2843 Meeker, El Monte, California 91732, El Monte, 91732 - 3 bed, 2 bath
2843 Meeker
El Monte, California 91732
Property Price
SUMMARY
Analysis of 2843 Meeker, El Monte, California 91732 is currently available with a list price of $1,798,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the El Monte Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property was built in 1934, indicating significant age. While the residential unit appears functional and occupied, the interior images, particularly the kitchen, show dated features such as older light wood cabinets, speckled countertops, and ceramic tile flooring, suggesting a renovation approximately 15-30 years ago. Appliances are mixed, with an older refrigerator and a newer stainless steel range. The bedroom has worn carpet and basic lighting. Heating appears to be via a wall heater, an older system. The commercial units also show basic, dated finishes. The property is maintained enough to be income-producing but clearly shows its age and outdated styles, requiring minor updates to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Multiple Income Streams
The property generates robust and stable cash flow from diverse sources, including a commercial duplex, a residential single-family home, and a leased parking lot.
- Strategic Corner Lot Location
Positioned on a prominent corner with prime Garvey Avenue frontage, offering excellent visibility and accessibility for the commercial units.
- Significant Upside Potential
All tenants are on month-to-month leases, providing exceptional flexibility for repositioning, redevelopment, or rent adjustments, presenting strong value-add opportunities.
CONSRISKS & DEFICIENCIES
- Property Age & Potential Maintenance
Built in 1934, the property may require significant capital expenditures for updates, repairs, or deferred maintenance to modernize systems and structures.
- Tenant Turnover Risk
While offering owner flexibility, month-to-month leases can lead to higher tenant turnover and less predictable long-term income stability compared to properties with longer lease agreements.
- Occupancy Challenges for Redevelopment
The current tenant-occupied status could complicate immediate plans for extensive redevelopment, major renovations, or owner-occupancy, requiring careful tenant management.
About 2843 Meeker
Excellent investment opportunity with good CAP rate. This income-producing corner lot offers a rare combination of residential and commercial uses with strong, stable cash flow. The property features a commercial duplex with prime Garvey Avenue frontage located at 11534 Garvey Ave. One unit is occupied by a long-established hair salon that has successfully operated at this location for many years. Located behind the commercial building is a tenant-occupied single-family residence at 2843 Meeker Ave. Separate utility meters for the residential and the commercial units. In addition, a large rear lot is currently leased to a nearby auto shop for parking, providing supplemental rental income. Both the commercial duplex, the residential unit, and leased lot contribute to consistent monthly revenue. All tenants are on month-to-month leases, offering flexibility for future repositioning, redevelopment, or rent adjustments. This well-sized corner lot presents strong upside potential and multiple value-add opportunities, making it ideal for investors seeking both immediate income and long-term growth.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1934
- Lot Size
- 12,313 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | - | 86% |
| Baths | 2.0 | - | 86% |
| Square foot | 3,065 | 2,856 | 57% |
| Lot Size | 12,313 | 15,913 | 29% |
| Price | $1.80M | $1.30M | 86% |
| Price per sq ft | $587 | $506 | 86% |
| Built year | 1934 | 1946 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 46 | 154 | 14% |
Pricing History
Listed for Sale
Jan 19, 2026
$1,798,000
Initial Listing
Sold
Jun 8, 2015
$730,000
Public Record
Sold
Oct 4, 2006
$650,000
Public Record