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SB79 - 18-Unit Multifamily Investment Property - Stabilized Cash Flow + Major Transit-Oriented Redevelopment Potential. Built in 1968, this single-story apartment building (all studios, approximately 400 sq ft each) sits on a flat, rectangular lot with gated access, carport/open parking, on-site laundry income, separate electric meters, and an on-site manager unit. Currently producing strong cash flow with owner-reported average rents of approximately $1,050 per unit (well below current El Monte studio market rents of $1,272-$1,575). Strategically located just 0.48 miles (straight-line) from El Monte Station (Metrolink commuter rail + Metro J Line BRT). This transit-adjacent site is zoned EMR-4 (high-density multifamily) and positioned for potential intensification under SB 79 (Abundant & Affordable Homes Near Transit Act, effective July 1, 2026), which may allow ministerial approvals for higher density, height, and reduced parking standards in qualifying TOD zones. Ideal for value-add investors or developers seeking to maximize equity through redevelopment (60-75+ units possible with incentives). Buyers and buyer's agents must independently verify EVERY detail including (but not limited to) unit sizes, actual rents/expenses, zoning, environmental conditions, flood zone status, tenant estoppels, SB 79 eligibility (requires professional survey confirmation), and all legal/financial aspects. No representations or warranties are made by the seller, listing agent, or any party. Property is presented "AS-IS, WHERE-IS."
Property Type(s):
Commercial
| Last Updated | 3/15/2026 | Year Built | 1968 |
|---|---|---|---|
| Community | 619 - El Monte | County | Los Angeles |
Additional Details
| AREA | 619 - El Monte |
|---|---|
| LOT | 0.6149 acre(s) |
| LOT DIMENSIONS | 26785 |
| STORIES | 1 |
| WATER | See Remarks |
Location
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Listed with Imax Realty & Mortgage Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. 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. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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