3903 Gilman Road El Monte, CA 91732

Listing agency RE/MAX MASTERS REALTY r***@mastersrealestate.com Show Phone

Listed by Cesar Navarro · License #01250916 Show Phone

Added: Nov 1, 2023 Updated: Jul 6 at 3:37PM Checked: Jul 21 at 8:06AM

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MLS# CV23205046

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Investment Insights

Based on property information with market context.

This property features a single-family residence with two bedrooms and one bathroom, along with a converted one-bedroom, one-bathroom garage. The expansive 21,669 square foot lot, approximately 0.497 acres, is situated in a prime area of El Monte, surrounded by new developments. The EMR3YY zoning allows for a Subdivision, Tract Map, PUD, or Apartment Building, offering the potential to construct up to 5 new houses, PUDs, condos, townhouses, or apartments. This property presents an opportunity to address the housing shortage.

Key Highlights

• Large 21,669 sq ft lot in a prime El Monte location.
• Development potential: Subdivision/Tract Map/PUD/Apartment Building possible.
• City allows building 5 new houses, PUDs, condos, townhouses, or apartments.

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FAQs

What type of property is this?

Residential land & home lot - Large lot in El Monte suitable for development.

Where is this residential land & home lot located?

The property is located at 3903 Gilman Road El Monte, CA.

What is the asking price?

The asking price for this property is $1,188,800.

What are key features of this property?

This property features: Large 21,669 sq ft lot in a prime El Monte location.; Development potential: Subdivision/Tract Map/PUD/Apartment Building possible.; City allows building 5 new houses, PUDs, condos, townhouses, or apartments.