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$1,800,000
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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.
Full Property Details
Full Property Details for 2424 Continental Ave
General
- Sold For: $1,800,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SB25137886
- Added to Site: 212 day(s) ago
Rooms
Other Rooms
- Laundry: Inside
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 7
Location
- Area: 657 - So. El Monte
- County: Los Angeles
- Development Name: 657 - So. El Monte
- Driving Directions: Elliott and Continental
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 7
- # Electric Meters: 7
Structural Information
- Entry Location: entry
- Stories/Levels: One
- Stories Description: One
- Square Feet: 6,684
- Year Built: 1949
Lot Features
- Lot Size (Acres): 0.6197
- Lot Size Source: Assessor
- Zoning: SER3*
- Lot Description: Lot 20000-39999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $269.3
- Price Per Unit: 300000
Listed and Sold by Engel & Volkers LA South Bay, David Salzman
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Schools
Schools serving 2424 Continental Ave
School Districts:El Monte Union High School District, Mountain View Elementary School District, El Monte, CA
| Name | Grades | Distance |
|---|---|---|
Miramonte Elementary School, El Monte, CA 10620 Schmidt Road, El Monte, CA 91733 | K-6 | 0.2 mi |
Charles T. Kranz Intermediate School 12460 Fineview Street, El Monte, CA 91732 | 7-8 | 1.1 mi |
El Monte High School 3048 Tyler Avenue, El Monte, CA 91731 | 9-12 | 0.5 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 2424 Continental Ave
Date
Details
Price
Change
Source
9/23/2025
Sold
$1,800,000
-14.29%
MLS
6/20/2025
Listed
$2,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2424 Continental Avenue, South El Monte, CA 91733 (MLS# SB25137886) is a Multi-Family property that was sold at $1,800,000 on September 23, 2025. Want to learn more about 2424 Continental 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.

