3128 Mountain View Road, El Monte, California 91732

  • $1,400,000
  • $1,499,999
3128 Mountain View Road, El Monte, CA 91732
Active
3128 Mountain View Road, El Monte, California 91732
3128 Mountain View Road, El Monte, CA 91732
  • $1,400,000
  • $1,499,999

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 leased 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.

  • Address 3128 Mountain View Road
  • City El Monte
  • State/county CA
  • Zip/Postal Code 91732
  • Country US

Details

Updated on May 7, 2026 at 11:08 pm
  • Property ID: OC26084351
  • Price: $1,400,000
  • Property Size: 3374 Sqft
  • Land Area: 0.2098 Acres
  • Year Built: 1933
  • Property Type: Triplex, Residential Income
  • Property Status: Active

Additional details

  • Listing Terms: Cash, Cash to New Loan, 1031 Exchange, Submit
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Sewer: Unknown
  • County: Los Angeles
  • Property Type: Residential Income
  • Pool: None
  • Community Features: Curbs

Contact Information

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Hoyt Hochman

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Hoyt Hochman
  • Hoyt Hochman