2843 Parkway Drive, El Monte, California 91732, El Monte, 91732 - bed, bath
ACTIVE$1,100,000
2843 Parkway Drive, El Monte, California 91732
0Bed
0Bath
2,500Sqft
19,359Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Development Potential: The property's zoning allows for the addition of two more units and up to three Accessory Dwelling Units (ADUs), presenting substantial opportunities for future expansion and increased rental income.
Top Cons:
Property Age and Condition: Built in 1943, the property is likely to require significant capital investment for updates to its core systems (plumbing, electrical) and general modernization to meet contemporary standards.
Compared to the nearby listings
Price:$1.10M vs avg $1.13M ($-30,000)50%
Size:2,500 sqft vs avg 2,500 sqft50%
Price/sqft:$440 vs avg $47440%
More Insights
Built in 1943 (82 years old).
Condition: Built in 1943, this property is significantly aged. The images reveal an outdated interior with an old-style bathroom vanity, older tiled flooring, and basic light fixtures. The presence of window AC units suggests a lack of central heating/cooling, indicating a major system deficiency. While the property appears livable, the listing description itself notes it's 'ready for your personal touch' and requires 'renovation,' with the AI analysis explicitly stating a need for 'significant capital investment for updates to its core systems (plumbing, electrical)' and 'considerable renovation and cosmetic upgrades.' These factors point to a property requiring substantial repairs and rehabilitation to meet modern standards, aligning with a 'poor' condition score.
Year Built
1943
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$440
HOA
-
Days on market
-
Sold On
-
MLS number
PW25065434
Home ConditionPoor
Features
Patio
View-
About this home
Back on the market—buyer couldn’t perform, but now it’s your shot to score this gem! Exceptional Duplex with Massive Development Potential in El Monte! Seize this rare investment opportunity! This spacious duplex sits on an enormous 21,000 sqft lot, offering endless possibilities for expansion. The first unit features 3 bedrooms and 1 bath, while the second unit boasts 3 bedrooms and 2 baths—ready for your personal touch and delivered vacant for immediate use or renovation. With zoning that allows for two additional units and up to three ADUs, this property is a developer’s dream or a perfect opportunity for an owner-occupant looking to maximize rental income. Located in the heart of El Monte, this prime location provides easy access to the 605, 10, and 60 freeways—all within minutes—making commuting a breeze. Don’t miss out on this high-potential investment in a thriving market! Call today for more details!
Condition Rating
Poor
Built in 1943, this property is significantly aged. The images reveal an outdated interior with an old-style bathroom vanity, older tiled flooring, and basic light fixtures. The presence of window AC units suggests a lack of central heating/cooling, indicating a major system deficiency. While the property appears livable, the listing description itself notes it's 'ready for your personal touch' and requires 'renovation,' with the AI analysis explicitly stating a need for 'significant capital investment for updates to its core systems (plumbing, electrical)' and 'considerable renovation and cosmetic upgrades.' These factors point to a property requiring substantial repairs and rehabilitation to meet modern standards, aligning with a 'poor' condition score.
Pros & Cons
Pros
Significant Development Potential: The property's zoning allows for the addition of two more units and up to three Accessory Dwelling Units (ADUs), presenting substantial opportunities for future expansion and increased rental income.
Expansive Lot Size: Sitting on a generous 19,359 sqft lot, this property offers considerable space for current use, potential new construction, and outdoor amenities, a valuable asset in an urban setting.
Vacant Delivery: Both duplex units will be delivered vacant, providing the new owner immediate flexibility to renovate, set market-rate rents, or occupy one or both units without tenant relocation complexities.
Established Income Property: As an existing duplex, the property is already configured for multi-unit income generation, offering a clear path to rental revenue or accommodating multi-generational living.
Strategic Freeway Access: Located in the heart of El Monte, the property boasts excellent connectivity with quick access to the 605, 10, and 60 freeways, enhancing its appeal for commuters and potential tenants.
Cons
Property Age and Condition: Built in 1943, the property is likely to require significant capital investment for updates to its core systems (plumbing, electrical) and general modernization to meet contemporary standards.
Renovation Required: The description implies the units need a 'personal touch,' indicating that considerable renovation and cosmetic upgrades will be necessary to maximize rental value and tenant appeal.
Prior Transaction Failure: The property is back on the market because a previous buyer 'couldn’t perform,' which may suggest potential underlying issues discovered during due diligence or financing challenges that could recur.