11308 Elliott, El Monte, California 91732, El Monte, 91732 - 2 bed, 1 bath
Loading property details...
El Monte, California 91732
This property presents a High-Potential Investment Opportunity with a List Price of $785,000—positioned well above the $628,116 Fair Market Value by -24%. While the current structure has a Condition Rating of 6, the value lies in the expansive 16,336 sqft lot with R3 Zoning. The wide 80-foot frontage provides significant upside for developers to subdivide and build multiple units. This is a strategic Value-Add Asset ideal for Real Estate Developers or Buy-and-Hold Investors focused on long-term density potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11308 Elliott Subject | $785,000* List Price | 2 | 1 | 876 | $717 | - |
A 12364 Dahlia Avenue Sold | $675,000 | 2 | 1 | 885 | $763 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1938 (86 years old) with no interior renovations mentioned; the listing explicitly markets the property for its R3 zoning and development potential to build multiple units, indicating the value is almost entirely in the land.
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.
The expansive 16,336 sqft lot zoned R3 offers a rare opportunity to subdivide and build up to three separate PUDs or multiple units plus ADUs, maximizing investment returns.
The property features a wide 80-foot frontage and a depth of 204 feet, providing excellent site access and flexible configuration options for high-density residential development.
Built in 1938 with only 876 sqft of living space, the existing 2-bedroom, 1-bathroom structure is undersized for the lot and likely serves only as a teardown or temporary rental.
The potential for subdivision is not yet permitted, placing the burden of confirmation and entitlement risk on the buyer to verify feasibility with the El Monte building department.
Buyer to confirm with El Monte city, potential to subdivide to build 3 separate PUD to sell to individual buyer or 3 units plus few ADUs...... Wide frontage 80 x 204 feet, R3 zone per assessor. Victor Chiu is part owner.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 13% |
| Baths | 1.0 | 2.0 | 21% |
| Square foot | 876 | 1,551.5 | 6% |
| Lot Size | 16,336 | 6,434.5 | 92% |
| Price | $785.0K | $792.5K | 50% |
| Price per sq ft | $896 | $522 | 94% |
| Built year | 1938 | 1958 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 142 | 6% |
May 14, 2026
$785,000
Initial Listing