11308 Elliott, El Monte, California 91732, El Monte, 91732 - 2 bed, 1 bath
ACTIVE$795,000$876/sqft
11308 Elliott, El Monte, California 91732
2Beds
1Bath
876Sqft
16,336Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16336, living area = 876.
Top Cons:
Advanced Age of Existing Structure: Built in 1938, the current 876 sqft home is significantly aged, likely requiring substantial renovation or demolition, which adds to project costs for a developer or a traditional buyer.
Compared to the nearby listings
Price:$795.0K vs avg $800.0K ($-5,000)49%
Size:876 sqft vs avg 1,550 sqft10%
Price/sqft:$908 vs avg $53092%
More Insights
Built in 1938 (88 years old).
Condition: Built in 1938, the property is over 80 years old. The listing explicitly states the existing structure is 'significantly aged, likely requiring substantial renovation or demolition' and that its 'primary value lie in the land for development rather than the structure itself.' While a newer roof is mentioned, the overall condition, lack of interior images, and strong emphasis on the land's development potential (R3 zoning for multiple units/ADUs) indicate the current structure is considered beyond practical repair for a traditional buyer and its value is primarily in the land.
Year Built
1938
Close
-
List price
$795K
Original List price
$795K
Price/Sqft
$908
HOA
-
Days on market
-
Sold On
-
MLS number
WS26008229
Home ConditionTear down
Features
View-
About this home
Buyer to confirm with El Monte city building depart, potential to subdivide to build 3 separate PUD to sell to individual buyer or 3 units plus few ADUs...... Wide frontage 80 x 203 or 80 x 204 feet, R3 zone per assessor. Newer roof
V
VICTOR CHIU
Listing Agent
Condition Rating
Tear down
Built in 1938, the property is over 80 years old. The listing explicitly states the existing structure is 'significantly aged, likely requiring substantial renovation or demolition' and that its 'primary value lie in the land for development rather than the structure itself.' While a newer roof is mentioned, the overall condition, lack of interior images, and strong emphasis on the land's development potential (R3 zoning for multiple units/ADUs) indicate the current structure is considered beyond practical repair for a traditional buyer and its value is primarily in the land.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16336, living area = 876.
Exceptional Development Potential: The property offers significant investment upside with the potential to subdivide for 3 separate PUDs or develop 3 units plus multiple ADUs, as indicated by the R3 zoning and large lot.
Favorable R3 Zoning: Zoned R3 per assessor, this classification is a key enabler for multi-unit development, making the property highly attractive to investors and developers seeking to maximize land use.
Expansive Lot Size & Wide Frontage: A generous 16,336 sqft lot with an impressive 80 x 203/204 feet frontage provides ample space and flexibility for various development configurations and density.
Recent Roof Upgrade: The presence of a newer roof indicates a significant recent upgrade, reducing immediate capital expenditure for a critical structural component and offering peace of mind.
Strategic Location in El Monte: Located in El Monte, a well-established community in the San Gabriel Valley, the property benefits from existing demand for housing, enhancing the appeal of its development potential.
Cons
Advanced Age of Existing Structure: Built in 1938, the current 876 sqft home is significantly aged, likely requiring substantial renovation or demolition, which adds to project costs for a developer or a traditional buyer.
Extensive Due Diligence Required: The explicit note 'Buyer to confirm with El Monte city building depart' highlights that the development potential, while promising, is not pre-approved and necessitates considerable buyer investigation and navigation of city regulations, adding complexity and risk.
Limited Current Livability/Small Footprint: The existing 2-bed, 1-bath, 876 sqft home is quite small and may not appeal to a broad range of traditional single-family buyers without significant upgrades, making its primary value lie in the land for development rather than the structure itself.