3043 Potrero AVE new Save Request In-Person Tour Request Virtual Tour
El Monte,CA 91733
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,234 sqft
Price per Sqft $275
MLS Listing ID 25521025
Bedrooms 28
HOA Y/N No
Year Built 1963
Lot Size 0.461 Acres
Property Description
This rare 14-unit multifamily investment is packed with potential, offering all two- bedroom / one-bath units, an ideal mix given the property's proximity to multiple schools, making it especially attractive to renters. Located in the growing submarket of El Monte, where average rents continue to rise despite broader market softening, this asset presents a compelling value-add opportunity.Each unit features in-unit washer and dryer hookups and individual water heaters, a rarity for a property of this vintage. With no local rent control, investors have a clear path to unlocking over 33% rental upsidebefore even factoring in additional revenue from RUBS and potential ADU additions.The property also offers ample parking with 12 covered spaces, 6 single-car garages, and 10 striped surface spots, adding to its tenant appeal. With strong rental growth trends and significant upside potential, this is a prime investment opportunity in one of the San Gabriel Valley's most promising submarkets.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR3*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dryer,Washer
Exterior
Parking Features Covered,Door-Single,Garage,Guest,One Space
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 8581015022
Special Listing Condition Standard