2424 Continental AVE South El Monte, CA 91733

Name: Open House - 12PM-2PM
Start: 2025-10-11T12:00:00.000Z
End: 2025-10-11T14:00:00.000Z
Location: 750 Portola TER, Los Angeles, CA 90042

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Michael J. Lofton

Broker | License ID: 01988777

+1(619) 983-8805

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Key Details

Sold Price $1,800,000

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB25137886

Sold Date 09/23/25

HOA Y/N No

Year Built 1949

Lot Size 0.620 Acres

Property Sub-Type Mixed Use

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.