3128 Mountain View Road, El Monte, California 91732, El Monte, 91732 - 0 bed, 0 bath
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El Monte, California 91732
This Strategic Multifamily Asset is a Strong Value Opportunity, listed at $1,499,999—positioned well below the $1,631,474 Fair Market Value by 8%. This valuation gap provides $131,475 in Instant Equity for the incoming owner. Boasting a Condition Rating of 2, the property features recently remodeled units with shaker cabinetry and a 9,139 SF R3-zoned lot offering significant long-term redevelopment upside. Its prime location near the Metro El Monte Station ensures sustained rental demand and transit-oriented convenience. This is an exceptional 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 |
|---|---|---|---|---|---|---|
★ 3128 Mountain View Road Subject | $1,499,999* List Price | 0 | 0 | 3,374 | $484 | - |
A 3032 Cogswell Road Sold | $1,170,000 | 0 | 0 | 2,424 | $483 | 0.2 mi |
B 4131 4131 Cogswell Sold | $1,440,888 | 0 | 0 | 2,848 | $506 | 1.0 mi |
C 2915 Allgeyer Active | $1,790,000 List Price | 0 | 0 | 4,304 | $416 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1933, the property has undergone a recent comprehensive remodel within the last 5 years. Images show a modern kitchen with new shaker cabinetry, stone countertops, and stainless steel appliances, along with new LVP flooring and updated fixtures throughout the vacant units.
Two of the three units are delivered vacant and recently remodeled, allowing the owner to achieve market-rate rents immediately without the typical LA County rent control restrictions or relocation costs.
Situated on a ±9,139 SF R3-zoned lot, the property offers a significant long-term land bank opportunity for multifamily redevelopment in a high-demand submarket.
The property boasts exceptional accessibility, located near major freeways and the Metro El Monte Station—one of the largest transit hubs in the region—ensuring high tenant demand.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9139, other record lot size in square feet = 6467. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3374, other record living area = 1355.
Assessor records reflect the property as two single-family residences while it currently operates as three units, posing potential legal compliance and financing risks that require thorough verification.
With original construction dating back to the 1930s, the property may necessitate higher long-term maintenance costs for foundational, plumbing, and electrical systems common in older vintage buildings.
Three-unit multifamily investment on two adjacent parcels in the heart of El Monte, offered at $1,499,999 ($500,000/unit, 5.15% cap, 13.74 GRM). The offering consists of a detached front house and a rear duplex, sitting together on a combined ±9,139 SF R3 (EMR3YY) lot that permits multifamily redevelopment — providing a long-term land bank and entitlement story for investors and developers. Two of three units are delivered fully vacant and recently remodeled, allowing the new owner to set rents to market on day one — a rare opportunity in an LA County submarket where rent control and tenant protection statutes typically prevent immediate rent resets. The front house (3128) is a 2BD/2BA single-family residence leased at $3,300/month, providing immediate cash flow while the rear duplex is leased up. The rear duplex (3130) consists of two 2BD/1BA units underwritten at $2,900/month market rent each. Projected gross income: $109,200 annually. Tenants pay electricity and gas. Owner pays water, sewer, trash, landscaping, insurance, and taxes. No rent-control reset risk on the vacant rear units, no relocation costs, no displacement exposure. Location: immediate access to the I-10, I-605, and SR-60 freeways and the Metro El Monte Station — one of the largest transit hubs west of the Mississippi. Directly adjacent to a retail corridor anchored by national tenants, driving tenant convenience and neighborhood activity. Downtown LA is approximately 13 miles west; Pasadena is 10 miles north; Industry, Irwindale, and West Covina employment centers are within a 15-minute drive. San Gabriel Valley multifamily fundamentals remain strong: 65,000+ market-rate units, vacancy well below LA County average, limited new supply, and ongoing public investment including the El Monte Gateway master plan. Assessor records reflect original 1933/1938 construction as two SFRs on two parcels; property currently operates as three units. Buyer to verify all square footage, unit count, permits, and financials.
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 | 3,374 | 2,848 | 71% |
| Lot Size | 9,139 | 15,903 | 29% |
| Price | $1.50M | $1.30M | 86% |
| Price per sq ft | $445 | $483 | 43% |
| Built year | 1933 | 1946 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 201 | 14% |
Apr 19, 2026
$1,499,999
Initial Listing