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2822 Gage Avenue, El Monte, California 91733, El Monte, 91733 - bed, bath

2822 Gage Avenue, El Monte, California 91733 home-pic-0
ACTIVE$850,000
2822 Gage Avenue, El Monte, California 91733
0Bed
0Bath
1,550Sqft
4,607Lot
Year Built
1949
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$548
HOA
-
Days on market
-
Sold On
-
MLS number
WS25194897
Home ConditionFair
Features
Good View: Neighborhood
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $850.0K(50th), sqft - 1550(50th), beds - undefined(50th), baths - undefined(50th).

Prime Mixed-Use Opportunity in the Heart of El Monte! Rare chance to own a corner lot property with two freestanding units, perfect for an owner-user setup or pure investment income. 2822 Gage Ave features a spacious 3-bedroom single-family home with a converted garage that can accommodate up to 4 additional rooms and 2 bathrooms. The home offers a large yard with covered patios in both front and rear, plus convenient yard access directly from Gage Ave. Recent upgrades include a new roof, updated electrical panel, and modernized plumbing, ensuring peace of mind for years to come. Ideal for those needing ample parking, the surrounding streets are rarely congested. Property will be delivered vacant. The front commercial unit, currently occupied by a legal services business, offers an open workspace with a private bathroom, efficient ductless HVAC system, and a covered side yard—perfect for outdoor meetings or client gatherings. Whether you’re looking to live in one unit and lease the other or capitalize on dual rental income, this property checks all the boxes.

Price History

Date
Event
Price
08/29/25
Listing
$850,000
Condition Rating
Fair
Built in 1949, the property benefits from recent major system upgrades including a new roof, updated electrical panel, and modernized plumbing. However, the interior finishes, particularly the kitchen with its dated cabinets and flooring, the older tiled living area, and a bedroom showing significant wear and peeling paint, indicate a need for cosmetic updates and repairs. While functional, the aesthetic components are largely outdated, preventing a 'Good' rating which implies move-in ready with no immediate renovation required.
Pros & Cons

Pros

Mixed-Use Opportunity & Income Potential: This property offers a rare mixed-use setup with two freestanding units, providing flexibility for an owner-user to live and work, or capitalize on dual rental income from both residential and commercial spaces.
Recent Major System Upgrades: Significant capital improvements including a new roof, updated electrical panel, and modernized plumbing have been completed, reducing immediate maintenance concerns and offering peace of mind for a new owner.
Corner Lot with Ample Parking: Positioned on a corner lot, the property benefits from enhanced visibility and access, complemented by rarely congested surrounding streets that provide ample parking for residents and clients.
Vacant Residential Unit: The residential unit will be delivered vacant, offering immediate occupancy for an owner or the flexibility to select new tenants without the complexities of existing leases or eviction processes.
Expanded Residential Space: The residential unit features a converted garage that can accommodate up to 4 additional rooms and 2 bathrooms, significantly increasing usable living space and potential rental income.

Cons

Age of Property & Potential for Further Updates: Built in 1949, while major systems are updated, other components of the property may still be original or older, potentially requiring future investment in modernization or maintenance beyond the recent upgrades.
Commercial Unit Occupancy Status: The commercial unit is currently occupied by a legal services business, meaning a new owner would inherit an existing tenant and lease terms, which could limit immediate flexibility for re-purposing or occupying that specific space.
Unspecified Legality of Garage Conversion: The description mentions a converted garage adding significant rooms and bathrooms, but does not explicitly state if this conversion is fully permitted, which could pose potential legal or structural liabilities.

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