12037 Rio Hondo Parkway, El Monte, California 91732, El Monte, 91732 - 0 bed, 0 bath
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12037 Rio Hondo Parkway
El Monte, California 91732
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,824Sq Ft
15,115Lot Size
Property Price
LIST PRICE$1,388,000
EST. MARKET VALUE
$1,528,755
9% BelowMARKET VALUE
SUMMARY
This triplex represents a Strong Value Opportunity, listed at $1,388,000—positioned well below the $1,528,755 Fair Market Value by 9%. This valuation gap provides $140,755 in Instant Equity. Featuring a Condition Rating of 2, the property includes extensive capital improvements like new roofs and HVAC systems. With private yards and dedicated parking for all three units, this asset offers high rental demand. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey multi-generational living setup.
Estimated Market Value
$1,528,755+$140,755 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in El Monte.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12037 Rio Hondo Parkway Subject | $1,388,000* List Price | 0 | 0 | 2,824 | $541 | - |
A 11583 Embree Active | $1,289,000 List Price | 6 | 5 | 2,400 | $537 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Despite the 1948 build date, the property has undergone extensive recent renovations including new roofs, updated electrical panels, and new windows across all three units. The rear home features a full remodel with new HVAC and a tankless water heater, placing the systems and exterior condition in the 'mint' category with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential & Versatility
This triplex configuration on a substantial 15,115 sqft lot offers excellent rental income diversification or a multi-generational living setup with three distinct residences.
- Extensive Capital Improvements
The property features significant recent upgrades including new roofs, fresh paint, updated electrical panels, and new windows across all units, minimizing immediate maintenance costs.
- Enhanced Tenant Privacy
Unlike many multi-family properties, each of the three units provides private yards, individual patios, and dedicated parking, which are premium features that drive higher rental demand.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1948, the property may have underlying plumbing or structural elements typical of its era that could require attention despite the visible cosmetic and electrical updates.
- Premium Market Pricing
With a list price of $1.388M, the property sits at a high entry point for the El Monte area, which may challenge investors seeking a high immediate capitalization rate.
About 12037 Rio Hondo Parkway
First time on the market in 25 years. Three homes on a large lot, all with new roofs and paint and updated electrical panels and windows. The front two homes are 2 bedrooms and 1 bathroom units and the rear home is 3 BR with 1 3/4 BA. The large rear home has been extensively remodeled and includes new HVAC, windows, and a tankless water heater. All three units have private yards, patios, and parking. This property has been well-cared for and fully shows its pride of ownership.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1948
- Lot Size
- 15,115 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.8 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,824 | 2,200.786 |
| Lot Size | 15,115 | 12,293.071 |
| Price | $1.39M | $1.07M |
| Price per sq ft | $492 | $474 |
| Built year | 1948 | 1943 |
| HOA | $0 | $0 |
| Days on market | 26 | 88 |
Pricing History
Listed for Sale
Aug 14, 2026
$1,388,000
Initial Listing