2843 Meeker, El Monte, CA 91732
List Price: $1.67M
Listing Status: Active
Original List Price: $1.8M
0Days on Market: 86
3 Bedrooms · 2 Bathrooms · 3,065 sq ft
Property Type: Residential
Year Built: 1934
Lot Size: 12,313 sq ft
Garage Spaces: 2
Private Pool: Yes
MLS Number: AR26012775
About This Property
Excellent investment opportunity with good CAP rate. This income-producing corner lot offers a rare combination of residential and commercial uses with strong, stable cash flow. The property features a commercial duplex with prime Garvey Avenue frontage located at 11534 Garvey Ave. One unit is occupied by a long-established hair salon that has successfully operated at this location for many years another commercial occupy as religious room. Located behind the commercial building is a tenant-occupied single-family residence at 2843 Meeker Ave. Separate utility meters for the residential and the commercial units. In addition, a large rear lot is currently leased to a nearby auto shop for parking, providing supplemental rental income. Both the commercial duplex, the residential unit, and leased lot contribute to consistent monthly revenue. All tenants are on month-to-month leases, offering flexibility for future repositioning, redevelopment, or rent adjustments. This well-sized corner lot presents strong upside potential and multiple value-add opportunities, making it ideal for investors seeking both immediate income and long-term growth.