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3128 Mountain View Rd 3 Unit Apartment Building $2,055,615 CAD ($685,205 CAD/Unit) 5.15% Cap Rate El Monte, CA 91732
Investment Highlights
- Two fully renovated units delivered vacant, allowing immediate lease-up at market rents.
- R3 multifamily zoning offers future redevelopment potential on a ±9,139 SF combined lot.
- Close proximity to a thriving retail corridor with national tenants and strong neighborhood amenities.
- Existing long-term tenant in the front house generating $3,300 monthly rent for immediate cash flow.
- Centrally located in El Monte with excellent access to I-10, I-605, SR-60, and Metro El Monte Station.
- Tenants responsible for electricity and gas, reducing owner’s operating expenses.
Executive Summary
An exceptional investment opportunity is available with this three-unit multifamily property located in the vibrant San Gabriel Valley submarket of Los Angeles County. Spanning two adjacent parcels on a combined ±9,139 SF lot, the asset consists of a detached 2-bedroom/2-bath single-family home and a rear duplex with two 2-bedroom/1-bath units. Two of the units have been fully remodeled and will be delivered vacant at the close of escrow, while the front home offers immediate income with an in-place tenant paying $3,300 per month.
At full market rents, the property is projected to generate a gross income of approximately $109,200 annually, reflecting a stabilized cap rate of 5.15%. The R3 zoning permits future multifamily redevelopment, creating a strong value proposition for both cash-flow investors and those seeking long-term appreciation. Positioned near the I-10, I-605, and SR-60 freeways, and within minutes of the Metro El Monte Station, this property offers exceptional connectivity to major employment centers and Downtown Los Angeles, while being adjacent to a dense retail corridor anchored by national brands. This is a turnkey investment with redevelopment upside in a rental market characterized by strong demand and limited new supply.
At full market rents, the property is projected to generate a gross income of approximately $109,200 annually, reflecting a stabilized cap rate of 5.15%. The R3 zoning permits future multifamily redevelopment, creating a strong value proposition for both cash-flow investors and those seeking long-term appreciation. Positioned near the I-10, I-605, and SR-60 freeways, and within minutes of the Metro El Monte Station, this property offers exceptional connectivity to major employment centers and Downtown Los Angeles, while being adjacent to a dense retail corridor anchored by national brands. This is a turnkey investment with redevelopment upside in a rental market characterized by strong demand and limited new supply.
Property Facts
| Price | $2,055,615 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $685,205 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.15% | Building Size | 9,139 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1933/1938 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-3 - Multifamily (EMR3YY) | ||
| Price | $2,055,615 CAD |
| Price Per Unit | $685,205 CAD |
| Sale Type | Investment |
| Cap Rate | 5.15% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 9,139 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1933/1938 |
| Opportunity Zone |
Yes |
| Zoning | R-3 - Multifamily (EMR3YY) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 2+2 | 1 | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $172,896 CAD | |
| Land Assessment | $87,055 CAD | Total Assessment | $259,952 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$87,055 CAD
Improvements Assessment
$172,896 CAD
Total Assessment
$259,952 CAD
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3128 Mountain View Rd
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