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2354 Valwood, El Monte, CA 91732
Priced at Only: $2,600,000
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Address: 2354 Valwood, El Monte, CA 91732
Property Location and Similar Properties
- MLS#: PF26060823 ( Apartment )
- Street Address: 2354 Valwood
- Viewed: 6
- Price: $2,600,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1960
- Bldg sqft: 0
- Days On Market: 36
- Additional Information
- County: LOS ANGELES
- City: El Monte
- Zipcode: 91732
- Provided by: Keller Williams Realty
- Contact: Andy Andy

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DescriptionDetached 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.
Features
Additional Parcels Description
- 8108024035
Association Fee
- 0.00
Building Area Total
- 7289.00
Commoninterest
- Community Apartment
Common Walls
- 1 Common Wall
Country
- US
Days On Market
- 23
Electric Expense
- 0.00
Garage Spaces
- 2.00
Gardner Expense
- 1800.00
Insurance Expense
- 14600.00
Laundry Features
- Common Area
Lot Features
- 0-1 Unit/Acre
Netoperatingincome
- 84236.00
Number Of Separate Electric Meters
- 10
Number Of Separate Gas Meters
- 10
Parcel Number
- 8108024034
Pool Features
- None
Professionalmanagementexpense
- 6735.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 458974374:CRM
Tenant Pays
- Gas
- Electricity
Totalactualrent
- 14448.00
Totalexpenses
- 84143.00
Trash Expense
- 8028.00
Water Sewer Expense
- 5088.00
Water Source
- Public
Year Built
- 1960
Year Built Source
- Assessor
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Fax: 714.975.9953
- Mobile: 714.478.6676
- salesbyxavier@gmail.com


























