11414 Lambert Avenue, El Monte, California 91732, El Monte, 91732 - bed, bath
ACTIVE$1,829,999
11414 Lambert Avenue, El Monte, California 91732
0Bed
0Bath
3,026Sqft
29,402Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multiple Income Streams/Multi-Generational Living: The property features three detached single-family homes with individual addresses, providing excellent potential for multiple rental income streams or accommodating multi-generational living arrangements.
Top Cons:
Age of Structures: Built in 1949, the existing homes are older and will likely require significant renovation, modernization, and deferred maintenance to meet current market standards and maximize value.
Compared to the nearby listings
Price:$1.83M vs avg $824.0K (+$1,005,999)98%
Size:3,026 sqft vs avg 1,550 sqft98%
Price/sqft:$605 vs avg $53560%
More Insights
Built in 1949 (76 years old).
Condition: Built in 1949, this property is 75 years old. The images reveal extremely dated interiors, particularly the kitchen with its yellow tiled countertops and old cabinets, and the bathrooms with basic, older-style fixtures. The light fixtures and ceiling fans are also outdated. While tenant-occupied and functional, the property shows minimal to no significant renovations in the last 30-50+ years, requiring substantial rehabilitation to meet modern living standards. The description also hints at the value being in the land and redevelopment potential, rather than the existing structures.
Year Built
1949
Close
-
List price
$1.83M
Original List price
$1.83M
Price/Sqft
$605
HOA
-
Days on market
-
Sold On
-
MLS number
WS25124993
Home ConditionPoor
Features
Patio
View-
About this home
Investor Opportunity in Prime North El Monte! Rare chance to own three detached single-family homes on an expansive 29,000+ sq ft lot with individual addresses: 11414 Lambert, 11420 Lambert, and 11381 Frankmont Ave. Each home is single-level and offers its own private space—ideal for multi-generational living or income-producing rentals. 11381 Frankmont: 2 Bed / 2 Bath 11414 Lambert: 2 Bed / 1 Bath 11420 Lambert: 2 Bed / 1 Bath All units are tenant-occupied on month-to-month leases, offering flexibility for future development or rent increases. The property is zoned for potential additions or redevelopment (buyer to verify with city), and is surrounded by newer construction in a fast-growing area. Conveniently located near shopping, schools, parks, and restaurants. Don't miss this opportunity to maximize value in a sought-after El Monte neighborhood!
Condition Rating
Poor
Built in 1949, this property is 75 years old. The images reveal extremely dated interiors, particularly the kitchen with its yellow tiled countertops and old cabinets, and the bathrooms with basic, older-style fixtures. The light fixtures and ceiling fans are also outdated. While tenant-occupied and functional, the property shows minimal to no significant renovations in the last 30-50+ years, requiring substantial rehabilitation to meet modern living standards. The description also hints at the value being in the land and redevelopment potential, rather than the existing structures.
Pros & Cons
Pros
Multiple Income Streams/Multi-Generational Living: The property features three detached single-family homes with individual addresses, providing excellent potential for multiple rental income streams or accommodating multi-generational living arrangements.
Expansive Lot Size: An impressive 29,000+ sq ft lot offers significant space for current use, potential future expansion, or redevelopment, adding substantial long-term value.
Development/Redevelopment Potential: The property is zoned for potential additions or redevelopment and is situated in a fast-growing area surrounded by newer construction, indicating strong upside potential.
Flexible Tenant Leases: All units are tenant-occupied on month-to-month leases, providing immediate rental income for investors while offering flexibility for rent adjustments or future development plans.
Prime Location: Located in 'Prime North El Monte,' the property benefits from convenient access to shopping, schools, parks, and restaurants, enhancing its desirability for tenants and future occupants.
Cons
Age of Structures: Built in 1949, the existing homes are older and will likely require significant renovation, modernization, and deferred maintenance to meet current market standards and maximize value.
Potential for High Renovation/Development Costs: As an 'investor opportunity' with older, tenant-occupied units, a buyer should anticipate substantial capital investment for necessary repairs, upgrades, and any planned redevelopment.
Buyer Due Diligence Required for Development: The potential for additions or redevelopment is subject to buyer verification with the city, which introduces an element of uncertainty and requires thorough, potentially time-consuming, due diligence.