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$1,150,000
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Property Description
PRICED TO SELL! We are pleased to exclusively offer for sale this 5-unit multi-family property located in the city of South El Monte, a prime rental community in the San Gabriel Valley. The subject property offers an exceptional "value-add" opportunity with an unbeatable price per unit and price per square foot. Spanning 4,390 rentable square feet on a 10,336 square foot lot, the property features two single-story Cottages and a two-story Triplex with a versatile unit mix. This includes one 3-Bedroom/2-Bath cottage (originally permitted as a commercial space and later converted to residential use), one 2-Bedroom/1-Bath cottage, three 2-Bedroom/1-Bath units (Triplex), and a non-conforming 2-Bedroom/1-bath unit currently utilizing the onsite garage space.
Each unit is separately metered for electricity and gas, providing operational efficiency and reducing owner expenses. With significant upside in rental income, this property is well-suited for investors looking to reposition the asset and capitalize on market rents.
The property is priced to sell and must be purchased in "as-is" condition. Buyers are advised to independently verify the legal square footage and bedroom/bathroom count. With strong fundamentals, substantial upside opportunity, and high potential cash returns, this offering is a rare find in a high-demand rental submarket.
Full Property Details
Full Property Details for 2403 Lee Ave
General
- Sold For: $1,150,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: CV25128591
- Added to Site: 226 day(s) ago
Interior
- Fireplace(s): None
- Appliances: None
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 1
- Parking Features: Carport, Driveway, Garage
- Parking: Carport, Driveway, Garage
Location
- Area: 657 - So. El Monte
- County: Los Angeles
- Development Name: 657 - So. El Monte
- Driving Directions: North of Rush St. Just West of Rosemead Blvd
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 6
- # Electric Meters: 6
Structural Information
- Roof: Shingle
- Entry Location: 1
- Stories/Levels: One,Two
- Stories Description: One, Two
- Square Feet: 4,390
- Year Built: 1962
Lot Features
- Property View: None
- Lot Size (Acres): 0.2373
- Lot Size Source: Assessor
- Lot Dimensions: 3
- Zoning: SEM*
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $261.96
- Price Per Unit: 220000
Listed by Re/Max 2000 Realty, Kristopher German
Sold by Landmark Lending Realty, JAMES DUONG
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Schools
Schools serving 2403 Lee Ave
School Districts:El Monte Union High School District, El Monte City Elementary School District
| Name | Grades | Distance |
|---|---|---|
Potrero Elementary School, El Monte, CA 2611 Potrero Avenue, El Monte, CA 91733 | 7-8 | 0.7 mi |
South El Monte High School 1001 Durfee Avenue, South El Monte, CA 91733 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2403 Lee Ave
Date
Details
Price
Change
Source
7/11/2025
Sold
$1,150,000
4.55%
MLS
6/09/2025
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2403 Lee Avenue, South El Monte, CA 91733 (MLS# CV25128591) is a Multi-Family property that was sold at $1,150,000 on July 11, 2025. Want to learn more about 2403 Lee Avenue? Do you have questions about finding other Multi-Family real estate for sale in South El Monte? You can browse all South El Monte real estate or contact a Coldwell Banker agent to request more information.

