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2354 Valwood Ave - 10-Units in El Monte | 23,636 SF Lot 10 Unit Apartment Building Offered at $3,577,132 CAD at a 3.24% Cap Rate El Monte, CA 91732
Investment Highlights
- Ten units across eight bungalow-style buildings: (6) 1BD/1BA, (3) 2BD/1BA, and (1) 4BD/2BA detached SFR.
- Expansive 23,636 SF combined lot on two parcels with potential ADU development opportunities. Buyer to verify
- Situated in El Monte's Mountain View neighborhood with convenient access to the 10, 60 and 605 Freeways, shopping, and public transit
- In-place rents are approximately 35% below market, offering substantial income growth through renovation and lease-up
- Tenants pay for gas and electricity. The owner pays for trash and water
- Single-story, bungalow-style buildings with on-site parking, well cared for by current ownership
Executive Summary
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
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
Data Room Click Here to Access
Property Facts
| Price | $3,577,132 CAD | Property Type | Multifamily |
| Price Per Unit | $357,713 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Lot Size | 0.54 AC |
| Cap Rate | 3.24% | Building Size | 7,289 SF |
| Gross Rent Multiplier | 15 | No. Stories | 1 |
| No. Units | 10 | Year Built | 1960 |
| Zoning | R1 | ||
| Price | $3,577,132 CAD |
| Price Per Unit | $357,713 CAD |
| Sale Type | Investment |
| Cap Rate | 3.24% |
| Gross Rent Multiplier | 15 |
| No. Units | 10 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.54 AC |
| Building Size | 7,289 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Zoning | R1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 3 | - | - |
| 4+2 | 1 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $968,514 CAD | |
| Land Assessment | $973,968 CAD | Total Assessment | $1,942,482 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$973,968 CAD
Improvements Assessment
$968,514 CAD
Total Assessment
$1,942,482 CAD
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2354 Valwood Ave - 10-Units in El Monte | 23,636 SF Lot
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