11038 Lambert Avenue, El Monte, California 91731, El Monte, 91731 - bed, bath
ACTIVE UNDER CONTRACT$1,150,000
11038 Lambert Avenue, El Monte, California 91731
0Bed
0Bath
2,705Sqft
12,813Lot
Year Built
1946
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$425
HOA
-
Days on market
-
Sold On
-
MLS number
MB25247603
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.15M(75th), sqft - 2705(75th), beds - undefined(50th), baths - undefined(50th).
Great El Monte Location. Three Separate House on a Lot w/ Private Yards. Very Well Established Rents. # 11038 2 Bdrm.-1 Bath @ $ 2,500, # 11040 1 Bdrm.- 1 Bath @ $ 1,500, # 11042 3 Bdrm.- 2 Bath $ 2,875. Total Monthly $ 6,875, Total Annual Income $ 82,500 . Check Comparable Properties, Note Total Square Footage @ 2,705, Note Lot Size @ 12, 813 Sq. Ft., Note Annual Income. Priced for Quick Sale.
Price History
Date
Event
Price
10/28/25
Listing
$1,150,000
Condition Rating
Poor
Built in 1946, this property shows significant age and a clear lack of recent renovations, especially in critical areas like kitchens and bathrooms, which are not pictured but can be inferred from the overall condition. The exterior images reveal dated features, unkempt landscaping, and cracked pavement, indicating deferred maintenance. The property analysis explicitly warns of 'Property Age & Potential Maintenance' and the need for 'significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) and general maintenance.' This suggests major systems are likely outdated and require substantial repairs or replacement, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Multi-Unit Income Property: The property features three separate houses on one lot, providing diversified rental income streams and strong cash flow potential as a triplex.
Established Rental Income: With 'very well established rents' totaling $82,500 annually, the property offers immediate and predictable cash flow for investors.
Generous Lot Size: A substantial 12,813 sq. ft. lot provides significant potential for future expansion, additional dwelling units (ADUs), or enhanced outdoor amenities.
Private Yards for Each Unit: Each of the three units benefits from its own private yard, a highly desirable feature that enhances tenant appeal and rental value.
Strategic Location: Described as a 'Great El Monte Location,' the property likely benefits from good access to amenities, transportation, and a stable rental market.
Cons
Property Age & Potential Maintenance: Built in 1946, the property is older, which may necessitate significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) and general maintenance.
Implication of 'Quick Sale': While attractive to buyers, the phrase 'Priced for Quick Sale' can sometimes suggest a motivated seller due to underlying property issues or a need for a rapid transaction, potentially indicating less-than-optimal condition or immediate investment needs.
Limited Interior Condition Details: The description lacks specific information regarding the interior condition, recent renovations, or updates of the individual units, which is crucial for assessing future maintenance costs and rental upside.