REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 5,000,000
Est. payment | /mo
0.61 Acres Lot
$ 5,000,000
Est. payment | /mo
0.61 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR26056692
HOA Y/N No
Year Built 1968
Tax Year 2025
Lot Size 0.615 Acres
Property Sub-Type Multi Family
Property Description
SB79 - 18-Unit Multifamily Investment Property – Stabilized Cash Flow + Major Transit-Oriented Redevelopment Potential. Built in 1968, this single-story apartment building (all studios, approximately 400 sq ft each) sits on a flat, rectangular lot with gated access, carport/open parking, on-site laundry income, separate electric meters, and an on-site manager unit. Currently producing strong cash flow with owner-reported average rents of approximately $1,050 per unit (well below current El Monte studio market rents of $1,272–$1,575). Strategically located just 0.48 miles (straight-line) from El Monte Station (Metrolink commuter rail + Metro J Line BRT). This transit-adjacent site is zoned EMR-4 (high-density multifamily) and positioned for potential intensification under SB 79 (Abundant & Affordable Homes Near Transit Act, effective July 1, 2026), which may allow ministerial approvals for higher density, height, and reduced parking standards in qualifying TOD zones. Ideal for value-add investors or developers seeking to maximize equity through redevelopment (60–75+ units possible with incentives). Buyers and buyer's agents must independently verify EVERY detail including (but not limited to) unit sizes, actual rents/expenses, zoning, environmental conditions, flood zone status, tenant estoppels, SB 79 eligibility (requires professional survey confirmation), and all legal/financial aspects. No representations or warranties are made by the seller, listing agent, or any party. Property is presented “AS-IS, WHERE-IS.”
Location
State CA
County Los Angeles
Area 619 - El Monte
Interior
Fireplace No
Laundry See Remarks
Building
Lot Description 16-20 Units/Acre
Story 1
Water See Remarks
Others
Tax ID 8575010011
Special Listing Condition Standard
Listed by Leonard Hsu Imax Realty & Mortgage Inc. 6268900234, DRE #01872881