3903 Gilman Road
El Monte, CA, 91732
$1,188,800
MLS: CV23205066
Beds
2
Baths
1
Sq Ft
1,050
Lot
0.50 ac
Year Built
1950
MLS #
CV23205066
Days on Market
309
Listed
Nov 4, 2023
Description
Attention all investors , developers, and builders: Come see this amazing property consisting of a 2 bedroom 1 bath, House plus a converted 1 bedroom 1 bath garage sitting on a huge 1/2 Acre = 21,669 square feet LOT located in a prime area of El Monte surrounded by new developments! The city will allow you to do a Subdivision / Tract Map / PUD / Apartment Building to build 5 brand new Houses, PUDs, Condos, Townhouses, (each unit should easily sell around $800K + each) or multiple apartments. Please look at the adjoining and surrounding lots . What a better way to address the housing shortage while making a nice profit.
Location
El Monte, Los Angeles County, CA 91732
Open on Google Maps ↗Listed by: Cesar Navarro · RE/MAX MASTERS REALTY
Payment estimate
$8,558
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $118,880 · Loan: $1,069,920
- Principal & Interest
- $6,574
- Property tax (1.25%)
- $1,238
- Homeowners insurance
- $300
- Mortgage insurance
- $446
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this El Monte home with as little as 3.5% down using an FHA loan — roughly $41,608 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See El Monte, CA 91732 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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