24
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Listed by Andy Chan • Keller Williams Realty
$1,575,000
Est. payment /mo
0.51 Acres Lot
New
11353 Thienes AVE South El Monte, CA 91733
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPF25130114
Year Built 1952
Lot Size 0.513 Acres
Source California Regional MLS
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 ma
Location
State CA
County Los Angeles
Area 657 - So. El Monte
Interior
Laundry None
Exterior
Garage Spaces 6.0
Pool None
Building
Water District - Public
Others
Tax ID 8113012014
Special Listing Condition Not Applicable
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