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 to verify).
• Generational Ownership: First time on the market in nearly 30 years.
• R-3 Zoned, Large Lot: Expansive 22,341 SF lot offers potential for future redevelopment or additional ADU potential.
• Ample Parking: Six dedicated one-car garages with additional on-site parking capacity
• Pride of Ownership: Meticulously maintained throughout with strong curb appeal
Get a detailed valuation report, schedule a tour or make an offer!
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$16,761
TurboHome Estimated Value
$1,346,200
$378 sqft
High Valuation
$1,413,510
$396/sqft
Normal Valuation
$1,346,200
$378/sqft
Low Valuation
$1,278,890
$359/sqft
3rd Party Estimates
Source | $/sqft | Valuation |
---|---|---|
HouseCanary | $378/sqft | $1,346,200 |
Get a detailed valuation report, schedule a tour or make an offer!
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
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