24
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$1,500,000
$1,575,000 4.8%
Est. payment /mo
2 Beds
Sold on 07/28/2025
11353 Thienes Avenue South El Monte, CA 91733
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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PF25130114
Bedrooms 2
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
Location
State CA
County Los Angeles
Zoning Assessor
Exterior
View Y/N No
Building
Story 1
Listed by Andy Chan Keller Williams Realty
Bought with Sophie Cheang Re/Max Top Producers
Bought with Sophie Cheang Re/Max Top Producers
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