11139 Kauffman StEl Monte, CA 91731

This exceptional investment opportunity presents an eight-unit multifamily property situated on a 15,300 square foot lot in El Monte, California. The property, built in 1940 and 1944, consists of five buildings with two stories each, offering a mix of studio, one, two, and three-bedroom units. Currently boasting 100% occupancy and generating a Net Operating Income (NOI) of $85,439, a pro-forma NOI of $121,102 is projected, representing a significant upside potential. The asking price is $1,825,000, translating to $260,714 per unit and $443.61 per square foot. The property features on-site laundry facilities, private patios or yards, mature landscaping, and ample parking, including garage parking and/or storage in some units. Several units have been renovated with modern cabinetry and vinyl wood plank flooring. All units include functional kitchens and security screen doors. Conveniently located near the 10 Freeway and Metrolink El Monte Train Station, the property benefits from proximity to numerous shops, restaurants, and entertainment options. The strong rental market in El Monte, combined with the potential for a 26% rental increase, makes this a compelling value-add investment opportunity for both seasoned investors and first-time buyers, including those seeking 1031 exchange opportunities. The property's location within the San Gabriel Valley provides easy access to major freeways and numerous attractions, including the Huntington Library, Rose Bowl, and Dodger Stadium. This property offers a stable rental market and a strong potential for long-term growth.