Active

3128 Mountain View Road

El Monte, CA 91732

$1,400,000 $5,902/Mo

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Overview

Bed

Bath

3,374

Sqft

9,139

Sqft(Lot)

Description

Three-unit multifamily investment on two adjacent parcels in the heart of El Monte, offered at $1,499,999 ($500,000/unit, 5.15% cap, 13.74 GRM). The offering consists of a detached front house and a rear duplex, sitting together on a combined ±9,139 SF R3 (EMR3YY) lot that permits multifamily redevelopment — providing a long-term land bank and entitlement story for investors and developers. Two of three units are delivered fully vacant and recently remodeled, allowing the new owner to set rents to market on day one — a rare opportunity in an LA County submarket where rent control and tenant protection statutes typically prevent immediate rent resets. The front house (3128) is a 2BD/2BA single-family residence leased at $3,300/month, providing immediate cash flow while the rear duplex is l eased up. The rear duplex (3130) consists of two 2BD/1BA units underwritten at $2,900/month market rent each. Projected gross income: $109,200 annually. Tenants pay electricity and gas. Owner pays water, sewer, trash, landscaping, insurance, and taxes. No rent-control reset risk on the vacant rear units, no relocation costs, no displacement exposure. Location: immediate access to the I-10, I-605, and SR-60 freeways and the Metro El Monte Station — one of the largest transit hubs west of the Mississippi. Directly adjacent to a retail corridor anchored by national tenants, driving tenant convenience and neighborhood activity. Downtown LA is approximately 13 miles west; Pasadena is 10 miles north; Industry, Irwindale, and West Covina employment centers are within a 15-minute drive. San Gabriel Valley multifamily fundamentals remain strong: 65,000+ market-rate units, vacancy well below LA County average, limited new supply, and ongoing public investment including the El Monte Gateway master plan. Assessor records reflect original 1933/1938 construction as two SFRs on two parcels; property currently operates as three units. Buyer to verify all square footage, unit count, permits, and financials.

Property Details

Property Type : Residential Income

Price : $1,400,000

AD Id : 77604556

MLS Id : OC26084351

Beds : 6

Lot Size : 9,139 Sqft

Living Area Size : 3,374

Year Built : 1933

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Sewer: Unknown

Building Information

Year Built: 1933 Building Area Total: 3,374
Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2098
Lot Size Source: Assessor Lot Size Square Feet: 9139

Listing Price Information

Original List Price: 1,400,000 Listing Contract Date: 2026-04-16
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 8565018004 Tax Year: 2025

Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Active Source Neighborhood: 619 - El Monte Directions: South of I-10, west of Peck Rd, between Valley Blvd and Garvey Ave Zoning: EMR3YY Source Property Type: Residential Income Area: 619 - El Monte Property SubType: Triplex
Building and Construction

Property Age: 93 Common Walls: 1 Common Wall Structure Type: Triplex Year Built Source: Assessor Entry Level: 1 Entry Location: Ground Level w/steps Property Attached: Yes Levels or Stories: Two Building Total Stories: 2

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
5227 Hammill Road, El Monte, CA, 91732	$1,650,000	11	8	6,296	6,296 SqFt
4308 Fandon, El Monte, CA, 91732	$990,000	3	2	1,358	1,358 SqFt
2915 Allgeyer, El Monte, CA, 91732	$1,690,000	10	6	4,304	4,304 SqFt
12127 Morehouse Street, El Monte, CA, 91732	$949,000	4	4	1,866	1,866 SqFt

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ByOwner last updated this listing 06/05/2026 @ 03:32

MLS: OC26084351 LISTED BY: Jake Ison, Rise Realty 866-344-7473 SOURCE: CRMLS