South El Monte, CA 91733,2424 Continental AVE
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South El Monte, CA 91733,2424 Continental AVE
South El Monte, CA 91733,2424 Continental AVE
South El Monte, CA 91733,2424 Continental AVE
South El Monte, CA 91733,2424 Continental AVE
Listed by David Salzman • Engel & Volkers LA South Bay
Bought with David Salzman

$1,800,000

Est. payment /mo

$2,100,000

14.3%
Est.Price: ?

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2424 Continental AVE South El Monte, CA 91733

0.62 Acres Lot

SOLD DATE : 09/23/2025

Key Details

Sold Price $1,800,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRSB25137886

Sold Date 09/23/25

Year Built 1949

Lot Size 0.620 Acres

Source California Regional MLS

Property Description

Unlock the potential of this court-style 7-unit multi-family complex, ideally situated in a rapidly growing South El Monte neighborhood. Sited on an expansive 26,994 sq. ft. R-3-zoned parcel, this investment offers both stable cash flow and value-add upside. The property comprises Six- 2 bed, 1 bath units, each with its own front yard and dedicated 1-car garage, plus a standalone 3 bed, 1 bath house-also with its own garage. All units are individually metered for gas and electricity and fully occupied by month-to-month tenants, providing flexibility for repositioning or redevelopment. The location provides exceptional access to the 10, 605, and 60 freeways, catering to diverse tenant needs and ensuring continued rental demand. Zoned R-3-buyers are advised to verify the potential to redevelop up to 20 units (buyer to verify). Don't miss this opportunity to secure a prime, income-generating asset with significant upside! Analysis and expenses are proforma.

Location

State CA

County Los Angeles

Area 657 - So. El Monte

Interior

Laundry Other

Exterior

Garage Spaces 14.0

Pool None

Building

Story One Story

Water District - Public

Others

Tax ID 8104020021

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