2915 Allgeyer, El Monte, California 91732, El Monte, 91732 - 0 bed, 0 bath
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2915 Allgeyer
El Monte, California 91732
ACTIVE
CONDITION: FAIR
0Beds
0Baths
4,304Sq Ft
23,757Lot Size
Property Price
LIST PRICE$1,690,000
EST. MARKET VALUE
$1,787,921
5% BelowMARKET VALUE
SUMMARY
This triplex represents a Strong Value Opportunity with a List Price of $1,690,000—positioned well below the $1,787,921 Fair Market Value by 5%. This valuation gap offers $97,921 in Instant Equity. Featuring a Fair Condition Rating, this Residential Income Asset offers significant upside through its 23,757 SF lot and potential for up to 16 units. With stable MTM leases and detached units, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term development potential.
Estimated Market Value
$1,787,921+$97,921 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in El Monte.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2915 Allgeyer Subject | $1,690,000* List Price | 0 | 0 | 4,304 | $415 | - |
A 2908 Cogswell Road Sold | $1,350,000 | 0 | 0 | 3,028 | $446 | 0.1 mi |
B 2435 Burkett Sold | $1,524,000 | 0 | 0 | 3,768 | $404 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1984 (40 years old), the property falls into the 'Fair' category as it is dated but functional. While there are some visible updates including laminate flooring, mini-split HVAC units, and a partially renovated bathroom shower, the overall interior features popcorn ceilings, older tile flooring, and dated cabinetry. The listing describes it as a 'value-add opportunity,' confirming it needs cosmetic updates rather than major structural rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Potential
The massive 23,757 SF lot offers extraordinary upside, including expired plans for additional units and the potential to redevelop up to 16 units, providing a high-density investment opportunity.
- High-Appeal Unit Configuration
The property features three detached units, each with its own private yard, individual garage, and laundry hookups, a rare setup that maximizes tenant privacy and commands premium rental rates.
- Immediate Rental Flexibility
With all units currently on month-to-month leases, the new owner has the immediate flexibility to adjust rents to market value, renovate units, or facilitate owner-occupancy.
CONSRISKS & DEFICIENCIES
- Expired Project Permits
Although significant capital was spent on plans for an additional unit and ADU, the permits expired in July 2025, requiring the buyer to navigate the city re-approval process and potential code updates.
- Recent Price Increase
A recent $100,000 upward adjustment in the asking price may impact the initial capitalization rate and requires a thorough valuation to ensure it aligns with current market comparables.
About 2915 Allgeyer
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.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1984
- Lot Size
- 23,757 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
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 |
|---|---|---|
| Beds | 0.0 | 3.8 |
| Baths | 0.0 | 2.0 |
| Square foot | 4,304 | 2,200.786 |
| Lot Size | 23,757 | 12,293.071 |
| Price | $1.69M | $1.07M |
| Price per sq ft | $393 | $474 |
| Built year | 1984 | 1943 |
| HOA | $0 | $0 |
| Days on market | 31 | 88 |
Pricing History
Listed for Sale
Aug 10, 2026
$1,690,000
Initial Listing
Price Change
Aug 9, 2026
$1,590,000
Initial Listing
Sold
Aug 25, 2016
$965,000
Public Record
Sold
Sep 15, 2015
$750,000
Public Record
Sold
Nov 22, 2000
$276,000
Public Record