PRICED TO SELL! We are pleased to exclusively offer for sale this 5-unit multi-family property located in the city of South El Monte, a prime rental community in the San Gabriel Valley. The subject property offers an exceptional "value-add" opportunity with an unbeatable price per unit and price per square foot. Spanning 4,390 rentable square feet on a 10,336 square foot lot, the property features two single-story Cottages and a two-story Triplex with a versatile unit mix. This includes one 3-Bedroom/2-Bath cottage (originally permitted as a commercial space and later converted to residential use), one 2-Bedroom/1-Bath cottage, three 2-Bedroom/1-Bath units (Triplex), and a non-conforming 2-Bedroom/1-bath unit currently utilizing the onsite garage space.
Each unit is separately metered for electricity and gas, providing operational efficiency and reducing owner expenses. With significant upside in rental income, this property is well-suited for investors looking to reposition the asset and capitalize on market rents.
The property is priced to sell and must be purchased in “as-is” condition. Buyers are advised to independently verify the legal square footage and bedroom/bathroom count. With strong fundamentals, substantial upside opportunity, and high potential cash returns, this offering is a rare find in a high-demand rental submarket.
Each unit is separately metered for electricity and gas, providing operational efficiency and reducing owner expenses. With significant upside in rental income, this property is well-suited for investors looking to reposition the asset and capitalize on market rents.
The property is priced to sell and must be purchased in “as-is” condition. Buyers are advised to independently verify the legal square footage and bedroom/bathroom count. With strong fundamentals, substantial upside opportunity, and high potential cash returns, this offering is a rare find in a high-demand rental submarket.
Property Details
Price:
$1,100,000
MLS #:
CV25128591
Status:
Active
Baths:
0
Address:
2403 Lee Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
657soelmonte
City:
South El Monte
Listed Date:
Jun 9, 2025
State:
CA
ZIP:
91733
Lot Size:
10,336 sqft / 0.24 acres (approx)
Year Built:
1962
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Schools
Interior
Accessibility Features
Parking
Appliances
None
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Exterior
Community Features
Sidewalks, Street Lights
Fencing
Brick, Chain Link
Garage Spaces
1.00
Lot Features
0-1 Unit/ Acre
Parking Features
Carport, Driveway, Garage
Parking Spots
6.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Electricity Available, Natural Gas Available, Sewer Available, Water Available
Map
Community
- Address2403 Lee Avenue South El Monte CA
- Area657 – So. El Monte
- CitySouth El Monte
- CountyLos Angeles
- Zip Code91733
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2403 Lee Avenue
South El Monte, CA
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