10829 Elliott Avenue, El Monte, California 91733, El Monte, 91733 - bed, bath
ACTIVE$1,265,000
10829 Elliott Avenue, El Monte, California 91733
0Bed
0Bath
3,192Sqft
6,270Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Opportunity: This fully occupied quadruplex offers immediate and reliable rental income, making it an outstanding investment for cash flow generation.
Top Cons:
Age of Property: Built in 1959, the property's age suggests potential for older underlying systems (e.g., plumbing, electrical, HVAC) that may require significant capital expenditure in the future, despite recent cosmetic updates.
Compared to the nearby listings
Price:$1.26M vs avg $950.0K (+$315,000)88%
Size:3,192 sqft vs avg 2,136 sqft63%
Price/sqft:$396 vs avg $45638%
More Insights
Built in 1959 (66 years old).
Condition: The property, built in 1959, features significantly outdated kitchens with older appliances, cabinets, and lighting, appearing to be from a renovation 30-50 years ago. While the description mentions 'updated bathrooms in two units' and recent exterior maintenance (new roof, paint), the visible bathroom also shows dated fixtures and finishes. The overall interior aesthetic requires substantial cosmetic rehabilitation to meet current quality and style standards, despite being functional and well-maintained.
Year Built
1959
Close
-
List price
$1.26M
Original List price
$1.3M
Price/Sqft
$396
HOA
-
Days on market
-
Sold On
-
MLS number
WS25110470
Home ConditionPoor
Features
View-
About this home
This fully occupied quadruplex in El Monte presents an outstanding investment opportunity with reliable rental income and future upside. Each of the four well-maintained units offers 2 bedrooms and 1 bathroom, along with in-unit washer and dryer hookups. Recent improvements include a new roof, fresh exterior paint, newly painted fencing, new rain gutters, updated bathrooms in two units, and select window replacements. Ideally situated near major freeways, shopping, and dining, the property benefits from strong tenant demand and excellent accessibility. With a spacious lot and favorable zoning, there is potential for future expansion or redevelopment, making this a smart choice for investors looking for both immediate cash flow and long-term value.
Condition Rating
Poor
The property, built in 1959, features significantly outdated kitchens with older appliances, cabinets, and lighting, appearing to be from a renovation 30-50 years ago. While the description mentions 'updated bathrooms in two units' and recent exterior maintenance (new roof, paint), the visible bathroom also shows dated fixtures and finishes. The overall interior aesthetic requires substantial cosmetic rehabilitation to meet current quality and style standards, despite being functional and well-maintained.
Pros & Cons
Pros
Strong Investment Opportunity: This fully occupied quadruplex offers immediate and reliable rental income, making it an outstanding investment for cash flow generation.
Recent Capital Improvements: Significant updates including a new roof, fresh exterior paint, new rain gutters, and updated bathrooms in two units reduce immediate capital expenditure for the new owner.
Desirable Tenant Amenities: Each unit includes convenient in-unit washer and dryer hookups, a highly sought-after feature that enhances tenant satisfaction and retention.
Excellent Location & Accessibility: Ideally situated near major freeways, shopping, and dining, the property benefits from strong tenant demand and easy access to amenities.
Future Upside Potential: A spacious lot and favorable zoning provide opportunities for future expansion or redevelopment, adding long-term value to the investment.
Cons
Age of Property: Built in 1959, the property's age suggests potential for older underlying systems (e.g., plumbing, electrical, HVAC) that may require significant capital expenditure in the future, despite recent cosmetic updates.
Inconsistent Unit Modernization: While some units have updated bathrooms and select window replacements, the description implies not all units have received comprehensive modernizations, potentially leading to varying tenant appeal and future renovation costs for the remaining units.
Unspecified Parking: The property description does not detail the parking arrangements for four units, which can be a significant concern for tenants and property management in a multi-unit dwelling, potentially impacting tenant satisfaction or future demand.