$1,249,000
Est. payment /mo
8 Beds
4 Baths
Active
3452 Durfee Avenue El Monte, CA 91732
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF25171759
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
Property Description
3452 Durfee Avenue is a rare investment opportunity comprising 5 units on a large 15,327 SF lot zoned R-3. Its large lot offers ADU potential for expansion or redevelopment. The asset was built in 1947, and this is the first time it has been marketed for sale in over two decades. It has been owned and managed by the same family with pride of ownership during this time. It is located across from Jerry Voorhis Elementary School, which is beneficial for tenants who have young families. It is also strategically located with convenient access to the 10 Freeway yet far enough to preserve a quiet living atmosphere for tenants. The unit mix consists of (1) 3bdr/1bathroom House, (1) 2bdr/1bathroom House, (1) 2bdr/1bathroom unit, and a duplex that comprises (2) 1bdr/1bath units. These units are separated into four bungalow-style buildings. Each building has a pitched, shingled roof. There are 11 total parking spaces made up of (1) detached two-car garage, (2) one-car garages, and (7) dedicated surface parking spots. There is ample space for additional parking. The detached garage is worth exploring possible ADU conversion. Buyer to verify. Units are separately metered for utilities. Tenants pay for gas and electricity. Landlord pays for water and trash. The spacious lot, separated building layout, 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 well cared for and is in a high-demand rental market. It is ideal for investors seeking a stable, dense tenant base with long-term red
Location
State CA
County Los Angeles
Zoning Assessor
Direction Take 10E, exit Peck Rd., merge onto Asher, Left onto Garvey Ave., take Exline St. to Durfee Ave. Turn left onto Durfee Ave.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 8549010033
Listed by Andy Chan Keller Williams Realty