9734 Rio Hondo Parkway, El Monte, CA 91733

Property Description

This well-maintained four-unit property offers a highly desirable unit mix and strong upside potential. All the units have undergone major upgrades over the years. The owner replaced the original roof in 2012 and installed new windows for all units at that time. There have also been ongoing updates, including some newer kitchen cabinets and bathroom improvements, such as new tubs. The first and second units are fully detached from each other, providing added privacy. For the vacant unit which is the 2nd unit (9734 1/2), a full remodel was completed. This unit features a brand-new roof, brand new windows, a brand-new electrical meter, a new heater, and extensive interior and exterior upgrades, including a completely new interior. it will allow the new owner the opportunity to either occupy the unit or lease it at a significantly higher market rent due to its like-new condition. The third unit features its own private two-car garage along with a dedicated yard, while the fourth unit also offers a private yard with excellent backyard privacy. The property is located in a fast-growing neighborhood with convenient access to downtown and the southern areas. The street is paved and includes sidewalks, contributing to a pleasant residential environment. Total potential income can approach approximately $9,000 per month. Current rents are below market, giving the new owner flexibility to adjust rents over time. With low operating expenses, this property presents an excellent opportunity for both investors and owner-users seeking long-term value and income growth.