3827 Pine Avenue, El Monte, California 91731, El Monte, 91731 - bed, bath
ACTIVE$750,000
3827 Pine Avenue, El Monte, California 91731
0Bed
0Bath
1,932Sqft
4,223Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Immediate Cash Flow: The property features two tenant-occupied units, ensuring immediate and stable rental income from day one for the new owner.
Top Cons:
Age of Property & Potential for Updates: Built in 1941, the property is older, suggesting a likelihood of requiring significant capital investment for modernization, renovations, or addressing deferred maintenance.
Compared to the nearby listings
Price:$750.0K vs avg $871.5K ($-121,500)25%
Size:1,932 sqft vs avg 1,907.5 sqft50%
Price/sqft:$388 vs avg $49325%
More Insights
Built in 1941 (84 years old).
Condition: Built in 1941, this property is 83 years old. The exterior images show an older building with visible window AC units, indicating a lack of central air conditioning and suggesting significant discomfort. The absence of interior photos, particularly of kitchens and bathrooms, for a property of this age strongly implies these areas are very dated and require substantial rehabilitation. While tenant-occupied, suggesting it's livable, it likely requires major updates to systems, finishes, and overall comfort to meet current standards.
Year Built
1941
Close
-
List price
$750K
Original List price
$769K
Price/Sqft
$388
HOA
-
Days on market
-
Sold On
-
MLS number
AR25114552
Home ConditionPoor
Features
Patio
View-
About this home
Here is an exceptional investment opportunity comprising two tenant-occupied units in El Monte, California. One unit has 3 beds/1.5 baths with an attached garage and the other unit has 2 beds/1 bath and a gated driveway. This property offers immediate cash flow with established tenants in place, providing a stable income stream from day one. You can also live in one and rent out the other. Strategically located within a high-demand rental market, the units benefit from proximity to major freeways, El Monte Transit Center, San Gabriel Valley Airport, commercial centers, local amenities and just a few minutes drive to DTLA. With ongoing rental income and strong market fundamentals, these units represent a solid addition to any real estate portfolio.
Condition Rating
Poor
Built in 1941, this property is 83 years old. The exterior images show an older building with visible window AC units, indicating a lack of central air conditioning and suggesting significant discomfort. The absence of interior photos, particularly of kitchens and bathrooms, for a property of this age strongly implies these areas are very dated and require substantial rehabilitation. While tenant-occupied, suggesting it's livable, it likely requires major updates to systems, finishes, and overall comfort to meet current standards.
Pros & Cons
Pros
Immediate Cash Flow: The property features two tenant-occupied units, ensuring immediate and stable rental income from day one for the new owner.
Duplex Configuration & Flexibility: As a duplex, it offers versatile options for investors seeking a pure rental asset or owner-occupants looking to live in one unit and rent out the other.
Strategic & High-Demand Location: Located in El Monte, a high-demand rental market, with excellent proximity to major freeways, transit centers, commercial hubs, and downtown Los Angeles.
Strong Investment Potential: Positioned as a solid addition to any real estate portfolio, benefiting from ongoing rental income and robust market fundamentals in the area.
Parking & Security Features: One unit includes an attached garage, and the other benefits from a gated driveway, providing valuable parking and enhanced security for tenants.
Cons
Age of Property & Potential for Updates: Built in 1941, the property is older, suggesting a likelihood of requiring significant capital investment for modernization, renovations, or addressing deferred maintenance.
Existing Tenant Constraints: While providing income, existing tenants may limit immediate owner-occupancy, restrict showing flexibility, or potentially be on leases that are below current market rates.
Recent Price Reduction: The recent price drop from $769,000 to $750,000 could indicate that the property was initially overpriced or has faced challenges in attracting buyer interest, potentially signaling a perceived value issue.