2915 Allgeyer, El Monte, California 91732, El Monte, 91732 - 0 bed, 0 bath
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El Monte, California 91732
This High-Potential Residential Income Asset is a High-Potential Investment Opportunity listed at $1,790,000—positioned below the $1,810,579 Fair Market Value by 1%. This valuation offers $20,579 in Instant Equity. The property features three detached units in Move-in Ready Condition, each with private yards and garages on a massive 23,757 SF Lot. With Zoning Potential for 16 Units and expired plans for expansion, it offers massive long-term appreciation. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2915 Allgeyer Subject | $1,790,000* List Price | 0 | 0 | 4,304 | $421 | - |
A 12132 Ferris Road Sold | $1,300,000 | 0 | 0 | 4,106 | $317 | 0.7 mi |
B 2435 Burkett Active | $1,545,000 List Price | 0 | 0 | 3,768 | $410 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained for its 1984 build date. Interior photos reveal significant updates including modern mini-split HVAC systems, stainless steel kitchen appliances, and updated flooring (tile and laminate). The bathroom features a renovated walk-in shower with contemporary tile work. While the exterior and site layout reflect its age, the individual units have been updated sufficiently to meet current rental market standards without requiring immediate renovation.
Situated on a massive 23,757 SF lot, the property offers rare potential to expand up to 16 units, supported by $90K already invested in prior plans for additional units.
The triplex features three detached units, each with private yards, individual garages, and in-unit laundry, providing a single-family residential feel that commands higher rental stability.
All units are currently on month-to-month leases, allowing an investor to quickly adjust rents to market rates or facilitate owner-occupancy without long-term lease constraints.
Although plans were previously approved, the permits expired in July 2025, meaning a buyer must reinvest time and capital to renew or update approvals with the city.
The potential for 16 units is a significant density increase that requires rigorous buyer verification of local zoning laws, setbacks, and utility requirements to ensure feasibility.
Exceptional triplex (2911, 2913 & 2915) investment opportunity on a large 23,757 SF lot with a well-designed site plan and stable rental income. This property features three detached units, each with its own washer & Dryerr, private yard and individual garage—a rare setup that offers added privacy and strong tenant appeal. The property currently produces stable income, making it an attractive option for both investors and owner-occupants seeking long-term rental stability. All units are occupied on MTM leases, providing flexibility for future rent adjustments or potential owner occupancy. Per Seller, ~$90K spent on prior approved plans for a 1,711 SF unit and 563 SF ADU (garage coversion); permits expird in July 2025. Plans/reports available. Potential for up to 16 units-buyer to verify with city. Conveniently located near shopping, dining, schools, and major transportation routes, this property benefits from strong rental demand in the San Gabriel Valley. Ideal for investors seeking a value-add opportunity or buyers looking for long-term growth and development potential.PLEASE DON'T DISBURB TENANTS. DO NOT WALK THE PROPERTY WITHOUT AN APPOINTMENT.
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 | 4,304 | 2,848 | 86% |
| Lot Size | 23,757 | 15,913 | 71% |
| Price | $1.79M | $1.30M | 86% |
| Price per sq ft | $416 | $483 | 43% |
| Built year | 1984 | 1949 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 201 | 14% |
Mar 25, 2026
$1,790,000
Initial Listing
Aug 25, 2016
$965,000
Public Record
Sep 15, 2015
$750,000
Public Record
Nov 22, 2000
$276,000
Public Record