Excellent investment opportunity in the City of El Monte. This income-producing property features 7 rental units across 6 buildings situated on a spacious 26,248 SF lot, offering a rare combination of current cash flow and long-term upside potential.
Ownership has recently completed full renovations on four units, including new kitchens, updated bathrooms, new flooring, fresh interior paint, and modern finishes, significantly enhancing tenant appeal and rental value. The property provides stable rental income with additional upside through future rent growth.
Conveniently located near shopping centers, restaurants, schools, public transportation, and major freeways, this property benefits from strong rental demand and excellent accessibility.
The expansive 26,248 SF lot adds significant long-term value and may offer opportunities for future expansion, redevelopment, or additional improvements, subject to buyer verification and approval from the City of El Monte.
A rare opportunity for investors seeking immediate income, value-add potential, and long-term appreciation in one of the San Gabriel Valley’s most desirable rental markets. Property is being sold in its present AS-IS condition. Buyer to independently verify all property information, including unit count, square footage, zoning, permits, and future development potential.
For sale
Listed by: RE/MAX Premier Properties • GUIFENG PENG • Contact: 618-808-6666
$2,988,000
3840 Baldwin Ave, El Monte, CA 91731
13beds
10baths
4,236sqft
Mixed Use
Built in 1951
-- sqft lot
$-- Zestimate®
$705/sqft
$-- HOA
What's special
Modern finishesNew flooringFresh interior paintNew kitchensUpdated bathrooms
- 72 days
- 98
- 0
Zillow last checked:
Listing updated:
Listed by:
GUIFENG PENG DRE #02160587 618-808-6666,
RE/MAX Premier Properties
Source: CRMLS,MLS#: WS26128184
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 10
Heating
- Natural Gas, Wall Furnace
Appliances
- Included: Gas Range
- Laundry: Washer Hookup, Inside
Features
- Has fireplace: Yes
- Fireplace features: Gas
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 4,236
- Total interior livable area: 4,236 sqft
Property
Features
- Entry location: 1
- Pool features: None
- Spa features: None
Lot
- Size: 0.6 Acres
- Features: 11-15 Units/Acre, Back Yard, Front Yard
Details
- Parcel number: 8578008027
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
Condition
- New construction: No
- Year built: 1951
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Sidewalks
Location
- Region: El Monte
Financial & listing details
- Price per square foot: $705/sqft
- Tax assessed value: $1,804,051
- Date on market: 6/18/2026
- Listing terms: Cash,Cash to New Loan,1031 Exchange
Estimated market value
Not available
Estimated sales range
Not available
$1,639/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Listed for sale | $2,988,000+75.8%$705/sqft |
Source: | ||
| 5/18/2023 | Sold | $1,700,000+20.1%$401/sqft |
Source: Public Record Report a problem | ||
| 11/28/2018 | Sold | $1,415,000$334/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,804,051 +2% |
| 2025 | $26,125 +5.2% | $1,768,679 +2% |
| 2024 | $24,845 +12.8% | $1,734,000 +14.3% |
| 2023 | $22,017 +4.5% | $1,517,162 +2% |
| 2022 | $21,074 -1.4% | $1,487,415 +2% |
| 2021 | $21,364 +0.3% | $1,458,251 +1% |
| 2020 | $21,291 | $1,443,300 +2% |
| 2019 | $21,291 +236.8% | $1,415,000 +341.7% |
| 2018 | $6,322 | $320,369 +2% |
| 2017 | $6,322 +2.6% | $314,088 +2% |
| 2016 | $6,162 +2.5% | $307,931 +1.5% |
| 2015 | $6,013 +3.7% | $303,306 +2% |
| 2014 | $5,801 | $297,366 +5.3% |
| 2010 | -- | $282,404 +14.4% |
| 2002 | -- | $246,762 +4% |
| 2000 | -- | $237,182 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 91731
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