4159 Gilman Road

El Monte CA 91732

12173 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Prime 5-Unit Value-Add Investment in Rapidly Gentrifying West SGV area (No Local Rent Control) | Highly Desirable Layout SFR + Fourplex | Major CAPEX have been completed (Roof, Electrical, Sewer, and Plumbing) | First Time on Market in 21 Years. SB721 Balcony Inspection passed. For the first time in over two decades, 4159 Gilman Rd., a 5-unit value-add investment opportunity in one of El Montes most rapidly gentrifying neighborhoods. Situated on a sprawling 12,100+ SF R3 lot, this unique 5-unit property features an ideal layout comprising a large single-family home in the front and a detached fourplex in the rear. This offering provides a 5.47% In-place CAP Rate with a clear upside to take it to 7.54% Proforma CAP Rate. The property was built in 1946 and consists of 2 buildings, a front single family house, and a fourplex. The property boasts a superb unit mix of all two-bedroom units, including a front house with a bonus den, and offers substantial upside potential through ADU development and laundry income. The property has undergone significant and major recent capital expenditures, including a new roof, upgraded electrical panels, a re-sleeved sewer line, a replaced main water line, and most recently a driveway recoat significantly limiting future deferred maintenance. Most of these upgrades were completed in 2024. Two of the units in the back have been completely upgraded in 2024 with permits. Each unit has their own private backyard or side yard or deck. Located in a quiet, predominantly single-family neighborhood surrounded by new townhouse developments, the property is highly attractive to local renters. With no local rent control (subject only to CA AB 1482) and a strategic location providing consistent demand for rental unit, this asset offers the perfect blend of immediate stability and long-term wealth creation. The property has a total of 10 parking spaces (with extra land to park more). There is no parking soft story retrofit requirement in El Monte. Each unit is separately metered for electricity and gas. There is a laundry room without any machine new owner can add coin-operated laundry machines to generate additional income. 4159 Gilman Rd benefits from a highly strategic location in one of El Montes most rapidly transforming residential neighborhoods. Tenants are drawn to this pocket for its quiet, tree-lined streets, while still enjoying immediate access to major employment hubs, top-tier retail, +excellent transit.

Features

4 bedrooms

2 bathrooms

12173 sq. ft. lot size

Multi-Family

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