2354 Valwood Ave - Multi-Family FOR SALE


El Monte, CA 91732- Mountain View
$2,600,000 USD
213-943-1897
2354 Valwood Ave, El Monte, CA for Sale
$2,600,000 USD
Multi-Family - FOR SALE
1/16
null | 3.24% Cap Rate

2354 Valwood Ave
El Monte, CA 91732
Mountain View


HIGHLIGHTS

  • Ten units across eight bungalow-style buildings: (6) 1BD/1BA, (3) 2BD/1BA, and (1) 4BD/2BA detached SFR.
  • In-place rents are approximately 35% below market, offering substantial income growth through renovation and lease-up
  • Expansive 23,636 SF combined lot on two parcels with potential ADU development opportunities. Buyer to verify
  • Tenants pay for gas and electricity. The owner pays for trash and water
  • Situated in El Monte's Mountain View neighborhood with convenient access to the 10, 60 and 605 Freeways, shopping, and public transit
  • Single-story, bungalow-style buildings with on-site parking, well cared for by current ownership

OVERVIEW

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 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 1960 and 1963, 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. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. For best response time, please reach out via email or text: Andy Chan Mobile: (626) 321-7410 Eamil: andyyanchan@gmail.com

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$357 USD /SF

# OF UNITS

10

PRICE/UNIT

$260,000

CAP RATE

3.24%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10-Units in El Monte | 23,636 SF Lot

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,636 SF

ZONING

R1

APN/PARCEL ID

8108-024-034,8108-024-035

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.