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Sold on 07/03/2024
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3438 Gilman Rd, El Monte, CA 91732

$940,000

Last sold 07/03/2024 for $915K

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    bed

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    bath

Multi-family not for sale
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About 3438 Gilman Rd

Property type Multi-family
Neighborhood
Year built 1962
HOA fee $0/month
Lot size 5,300 Sqft
Movoto estimate
Rental estimate
Property description
JUST REDUCED! We are pleased to present a 4-Unit multi-family investment opportunity in the prime area of North El Monte. This fourplex features (1) 2-Bed/1-Bath unit, and (3) 1-Bed/1-Bath units. Tenants have access to on-site carport parking and yard space. Each unit is separately metered for gas and electricity. This property offers a substantial 45% potential upside in rental income, making it an attractive prospect for maximizing return on investment. Moreover, the property enjoys the advantage of no local city rent control, giving you the flexibility to reposition tenants with a "substantial remodel" approach in an effort to obtain competitive rental rates, and optimize your investment strategy. One unit to be delivered vacant at the close of escrow.
Listed by
Listing Agent - Kristopher German
Listing Agent Contact: 909-645-0443
Listing Office - RE/MAX 2000 REALTY
Source: CRMLS mls logo
MLS#CV24015480 • last updated 2 years ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1217
Lot Size (SqFt) 5300
Year Built 1962
Interior
Exterior
Building Area Square Feet, 2446
# Carport Spaces 4
# Parking Spaces 4
Lot Description 2-5 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Curbs, Gutters, Sidewalks
Zoning EMR3YY
Directions North Of I-10, West Of I-605; Near The Intersection Of Exline St & Gilman Rd
APN 8549041002
Multifamily Details
Vacancy Allowance 2068
Expense: Trash 2676
Operating Expense 22821
Expense: Insurance 2500
Total Expenses 22821
Expense: Maintenance 3000
Expense: Water/ Sewer 2016
Gross Income 68940
Gross Operating Income 66872
Expense: Electric 204
Gross Scheduled Income 68940
$940K
Range: $827K-$1.05M
Last 30 days 
Rental est.: $1,686/month
Gross rent multiplier: 45.2
  • Jul 2024
    mls logo MLS # CV24015480
  • Jul 3, 2024 Sold
    $915,000
  • May 2, 2024 Pending
    —
  • Mar 20, 2024 Listed
    $950,000 (-2.6%)
  • Mar 5, 2024 Pending
    —
  • Jan 25, 2024 Listed
    $975,000
  • Jul 2024
    Public Records
  • Jul 3, 2024 Sold
    $915,000 (-3.7%)
  • Year Property taxes Tax assessment
  • 2024
    $5,494 +1.6%
    $342,441
  • 2023
    $5,407 +3.7%
    $342,441 +4.04%
  • 2022
    $5,214 -1.8%
    $329,145 +2.0%
  • 2021
    $5,311 +2.8%
    $322,692 +1.04%
  • 2020
    $5,169 +4.5%
    $319,384 +2.0%
  • 2018
    $4,945 +2.5%
    $313,123 +4.04%
  • 2017
    $4,824 +5.6%
    $300,966 +2.0%
  • 2016
    $4,570 +1.1%
    $295,066
  • 2015
    $4,519
    —
  • 3438 Gilman Rd
    $915K
  • River East
    $577K +6% y/y
  • 91732
    $675K -3% y/y
  • El Monte
    $725K 0% y/y
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Statistics calculated by Movoto

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4/10
Mountain View High School
public Grades 9-12
El Monte Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/3/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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