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Listed by Kai Kyi, DRE #01986720 • Wetrust Realty
$1,668,000
Est. payment /mo
0.28 Acres Lot
Price Dropped by $10K
2843 Meeker El Monte, CA 91732
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR26011009
Year Built 1934
Lot Size 0.283 Acres
Property Sub-Type Triplex
Source California Regional MLS
Property Description
Excellent investment opportunity with good CAP rate. This income-producing corner lot offers a rare combination of residential and commercial uses with strong, stable cash flow. The property features a commercial duplex with prime Garvey Avenue frontage located at 11534 Garvey Ave. One unit is occupied by a long-established hair salon that has successfully operated at this location for many years another commercial occupy as religious room. Located behind the commercial building is a tenant-occupied single-family residence at 2843 Meeker Ave. Separate utility meters for the residential and the commercial units. In addition, a large rear lot is currently leased to a nearby auto shop for parking, providing supplemental rental income. Both the commercial duplex, the residential unit, and leased lot contribute to consistent monthly revenue. All tenants are on month-to-month leases, offering flexibility for future repositioning, redevelopment, or rent adjustments. This well-sized corner lot presents strong upside potential and multiple value-add opportunities, making it ideal for investors seeking both immediate income and long-term growth.
Location
State CA
County Los Angeles
Area 619 - El Monte
Interior
Heating Wall Furnace
Laundry Gas Hookup, 30
Exterior
Parking Features Garage
Garage Spaces 2.0
Pool None
Roof Type Shingle
Building
Story One Story
Foundation Raised
Water District - Public
Others
Tax ID 8105006006
Special Listing Condition Not Applicable
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