2843 Meeker, El Monte, California 91732, El Monte, 91732 - 3 bed, 2 bath
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El Monte, California 91732
This Multi-Unit Commercial/Residential Asset is listed at $1,668,000, offering a unique income-producing opportunity in the El Monte Union High School District. While the list price exceeds the $1,386,413 Fair Market Value, the property’s value is anchored by its Prime Corner Location and three distinct revenue streams: a commercial duplex, a detached home with a patio, and a leased parking lot. With a Fair Condition Rating and all tenants on month-to-month leases, the site presents substantial Value-Add Potential for modernization or redevelopment. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2843 Meeker Subject | $1,668,000* List Price | 3 | 2 | 3,065 | $452 | - |
A 2908 Cogswell Road Pending | $1,400,000 List Price | 0 | 0 | 3,028 | $462 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, originally built in 1934, is in fair condition as it remains functional and income-producing but shows significant signs of age. The kitchen features dated oak cabinetry and tile flooring from a previous renovation (likely 15-20 years ago), while the bedrooms and commercial units exhibit outdated fluorescent lighting, worn carpets, and aged fixtures. While maintained, the infrastructure and interior styles require modernization to meet current market standards.
The property offers multiple income sources including a commercial duplex, a single-family residence, and a leased parking lot, providing a stable and varied cash flow.
Situated on a high-visibility corner lot with Garvey Avenue frontage, the property benefits from excellent exposure for its commercial tenants.
With all tenants on month-to-month leases, investors have the flexibility to adjust rents to market rates or explore redevelopment opportunities on the large lot.
Originally built in 1934, the property may require significant capital expenditures for repairs, upgrades, or to meet modern building codes.
Having been on the market for nearly 90 days with five consecutive price reductions, there may be challenges regarding the current valuation or buyer interest.
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 another commercial occupy as religious room. 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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 0.0 | 86% |
| Baths | 2.0 | 0.0 | 86% |
| Square foot | 3,065 | 2,848 | 57% |
| Lot Size | 12,313 | 15,903 | 43% |
| Price | $1.67M | $1.30M | 86% |
| Price per sq ft | $544 | $506 | 71% |
| Built year | 1934 | 1946 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 93 | 201 | 14% |
Apr 17, 2026
$1,668,000
$1,678,000
-1% Price Drop
Initial Listing
Mar 27, 2026
$1,678,000
$1,718,000
-2% Price Drop
Initial Listing
Mar 14, 2026
$1,718,000
$1,758,000
-2% Price Drop
Initial Listing
Mar 6, 2026
$1,758,000
$1,798,000
-2% Price Drop
Initial Listing
Jan 19, 2026
$1,798,000
Initial Listing
Jun 8, 2015
$730,000
Public Record
Oct 4, 2006
$650,000
Public Record