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About This Home
This 10-bedroom, 6-bathroom multi-family at 2915 Allgeyer in El Monte, CA is listed for $1,690,000 ($393 per sqft). Built in 1984, the home offers 4,304 sqft of living space on a 0.55 acres lot.
Exceptional triplex investment opportunity on a large 23,757 sq ft lot with a well-designed site plan and stable rental income. This property features three detached units, each with its own washer & Dryerr, private yard and individual garage—a rare setup that offers added privacy and strong tenant appeal.
The property currently produces stable income, making it an attractive option for both investors and owner-occupants seeking long-term rental stability. All units are occupied on MTM leases, providing flexibility for future rent adjustments or potential owner occupancy.
The current owner previously invested approximately $90,000 to obtain approved development permits for additional the 4th unit with 1711 sq fts, and an ADU with 563 sq fts. Although the permits expired in July of last year, the plans and reports are available and may provide a valuable starting point for future development (buyer to verify).
Conveniently located near shopping, dining, schools, and major transportation routes, this property benefits from strong rental demand in the San Gabriel Valley. Ideal for investors seeking a value-add opportunity or buyers looking for long-term growth and development potential.PLEASE DON'T DISBURB TENANTS. DO NOT WALK THE PROPERTY WITHOUT AN APPOINTMENT.
Key Features
- Built in 1984
- 0.55 acre lot
- 2 stories
- 7 parking spaces
Property Details
Monthly Cost Estimate
$9,038/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2915 Allgeyer
El Monte, CA 91732
Features & Amenities
Exterior Features
Questions & Answers
This 10-bedroom, 6-bathroom multi-family at 2915 Allgeyer is listed at $1,690,000 ($393/sqft). The estimated monthly payment is $7,323 based on 20% down at 6.5% interest.
Key features include: Built in 1984, 0.55 acre lot, 2 stories, 7 parking spaces. Exterior Features: Community Features Included: Sidewalks, Level, Lot 20000-39999 Sqft.
This property is listed by Jessica Chui and can be reached at 6263081002 or joinjessica@live.com.
