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 | $1,300,000* List Price | 0 | 0 | 3,374 | $385 | - |
A 3032 Cogswell Road Sold | $1,170,000 | 0 | 0 | 2,424 | $483 | 0.2 mi |
B 2915 Allgeyer Active | $1,690,000 List Price | 0 | 0 | 4,304 | $393 | 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.
Two of three units delivered vacant and recently remodeled on adjacent R3 parcels in El Monte, priced at $1,300,000. Front 2BD/2BA house leased at $3,300 monthly. Rear duplex (two 2BD/1BA units) projected at $2,400 each. Projected GSI $97,200. Vacant delivery on the rear duplex lets the buyer set market rent at closing with no AB 1482 reset risk, no relocation exposure, no displacement cost. A rare open unit play in a submarket where tenant protection rules usually block immediate resets. Combined ±9,139 SF R3 (EMR3YY) lot supports multifamily redevelopment. Cash flow today, land bank tomorrow. Tenants pay electric and gas. Owner covers water, sewer, trash, landscaping, insurance, taxes. Minutes to I-10, I-605, and SR-60. Walking distance to Metro El Monte Station, one of the largest transit hubs west of the Mississippi. Downtown LA sits 13 miles west, Pasadena 10 miles north, Industry and West Covina employment centers inside 15 minutes. San Gabriel Valley fundamentals stay strong: vacancy below LA County average, limited new supply, ongoing public investment via the El Monte Gateway master plan. Assessor reflects two SFRs on two parcels. Property currently operates as three units. Buyer to verify square footage, unit count, permits, and financials.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,374 | 3,398 |
| Lot Size | 9,139 | 24,500.5 |
| Price | $1.30M | $1.22M |
| Price per sq ft | $385 | $432 |
| Built year | 1933 | 1932 |
| HOA | $0 | $0 |
| Days on market | 94 | 99 |
Jul 2, 2026
$1,300,000
$1,400,000
-7% Price Drop
Initial Listing
May 10, 2026
$1,400,000
$1,499,999
-7% Price Drop
Initial Listing
Apr 19, 2026
$1,499,999
Initial Listing