2435 Burkett, El Monte, California 91732, El Monte, 91732 - 0 bed, 0 bath
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El Monte, California 91732
This Income-Producing Triplex is a High-Potential Value-Add Asset defined by its expansive 20,836 SF Lot and significant development upside. Listed at $1,545,000, the property is priced in line with its $1,514,503 Fair Market Value, representing a stable acquisition in a prime El Monte neighborhood. While the property currently holds a Fair Condition Rating, the massive lot size, ample parking, and Distant Mountain Views provide a unique canvas for expansion or modernization. This versatile property is an ideal match for Buy-and-Hold Investors or Owner-Occupants looking to build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2435 Burkett Subject | $1,545,000* List Price | 0 | 0 | 3,768 | $402 | - |
A 2915 Allgeyer Active | $1,790,000 List Price | 0 | 0 | 4,304 | $416 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1938, this triplex shows signs of regular upkeep and occasional updates rather than a comprehensive recent renovation. While one kitchen features more modern white shaker cabinets and stainless steel appliances, another unit's kitchen has dated wood cabinets and white appliances. Bathrooms are functional but not modern. Crucially, one room (Image 24) clearly shows worn flooring that requires immediate replacement, indicating that not all units are move-in ready without minor repairs or updates. The property's age and mixed condition of updates align with the 'Fair' category, suggesting major components are functional but show signs of being outdated, and some areas require minor attention.
This property is a three-unit triplex, offering a clear income-generating opportunity for investors or owner-occupants seeking rental income.
Situated in a desirable El Monte neighborhood, the property benefits from a 'prime' location, enhancing its appeal to tenants and potential for appreciation.
The extra-large 20,836 sqft lot provides significant space for potential future development or expansion, adding long-term value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3768, other record living area = 3718.
Built in 1938, this 86-year-old property, despite being 'well maintained,' may have older infrastructure (plumbing, electrical, HVAC) that could require significant capital expenditures in the near future.
The property experienced a substantial price reduction from $2,000,000 to $1,650,000, which could indicate initial overpricing or market resistance, potentially raising questions about its current market value or condition.
Beautiful Three-Unit Investment Property in Prime El Monte Location!! Fantastic opportunity to own a well maintained, single story-triplex situated on an extra - large lot in the desirable El Monte neighborhood. This income-producing property offers great protentional for investors or owner-occupants looking to generate rental income. Each unit features comfortable layouts and is surrounded by mature fruit trees and the largest avocado tree I have ever seen. The expansive lot provides additional space for ample parking and additional space for possible future development or expansion. Don't miss out on this rare chance to acquire a multi-unit investment property!!!
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 | 3,768 | 2,848 | 71% |
| Lot Size | 20,836 | 15,913 | 57% |
| Price | $1.54M | $1.30M | 86% |
| Price per sq ft | $410 | $483 | 43% |
| Built year | 1938 | 1946 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 155 | 201 | 29% |
Mar 6, 2026
$1,545,000
$1,650,000
-6% Price Drop
Initial Listing
Jan 2, 2026
$1,650,000
$2,000,000
-17% Price Drop
Initial Listing
Nov 18, 2025
$2,000,000
Initial Listing