2307 Continental Avenue

South El Monte, CA 91733

  • 0 Bed(s)
  • 0 Bath(s)
  • 6,534 Sqft
  • 18062
    Sqft(Lot)
$2,600,000

Description

Seller financing at 20% downpayment, 5.75% interest only for 10 years. 2307 continental avenue in south el monte is being offered for sale for the first time in over four decades. it comprises eight single-story, bungalow-style units on a large 18,062 sf lot zoned r-3. it is offered with attractive it is a generational asset that offers strong cash flow, possible redevelopment potential, and attractive seller financing.



the property consists of two freestanding units in the front and six units in the back. they are all single-story, bungalow-style units. there are seven 2bdr/1bath units. one unit is a legal 1bdr/1bath unit operating as a 2bdr/1bath unit. it may be possible to legalize this unit through the adu program. buyer to verify.



there are 8 dedicated covered parking spaces. however, the driveway has ample room to fit several more cars comfortably. it is independently metered for gas and electricity, and there are in-unit washer and dryer hookups. although there have not been recent capital expenditures to the roof, electrical, or plumbing, the driveway was repaved two years ago at the cost of nearly $12,000. the buildings are of wood & stucco composition and have pitched roofs. units utilize wall air-conditioning/heating units. the owner pays for water, sewer, trash and common area electricity. tenants pay for their own gas and electricity usage.

2307 continental avenue represents a rare opportunity to acquire a generational asset with a desirable unit mix of a majority 2bdr 1bath single-story, bungalow-style units on an 18,026 r-3 zoned lot with ample parking. the asset yields strong-in place rental income in a tenant-dense submarket. a prospective buyer may benefit from the attractive seller financing offered by acquiring the property with only 20% downpayment at 5.75% interest only for 10 years.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49552845

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: None

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1960
    • Building Area Total: 6,534

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Gas Dryer Hookup

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.4146
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 18062

  • Listing Price Information

    • Original List Price: 2,600,000
    • Listing Contract Date: 2025-02-20

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 8104023002

  • Garage and Parking

    • Garage Description: Covered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 657 - So. El Monte
    • Postal Code Plus 4: 2728
    • Directions: South on Santa Anita Ave., East on Klingerman, South on Continental Ave.
    • Zoning: SER3*
    • Source Property Type: Residential Income
    • Area: 657 - So. El Monte
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 65
    • Common Walls: No Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 05/06/2025 @ 00:35

  • MLS: PF25094533
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 6,534 sqft, 18,062 sized lot, and 0 parking. are nearby neighborhoods.