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Sold on 09/23/2025
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2424 Continental Ave, South El Monte, CA 91733

$1,800,000

Last sold 09/23/2025 after 96 Days

  • —

    bed

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    bath

Multi-family not for sale

About 2424 Continental Ave

Property type Multi-family
Neighborhood
Year built 1949
HOA fee $0/month
Lot size 0.62 Acre
Parking 7 garage spaces
Rental estimate
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.
Listed by
Listing Agent - David Salzman
Listing Agent Contact: 310-871-5314
Listing Office - Engel & Volkers LA South Bay
Source: CRMLS mls logo
MLS#SB25137886 • last updated 1 year ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Commercial/Residential
Status Pending
Lot Size (Acres) 0.6197
Lot Size (SqFt) 26994
Year Built 1949
Interior
Laundry Inside
Exterior
Building Area Square Feet, 6684
# Uncovered Spaces 7
# Parking Spaces 14
# Garage Spaces 7
Lot Description Lot 20000-39999 Sqft
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Street Lights
Zoning SER3*
Directions Elliott And Continental
APN 8104020021
Multifamily Details
Expense: Trash 9000
Operating Expense 69690
Expense: Insurance 9000
Total Expenses 69690
Expense: Maintenance 9000
Expense: Water/ Sewer 7200
Gross Income 184800
Gross Scheduled Income 184800
Rental est.: $2,197/month
Gross rent multiplier: 68.3
  • Sep 2025
    Public Records
  • Sep 24, 2025 Sold
    $1,800,000
  • Sep 2025
    mls logo MLS # SB25137886
  • Sep 23, 2025 Sold
    $1,800,000 (-14.3%)
  • Aug 27, 2025 Pending
    —
  • Jul 5, 2025 Active
    —
  • Jun 19, 2025 Listed
    $2,100,000
  • Year Property taxes Tax assessment
  • 2024
    $4,938 +6.5%
    $176,681 +2.0%
  • 2023
    $4,637 -3.4%
    $173,218
  • 2022
    $4,799 +1.8%
    $173,218 +4.04%
  • 2021
    $4,714 +1.7%
    $166,493
  • 2020
    $4,635 +8.0%
    $166,493 +5.12%
  • 2018
    $4,292
    $158,390
  • 2424 Continental Ave
    $1.8M
  • El Monte
    $750K
  • 91733
    $828K +7% y/y
  • South El Monte
    $828K +7% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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