2840 Allgeyer Ave

This spacious 22,532 square foot lot offers an attractive investment opportunity with seven potential rental units in the city of El Monte.

The property currently includes five vacant units, plus pre-site plans for two additional ADUs. This property will provide an incredible rental income stream. Five Vacant Units Front Building (2840 & 2840 ½): 1,253 sq ft, featuring a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit. Middle Unit: 600 sq ft with a 1-bedroom, 1-bath layout. Left Unit: 540 sq ft with a 1-bedroom, 1-bath layout. Rear Unit: 418 sq ft with a 1-bedroom, 1-bath layout. Development Potential: Plans for two ADUs (1,000 sq ft each) and a third 800 sq ft building, for a total of 7 rental units on the property. Whether you're an investor looking for an exciting development project or a buyer seeking immediate rental income, this property offers both options. The units are ready for renovation. Don t miss out on this great opportunity to invest in the potential of this large lot with room to grow.

This home located at 2840 Allgeyer AVE is currently active and has been available on pardeeproperties.com for 4 days. This property is listed at $1,500,000. It has 6 beds and 5 bathrooms. The property was built in 1944. 2840 Allgeyer AVE is in the El Monte community of Los Angeles County.

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