Movoto Real Estate
Sold on 05/07/2025

3043 Potrero Ave, El Monte, CA 91733

$6,731,252

Last sold 05/07/2025 for $6.9M

  • 28

    bed

  • 14

    bath

  • 11,234

    Sqft ($614/Sqft)

Multi-family not for sale

About 3043 Potrero Ave

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Lot size 0.46 Acre
Movoto estimate
Property description
This rare 14-unit multifamily investment is packed with potential, offering all two- bedroom / one-bath units, an ideal mix given the property's proximity to multiple schools, making it especially attractive to renters. Located in the growing submarket of El Monte, where average rents continue to rise despite broader market softening, this asset presents a compelling value-add opportunity.Each unit features in-unit washer and dryer hookups and individual water heaters, a rarity for a property of this vintage. With no local rent control, investors have a clear path to unlocking over 33% rental upsidebefore even factoring in additional revenue from RUBS and potential ADU additions.The property also offers ample parking with 12 covered spaces, 6 single-car garages, and 10 striped surface spots, adding to its tenant appeal. With strong rental growth trends and significant upside potential, this is a prime investment opportunity in one of the San Gabriel Valley's most promising submarkets.
Listed by
Listing Agent - Nicholas Hayner
Listing Office - Maywood Property Group
Source: The MLS mls logo
MLS#25521025 • last updated 1 year ago
Movoto checked The MLS for data 3 minutes ago
Overview
Levels/Style Multi/Split
MLS # 25521025
Type Residential Income
Status Active
SqFt 11234
Lot Size (SqFt) 20078
Lot Size (Acres) 0.4609
Year Built 1963
Interior
Total # of Baths 14
Total # of Bedrooms 28
Exterior
Parking Desc Garage - 1 Car, Covered Parking, Parking For Guests, Parking Space
Add'l Structures None
Amenities / Utilities
Equipment Washer, Dryer
Location
County Los Angeles
Zoning EMR3*
APN 8581-015-022
Multifamily Details
Unit 1: Furnished No
Unit 1: Projected Rent 29900
Unit 1: # Beds 2
Unit 1: Rent 1501
Unit 1: # Baths 1
Unit Type 2106
Unit 1: Actual Rent 21015
Total # Of Buildings 4
Net Operating Income 166994
Vacancy Rate 2%
Gross Income 279780
Gross Operating Income 279780
Gross Rent Multiplier 11.08
Total Annual Expenses 107190
$6.73M
Range: $6.05M-$7.4M
Last 30 days 
  • Jun 2025
    Public Records
  • Jun 9, 2025 Sold
    $6,790,000 (-1.6%)
  • Jun 2025
    mls logo MLS # 25521025
  • Jun 9, 2025 Sold
    $6,900,000 (+122.6%)
  • May 7, 2025 Pending
  • Apr 1, 2025 Listed
    $3,100,000
  • Year Property taxes Tax assessment
  • 2025
    $33,813 +9.2%
    $3,751,123 +81.54%
  • 2024
    $30,964 +1.9%
    $2,066,326
  • 2023
    $30,378 +275.0%
    $2,066,326 +533.53%
  • 2022
    $8,101 +0.6%
    $326,161 +2.0%
  • 2021
    $8,054 +0.3%
    $319,767
  • 2020
    $8,030 +3.4%
    $319,767 +5.12%
  • 2018
    $7,770
    $304,201
  • 3043 Potrero Ave
    $6.9M
  • Park El Monte
    $617K +20% y/y
  • 91733
    $828K +9% y/y
  • El Monte
No chart available
Statistics calculated by Movoto

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6/10
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Source: GreatSchools.org © 2026. All rights reserved.

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