2354 Valwood Ave El Monte, CA 91732

The property at 2354-64 Valwood Avenue presents a compelling investment opportunity, featuring a detached house and 9 units situated on two contiguous parcels totaling 23,636 square feet. Zoned R-1, the property comprises eight single-story, bungalow-style buildings. Constructed in 1960 and 1963, the property has been meticulously maintained. The unit mix includes six 1-bedroom/1-bathroom units, three 2-bedroom/1-bathroom units, and one 4-bedroom/2-bathroom single-family residence. Located in the Mountain View area of El Monte, it offers convenient access to the 10, 60, and 605 Freeways, shopping, dining, and public transportation. On-site parking is available for tenants. Units are individually metered for gas and electricity, while the landlord is responsible for water and trash. 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. The two-parcel configuration and R-1 zoning may offer potential for ADU development, subject to buyer verification. The property 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.