a 5.47% In-place CAP Rate with a clear upside to take it to 7.54% Proforma CAP Rate. The property was built in 1946 and consists of 2 buildings, a front single family house, and a fourplex. The property boasts a superb unit mix of all two-bedroom units, including a front house with a bonus den, and offers substantial upside potential through ADU development and laundry income. The property has undergone significant and major recent capital expenditures, including a new roof, upgraded electrical panels, a re-sleeved sewer line, a replaced main water line, and most recently a driveway recoat —significantly limiting future deferred maintenance. Most of these upgrades were completed in 2024. Two of the units in the back have been completely upgraded in 2024 with permits. Each unit has their own private backyard or side yard or deck. Located in a quiet, predominantly single-family neighborhood surrounded by new townhouse developments, the property is highly attractive to local renters. With no local rent control (subject only to CA AB 1482) and a strategic location providing consistent demand for rental unit, this asset offers the perfect blend of immediate stability and long-term wealth creation. The property has a total of 10 parking spaces (with extra land to park more). There is no parking soft story retrofit requirement in El Monte. Each unit is separately metered for electricity and gas. There is a laundry room without any machine – new owner can add coin-operated laundry machines to generate additional income. 4159 Gilman Rd benefits from a highly strategic location in one of El Monte’s most rapidly transforming residential neighborhoods. Tenants are drawn to this pocket for its quiet, tree-lined streets, while still enjoying immediate access to major employment hubs, top-tier retail, +excellent transit.

Property Details

Property Type : Residential Income

Price : $1,490,000

AD Id : 76343164

MLS Id : AR26062944

Lot Size : 12,173 Sqft

Year Built : 1946

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Roof: Shingle Property Appliances: Gas Range,Refrigerator,Water Heater Fireplace: None Flooring: Laminate,Vinyl,Wood
Cooling Features

Wall/Window Unit(s) Air Conditioning

Heating Source

Wall Furnace Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1946 Construction: Stucco Roof: Shingle
Foundation

Raised
Pool Features

None

Laundry Features

None

Fencing

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2795
Lot Size Source: Assessor Lot Size Square Feet: 12173

Listing Price Information

Original List Price: 1,490,000 Listing Contract Date: 2026-03-23
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 8549002002 Annual Tax: 18404

Garage and Parking

Garage Description: Assigned,Carport

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Active Source Neighborhood: 619 - El Monte Directions: near fwy 605 and 210 Source Property Type: Residential Income Area: 619 - El Monte Property SubType: Apartment
Building and Construction

Property Age: 80 Common Walls: 2+ Common Walls Property Condition: Repairs Cosmetic,Updated/Remodeled Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Two Building Total Stories: 1

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
12342 Donahue, El Monte, CA, 91732	$950,000	4	2	1,759	1,759 SqFt
5111 Cogswell, El Monte, CA, 91732	$769,900	3	2	1,216	1,216 SqFt
5349 Buffington, El Monte, CA, 91732	$750,000	2	1	1,034	1,034 SqFt
5215 Buffington, El Monte, CA, 91732	$1,300,000	5	5	2,852	2,852 SqFt
11724 Hemlock, El Monte, CA, 91732	$830,000	3	2	1,288	1,288 SqFt
4325 Bannister, El Monte, CA, 91732	$680,000	2	1	870	870 SqFt
4323 Bannister, El Monte, CA, 91732	$705,000	2	1	854	854 SqFt
11583 Embree, El Monte, CA, 91732	$1,289,000	6	5	2,400	2,400 SqFt
11803 Lower Azusa Road, El Monte, CA, 91732	$1,349,000	6	3	2,718	2,718 SqFt
4331 Maxson Rd., El Monte, CA, 91732	$780,000	3	2	1,240	1,240 SqFt

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ByOwner last updated this listing 06/04/2026 @ 20:07

MLS: AR26062944 LISTED BY: Handoko Chen, Growth Investment Group Pasade 626-594-4900 SOURCE: CRMLS