3137 Vane Avenue, El Monte, California 91733, El Monte, 91733 - 0 bed, 0 bath
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3137 Vane Avenue
El Monte, California 91733
ACTIVE UNDER CONTRACT
CONDITION: POOR
0Beds
0Baths
2,759Sq Ft
9,297Lot Size
Property Price
LIST PRICE$938,000
EST. MARKET VALUE
$958,966
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $938,000—positioned well below the $958,967 Fair Market Value by 2%. This valuation gap offers $20,967 in Instant Equity. Featuring a Fair Condition Rating (1940 build), the property requires a full rehab to modernize its aging infrastructure. With three 2-bedroom units on an expansive 9,294 sq. ft. lot, this asset is ideal for Buy-and-Hold Investors or Value-Add Developers seeking steady rental income in a high-demand area.
Estimated Market Value
$958,966
Based on Realkey algorithm analyzing recent comparable sales in El Monte.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1940 (86 years old) with no evidence of recent renovations. The exterior shows significant aging, including a worn roof, dated windows, and cracked pavement. Lack of interior photos and presence of long-term tenants suggest the units are likely in original or highly dated condition requiring a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- High Income Potential
This triplex features a desirable unit mix of three 2-bedroom, 1-bathroom units, providing a steady and scalable rental income stream in a high-demand area.
- Expansive Lot and Parking
Situated on an oversized 9,294 sq. ft. cul-de-sac lot, the property offers ample parking for all tenants, which is a significant competitive advantage for multi-family housing.
- Favorable Utility Setup
The units are separately metered for gas and electricity, effectively shifting major utility costs to tenants and simplifying property management for the owner.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally built in 1940, the property may require significant capital improvements or updates to major systems to meet modern standards and reduce long-term maintenance costs.
- Owner Utility Expenses
The seller currently covers water and trash costs, which increases the owner's monthly overhead and reduces the overall net operating income.
About 3137 Vane Avenue
Great Investment Opportunity! Nestled at the end of a cul-de-sac, this triplex sits on an expansive 9,294 sq. ft. lot and offers excellent income potential. Each of the three units features 2 bedrooms, 1 bathroom, and individual laundry hookups. The property is separately metered for gas and electricity, while the seller currently pays for water and trash. Each unit also has its own address: 3137, 3135, and 3135 1/2 Vane Ave. With plenty of parking available on the oversized lot, this property provides added convenience for tenants. All three units are occupied by long-term, month-to-month tenants, generating a steady monthly income. Conveniently located close to shopping, dining, and other amenities, with easy access to major freeways, this property presents a fantastic opportunity for investors seeking steady residential rental income.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1940
- Lot Size
- 9,297 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 | 2,759 | 2,200.786 |
| Lot Size | 9,297 | 12,293.071 |
| Price | $938.0K | $1.07M |
| Price per sq ft | $340 | $474 |
| Built year | 1940 | 1943 |
| HOA | $0 | $0 |
| Days on market | 26 | 88 |
Pricing History
Listed for Sale
Aug 14, 2026
$938,000
Initial Listing