3108 Adelia Ave, El Monte, California 91733, El Monte, 91733 - 0 bed, 0 bath
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El Monte, California 91733
This property presents a High-Potential Investment Opportunity with a List Price of $1,080,000—positioned above the $1,026,361 Fair Market Value. While currently priced at a premium, the 12,600 sq ft R3-zoned lot offers significant upside through the development of a 2,800 sq ft residential unit and an 800 sq ft ADU. With a Condition Rating of 5, the aging infrastructure requires capital expenditure, yet the existing dual-stream income provides immediate cash flow. This is a strategic acquisition for Buy-and-Hold Investors or Developers targeting long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3108 Adelia Ave Subject | $1,080,000* List Price | 0 | 0 | 1,872 | $548 | - |
A 9813 Cortada Street Active | $798,000 List Price | 0 | 0 | 1,338 | $596 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1950 (>70 years old) and lacks evidence of recent renovations to major systems, kitchens, or bathrooms. The listing's heavy emphasis on R3 development potential, vacant land, and the suggestion to 'enlarge' the existing residential unit indicates the current structures are significantly dated and require major rehabilitation to meet modern standards.
The property sits on a large 12,600 sq ft lot with R3 zoning, offering a rare opportunity to build an additional 2,800 sq ft residential unit and an 800 sq ft ADU while keeping existing structures.
Investors benefit from immediate cash flow with stable, long-term tenants in place, including a commercial storefront and a residential unit generating a combined $4,335 per month.
The R3 zoning and city allowance for daycare services provide multiple high-value exit strategies, ranging from multi-family residential expansion to specialized commercial operations.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12600, other record lot size in square feet = 12076.
With the original structure dating back to 1950, the property may require significant capital expenditures for system upgrades or modernization to sustain long-term value.
The property's peak valuation is contingent upon the buyer successfully navigating the permitting and construction process for the proposed new units, which involves inherent time and cost risks.
This is a highly promising investment property in R3 land. Currently, there are two units with long-term, stable, and high-quality tenants: a convenience store rents for $2835 and a residential unit for $1500. Next to it is approximately 7000 sq ft of land suitable for residential development (2800 sq ft) and an ADU (Advanced Development Unit) of 800 sq ft. The existing storefront will remain unchanged, while the residential unit can be enlarged. A designer has been commissioned, and initial design drafts are available. It's close to schools and shopping malls. The city also allows daycare services in this area. In Los Angeles' booming rental market, this is a rare and excellent investment opportunity – don't miss it!
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 | 1,872 | 2,282.5 | 50% |
| Lot Size | 12,600 | 12,329 | 50% |
| Price | $1.08M | $982.5K | 67% |
| Price per sq ft | $577 | $416 | 83% |
| Built year | 1950 | 1950 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 152 | 17% |
May 7, 2026
$1,080,000
Initial Listing
May 7, 2021
$780,000
Public Record
May 2, 2014
$560,000
Public Record
Jun 17, 2008
$500,000
Public Record