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31765440
31765441

3128–3130 mountain view rd, El Monte, CA 91732

JI
CA 02243439
Applied Realty, Inc.
Listed by Applied Realty, Inc.
$1,400,000
49 days on market
Updated 2 days ago
Opportunity zone

3128 & 3130 Mountain View Road

Details
APN 8565-018-004 (3128): 8565-018-040 (3130)
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,374
Units 3
Cap Rate 4.77%
NOI $66,813
Price per SqFt $415
Year Built 1933 / 1938
Buildings 2
Lot Size (SqFt) 9,139
Zoning EMR3YY (R3 Multifamily Permitted)

Multifamily | 3 Units | $466,666/unit

Marketing description

Rise Realty is pleased to present 3128–3130 Mountain View Road, a three-unit multifamily investment opportunity in the heart of El Monte, California. The offering consists of two adjacent parcels: a detached front house and a rear duplex, sitting together on a combined ±9,139 square foot R3 lot. Two of the three units are delivered fully vacant and recently remodeled, allowing the next owner to set rents to market on day one — a rare opportunity in a Los Angeles County submarket where rent control and tenant protection statutes typically prevent immediate rent resets.

The front parcel (3128 Mountain View Rd) is a 2-bedroom, 2-bathroom single-family residence currently leased at $3,300 tenant is not a long term tenant.. The rear parcel (3130 Mountain View Rd) is a duplex consisting of two 2-bedroom, 1-bathroom units, both recently remodeled and being delivered vacant at the close of escrow. At market rents of $2,900 per month per unit, the property generates a projected gross income of $109,200 annually, producing a stabilized cap rate of approximately 5.15% at the offering price.

Beyond in-place income, the property’s R3 (EMR3YY) zoning permits multifamily redevelopment, providing a long-term land bank story for investors who view the asset as a future development play. The location benefits from immediate proximity to the I-10, I-605, and SR-60 freeways, the Metro El Monte Station, and a dense retail corridor anchored by national tenants directly adjacent to the property.

3128–3130 Mountain View Road is located in El Monte, California — a centrally positioned city in the heart of the San Gabriel Valley submarket of Los Angeles County. El Monte is one of the largest cities in the San Gabriel Valley by population, with approximately 109,000 residents, and serves as a key residential and logistics hub between Downtown Los Angeles and the Inland Empire.

The property sits in a dense, infill location with immediate access to three major freeways — the I-10 (San Bernardino), I-605 (San Gabriel River), and SR-60 (Pomona). Downtown Los Angeles is approximately 13 miles to the west, Pasadena is 10 miles to the north, and the major employment centers of Industry, Irwindale, and West Covina are within a 15-minute drive. The Metro El Monte Station — one of the largest transit centers west of the Mississippi River — is located within the city, providing direct bus rapid transit access to Downtown LA.

The immediate neighborhood is a mix of single-family residential and neighborhood-serving retail, anchored by national tenants directly adjacent to the subject property. This adjacency provides tenants with walkable access to shopping, dining, and services — a meaningful amenity for renters in the submarket.

Investment highlights

  • Two Vacant, Remodeled Units: The Rear Duplex Is Delivered 100% Vacant With Both Units Fully Renovated. New Owner Sets Rents At Full Market On Day ONE With No Rent Control Reset, No Relocation Costs, And No Displacement Risk.
  • Freeway & Transit Access: Within Minutes Of The 1-10, 1-605, And Sr-60 Freeways And The Metro El Monte Station ONE Of The Largest Transit Hubs West Of The Mississippi.
  • R3 Multifamily Zoning: Emr3yy Zoning Permits Multifamily Redevelopment Of The Combined +9,139 Sf Lot, Providing A Long-term Land Bank And Entitlement Story For Investors And Developers.
  • Adjacent National Retail: The Property Is Directly Adjacent To A Retail Corridor Anchored By National Tenants - Driving Foot Traffic, Neighborhood Activity, And Tenant Convenience.
  • Strong In-place Tenant: The Front House Generates $3,300/month From A Long-term Tenant, Providing Immediate Cash Flow While The Rear Units Are Leased Up.
  • Tenant Pays Utilities: Tenants Are Responsible For Electricity And Gas, Limiting Owner-paid Expenses To Water, Sewer, Trash, Landscaping, Insurance, And Taxes.
  • Price / lot sf $153
  • Unit 1: 3128 (Front), 2 BD / 2 BA, Occupied, $3,300/mo
  • Unit 2: 3130 (Rear), 2 BD / 1 BA, Vacant (Market), $2,400/mo
  • Unit 3: 3130 (Rear), 2 BD / 1 BA, Vacant (Market), $2,400/mo
  • Monthly total: $8,100
  • Annual gross income: $97,200
  • Gross Scheduled Income: $97,200
  • Vacancy and Credit Loss (3%): ($2,916)
  • Effective Gross Income: $94,284
  • Total Operating Expenses: $27,471
  • Net Operating Income: $66,813
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Listing Contacts

JI
CA 02243439
Applied Realty, Inc.
Listed by Applied Realty, Inc.

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$66,813.00
$5,567.75/mo

Valuation Metrics

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DSCR
4.77%
Cap Rate
4.77%
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Additional Information

Name
Jake Ison
License
02243439
Brokerage
Rise Realty
Brokerage Phone
(760) 470-2752
Brokerage Address
1902 Wright Place
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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