South El Monte, CA 91733,2403 Lee Avenue
South El Monte, CA 91733,2403 Lee Avenue
South El Monte, CA 91733,2403 Lee Avenue
7
$1,150,000
$1,100,000
4.5%
Est.Price: ?

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9 BD
5 BA

2403 Lee Avenue South El Monte, CA 91733

Est. payment /mo
SOLD DATE : 07/11/2025

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Key Details

Sold Price $1,150,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV25128591

Bedrooms 9

Property Sub-Type Res Income 2-4 Units

Property Description

PRICED TO SELL! We are pleased to exclusively offer for sale this 5-unit multi-family property located in the city of South El Monte, a prime rental community in the San Gabriel Valley. The subject property offers an exceptional "value-add" opportunity with an unbeatable price per unit and price per square foot. Spanning 4,390 rentable square feet on a 10,336 square foot lot, the property features two single-story Cottages and a two-story Triplex with a versatile unit mix. This includes one 3-Bedroom/2-Bath cottage (originally permitted as a commercial space and later converted to residential use), one 2-Bedroom/1-Bath cottage, three 2-Bedroom/1-Bath units (Triplex), and a non-conforming 2-Bedroom/1-bath unit currently utilizing the onsite garage space. Each unit is separately metered for electricity and gas, providing operational efficiency and reducing owner expenses. With significant upside in rental income, this property is well-suited for investors looking to reposition the asset and capitalize on market rents. The property is priced to sell and must be purchased in as-is condition. Buyers are advised to independently verify the legal square footage and bedroom/bathroom count. With strong fundamentals, substantial upside opportunity, and high potential cash returns, this offering is a rare find in a high-demand rental submarket.

Location

State CA

County Los Angeles

Zoning Assessor

Interior

Cooling Wall/Window

Exterior

View Y/N No

Building

Story 1

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MLS Router / San Diego MLS
Listed by Kristopher German RE/MAX 2000 REALTY
Bought with JAMES DUONG LANDMARK LENDING REALTY

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agent

Rose Lopez

Agent | License ID: 1043611

+1(619) 917-9057

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