Sold
Last Sold Price
5 beds4 baths2,446 sqft$374/sqft
3438 Gilman Rd, El Monte, CA 91732
Multi FamilyProperty Type
5,300 sq ftLot Size
1962Year Built
$374/sq ftPrice per sq ft
4 carsParking Spaces

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...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: Kristopher German DRE #01800021 Brokerage DRE #01264629 • RE/MAX 2000 REALTY 909-645-0443
Listing closed: 07/03/2024 12:00 AM • Source: CRMLS, MLS#: CV24015480

Location

Listing Courtesy of RE/MAX 2000 REALTY, Kristopher German, DRE #01800021

Sold By MARY JANE BROSOWSKE, BROKER, Kelly Ngo, DRE #02037711

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Property Taxes

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Property Information for 3438 Gilman Road

Property Details
  • MLS Type: Residential Income / Res Income 2-4 Units
  • Parking Spaces Total: 4
  • Private Pool: No
  • Total Units: 4.0
  • Building Type: Attached
  • Lot Size Source: Assessor
  • Living Area: 2446
  • Assessor Parcel Number: 8549-041-002
  • Property Attached YN: true
  • Common Walls: 2+ Common Walls
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 2446
  • Building Area Units: Square Feet
  • Stories Total: 2
  • Entry Level: 1
  • Pool: No
  • Association: No
  • Association Fee: $.00
  • Zoning: EMR3YY
  • Senior Community: No
  • Parcel Number: 8549041002
  • Area: El Monte (619)
  • Directions: North of I-10, West of I-605; Near the Intersection of Exline St & Gilman Rd
Building Information
  • Building/Complex: 3438 Gilman Rd
  • Stories: 2
  • Year Built: 1962
Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $68,940
  • Gross Scheduled Income: $68,940
  • Vacancy Allowance: 2068
  • Gross Operating Income: $66,872
  • Net Operating Income: $44,051
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $22,821
  • New Taxes Expense: $12,425
  • Electric Expense: $204
  • Insurance Expense: $2,500
  • Maintenance Expense: $3,000
  • Trash Expense: $2,676
  • Water Sewer Expense: $2,016
  • Total Expenses: $22,821
Tax / Assessment Info
  • Tax Block: A
  • Tax Tract Number: 10770
  • Tax Census Tract: 4333.07
  • CFD/Mello-Roos Fee: $1,002
  • Tax Lot: 7
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Washer Hookup
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 4
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,475
  • Unit Type Total Rent: $1,475
  • Unit Type Pro Forma: 1995
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,795
  • Unit Type Total Rent: $1,795
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,375
  • Unit Type Total Rent: $1,375
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 3438 Gilman Road

DateEvent & SourcePriceAppreciation
Jul 3, 2024

Sold

CRMLS #CV24015480

$915,000
Jul 3, 2024

Sold

SDMLS #CV24015480

$915,000
Jul 3, 2024

Sold

CLAW #CV24015480MR

DateEvent & SourcePrice
07/03/2024

Sold

CRMLS #CV24015480

$915,000
07/03/2024

Sold

SDMLS #CV24015480

$915,000
07/03/2024

Sold

CLAW #CV24015480MR

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3438 Gilman Road

Taxable ValueLand$513,060Additions$420,240Total$933,300
Tax Record2025$13,581 ($1,132 / month)
Home Facts
Baths4Total Finished SqFt2,446 SqFtAbove Grade Finished SqFt2,446 SqFtStories2Lot Size5,343 SqFtStyleQuadraplexYear Built1962Year Renovated1962ZoningEMR3YYCountyLOS ANGELESAPN8549-041-002

Schools near 3438 Gilman Road

This home is within El Monte Union High School District.
Rating
School
Type
Grades
Distance
Public - 3 to 8
Public - 9 to 12
Public - 9 to 12
Public - 10 to 12
Rating
School
Distance
Twin Lakes Elementary School
Public3 to 8

Mountain View High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX 2000 REALTY, Kristopher German, DRE #01800021

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.