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$1,575,000
Est. payment /mo
2 Beds
2 Baths
0.51 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF25130114
Bedrooms 2
HOA Y/N No
Lot Size 0.513 Acres
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
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 to verify). Generational Ownership: First time on the market in nearly 30 years. R-3 Zoned, Large Lot: Expansive 22,341 SF lot offers potential for future redevelopment or additional ADU potential. Ample Parking: Six dedicated one-car garages with additional on-site parking capacity Pride of Ownership: Meticulously maintained throughout with strong curb appeal
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 to verify). Generational Ownership: First time on the market in nearly 30 years. R-3 Zoned, Large Lot: Expansive 22,341 SF lot offers potential for future redevelopment or additional ADU potential. Ample Parking: Six dedicated one-car garages with additional on-site parking capacity Pride of Ownership: Meticulously maintained throughout with strong curb appeal
Location
State CA
County Los Angeles
Area South El Monte (91733)
Zoning Assessor
Building
Lot Description Curbs
Story 1
Others
Monthly Total Fees $202
Space Rent $1,180
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Listed by Andy Chan • Keller Williams Realty
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