First time on the market in over 30 years, 3641 Durfee presents a rare investment opportunity in the heart of El Monte. Situated on approximately half an acre, this well-maintained income property features 13 fully leased units consisting of one detached single-family home and three fourplex buildings.
Designed for low-maintenance ownership, the property offers predominantly concrete grounds with minimal landscaping expenses, supporting efficient long-term operations and reduced upkeep costs. Additional value-add potential may exist through future ADU development over the carport area and possible conversion of the existing laundry room, providing opportunities to further enhance cash flow and overall ROI.
Under current OBBB bonus depreciation provisions, qualifying site improvements such as concrete parking and driveway areas may offer favorable first-year depreciation treatment for eligible buyers, subject to buyer verification with their tax advisor and cost segregation analysis.