10808 Elliott Avenue, South El Monte, California 91733, South El Monte, 91733 - bed, bath
ACTIVE$1,980,000
10808 Elliott Avenue, South El Monte, California 91733
0Bed
0Bath
3,306Sqft
17,513Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Rent Control Exemption: The property is explicitly free from California's rent control constraints (AB1482), allowing for maximum allowable rent increases and greater income flexibility for investors.
Top Cons:
Property Age & Potential System Obsolescence: Built in 1954, the property's age suggests that core systems (e.g., plumbing, electrical) beyond the recently replaced roofs may be original or dated, potentially requiring significant future maintenance or upgrades.
Compared to the nearby listings
Price:$1.98M vs avg $1.89M (+$90,000)50%
Size:3,306 sqft vs avg 4,995 sqft50%
Price/sqft:$599 vs avg $43450%
More Insights
Built in 1954 (71 years old).
Condition: Built in 1954, this 7-unit property shows significant age. While roofs have been recently replaced, the lack of interior photos and the presence of window AC units strongly suggest that kitchens, bathrooms, and other interior systems are very dated, likely original or last updated 30-50+ years ago. The property analysis explicitly notes 'potential system obsolescence' for plumbing and electrical, indicating a need for substantial rehabilitation beyond cosmetic updates to meet current standards and comfort levels.
Year Built
1954
Close
-
List price
$1.98M
Original List price
$1.98M
Price/Sqft
$599
HOA
-
Days on market
-
Sold On
-
MLS number
TR25126723
Home ConditionPoor
Features
View-
About this home
a 7-unit property located in a prime area of El Monte, free from rent control constraints providing maximum allowable rent increases under California AB1482. Possible room for ADU (check with city) Most of the roofs have recently been replaced along with other upgrades. The units are 100% occupied. Each unit has individual metering for gas and electricity. The location offers various conveniences to diverse tenant demographics along with convenient transportation routes to 10, 605 and 60 freeways
Condition Rating
Poor
Built in 1954, this 7-unit property shows significant age. While roofs have been recently replaced, the lack of interior photos and the presence of window AC units strongly suggest that kitchens, bathrooms, and other interior systems are very dated, likely original or last updated 30-50+ years ago. The property analysis explicitly notes 'potential system obsolescence' for plumbing and electrical, indicating a need for substantial rehabilitation beyond cosmetic updates to meet current standards and comfort levels.
Pros & Cons
Pros
Rent Control Exemption: The property is explicitly free from California's rent control constraints (AB1482), allowing for maximum allowable rent increases and greater income flexibility for investors.
Strong Occupancy & Immediate Cash Flow: All 7 units are 100% occupied, ensuring stable and immediate rental income for a new owner from day one.
Value-Add Potential (ADU): The generous 17,513 sqft lot offers potential for adding an Accessory Dwelling Unit (ADU), which could significantly increase property value and rental income (subject to city approval).
Recent Capital Improvements: Most of the roofs have recently been replaced, along with other unspecified upgrades, reducing immediate capital expenditure and maintenance concerns for a new owner.
Individual Utility Metering: Each unit has individual metering for gas and electricity, transferring utility costs to tenants and significantly reducing the landlord's operating expenses.
Cons
Property Age & Potential System Obsolescence: Built in 1954, the property's age suggests that core systems (e.g., plumbing, electrical) beyond the recently replaced roofs may be original or dated, potentially requiring significant future maintenance or upgrades.
Small Unit Sizes: With 7 units totaling 3306 sqft, the average unit size is approximately 472 sqft, which may limit the tenant demographic or rental rate potential compared to properties with larger units.
Unspecified Interior Condition: While exterior upgrades are noted, the description lacks details on the interior condition of the 7 units, implying potential for varied or dated interiors that may require future renovation investments to maximize rental appeal and value.