Property Detail

Description

Detached House and 9 Single-Story, Bungalow-Style Units on Two Contiguous Parcels Totaling 23,636 SF Zoned R-1 2354-64 Valwood Avenue is a compelling investment opportunity comprising a Detached House and 9 units across eight single-story, bungalow-style buildings situated on two contiguous parcels (APNS: 8108-024-034, 8108-024-035) totaling 23,636 SF zoned R-1. The property features a desirable unit mix anchored by a large 4-bedroom/2-bathroom single-family residence, making it attractive to a broad tenant base. The buildings were constructed in 1943 and 1960, and the property has been meticulously maintained by its current ownership. This is a generational asset that has been owned within the same family for several decades. This is the first time the property has been offered for sale. It is conveniently located in the Mountain View area of El Monte with easy access to the 10, 60 and 605 Freeways, shopping, dining, and public transportation while maintaining a quiet residential setting for tenants. The unit mix consists of (6) 1-bedroom/1-bathroom units, (3) 2-bedroom/1-bathroom units, and (1) 4-bedroom/2-bathroom single-family residence. The current rent roll reflects significant loss-to-lease, with in-place rents approximately 35% below market, presenting substantial upside through a strategic renovation and lease-up program. On-site parking is provided for tenants. Units are individually metered for gas and electricity. The landlord pays for water and trash. The two-parcel configuration and R-1 zoning may offer potential for ADU development, subject to buyer verification. With a strong unit mix featuring a large single-family residence, significant rent upside, well maintained single-story, bungalow style units across two contiguous parcels, 2354-64 Valwood Avenue is ideal for value-add investors seeking immediate cash flow with meaningful near-term income growth through renovation and lease-up to market rents in addition to a value-add ADU strategy.