24
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$1,575,000
Est. payment /mo
2 Beds
2 Baths
Active Under Contract
11353 Thienes Avenue South El Monte, CA 91733
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID PF25130114
Bedrooms 2
Property Sub-Type Res Income 2-4 Units
Property Description
11353 Thienes Avenue in South El Monte is a rare opportunity to acquire six units comprising three meticulously maintained, separate, single-story bungalow-style duplexes on a large 22,341 SF R-3 zoned lot. The asset has been owned and managed by the same family with pride of ownership for nearly 30 years. The asset offers significant upside through its large R-3 zoned lot and potential ADU expansion. The unit mix consists of six 1bdr/1bathroom units. Although all the units are legal 1bdr/1bathroom units, one of the units is operating as a 2bdr/1bathroom unit. Additionally, there is a 7th Unit, which is a non-conforming 1bdr/1bathroom unit (Unit 11349.5) that is currently offline. Plans were previously approved by the City to legalize this unit at a rough cost of $80,000, which presents a clear path to potentially creating a seventh income-producing unit. Buyer to verify. The asset offers six one-car garages. Units are individually metered for gas & electricity, which tenants pay for. Landlord pays for water and trash. The spacious lot, abundant parking, and R-3 zoning offer longer-term redevelopment potential or the opportunity to add more units through the ADU program. This asset has been meticulously cared for and is a pride of ownership property in a high-demand rental market. It is ideal for investors seeking stability with growth potential. Highlights Bungalow-Style Units: Three single-story duplexes totaling 6 units. Path to Legalizing 7th Unit: Includes additional offline, non-conforming 1Bdr/1Bath 7th unit previously approved by the City for ADU conversion (Buyer
Location
State CA
County Los Angeles
Zoning Assessor
Direction From the 10 Freeway, go South on Peck Rd, South on Durfee Avenue, then South on Thienes Avenue.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 8113012014
Listed by Andy Chan Keller Williams Realty