12023 Hemlock Street, El Monte, California 91732, El Monte, 91732 - 0 bed, 0 bath
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El Monte, California 91732
This Dual-Unit Residential Income Property is a High-Potential Investment Opportunity listed at $1,100,000—positioned below the $1,111,124 Fair Market Value by 1%. This valuation gap offers $11,124 in Instant Equity. Featuring two detached homes on a 10,656 Sq Ft Lot, the property maintains a Condition Rating of 4 with dated finishes but offers significant ADU Development Potential over the 3-car garage. Located in a quiet horse property community with Mountain Views, it is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12023 Hemlock Street Subject | $1,100,000* List Price | 0 | 0 | 2,750 | $404 | - |
A 12025 Conference Pending | $1,080,000 List Price | 0 | 0 | 2,621 | $412 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1936, the property features renovations that appear to be 20+ years old. While the listing notes functional systems like central HVAC and updated windows, the interior finishes—including checkered tile flooring, raised-panel white cabinetry, and shell-style bathroom sinks—are dated and will eventually require cosmetic updates.
The property features two completely separate detached houses (3BR/2BA and 2BR/2BA) on a single lot, offering excellent flexibility for multi-generational living or high-yield rental income.
With a large 10,656 sqft lot and a detached 3-car garage that the city will approve for an ADU build-out, there is significant potential to further increase the property's value and cash flow.
Situated in a quiet horse property community in North El Monte, the property offers a peaceful environment with a large cemented driveway and secure wrought iron gating.
Originally built in 1936, the property may require more intensive long-term maintenance or upgrades to older plumbing and electrical systems compared to modern builds.
While the front house features modern updates like central AC and recessed lighting, the back house utilizes carpet and lacks the same level of climate control, creating a disparity in tenant appeal.
On the market after 29 years......2 separate houses on 1 BIG lot-(Front House-3 Bedrooms & 2 Baths, Back House-2 Bedrooms & 2 Baths) 12023 & 12025 Hemlock St in North El Monte are located on a quiet cul-de-sac in a horse property community. This multi-unit property offers a large cemented drive way with a detached 3 car garage, surrounded with a wrought iron gate. (City will approve building an ADU over the 3 car garages) Front house offers 3 bedrooms, 2 baths, living/dining room, kitchen, Central heating and AC, Tile & laminated floors, white window shutters, recessed lighting, updated windows & laundry room. Back house offers 2 bedrooms, 2 baths, Kitchen/dining room, office, laundry room, carpet & tile floors and updated windows. Back house have new roof shingles.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,750 | 2,750 | 50% |
| Lot Size | 10,656 | 15,903 | 29% |
| Price | $1.10M | $1.27M | 14% |
| Price per sq ft | $400 | $483 | 29% |
| Built year | 1936 | 1946 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 201 | 14% |
Apr 18, 2026
$1,100,000
Initial Listing
Feb 14, 1997
$124,000
Public Record