11408 Garvey Avenue, El Monte, California 91732, El Monte, 91732 - bed, bath

11408 Garvey Avenue, El Monte, California 91732 home-pic-0
ACTIVE$890,000
11408 Garvey Avenue, El Monte, California 91732
0Bed
0Bath
2,575Sqft
9,946Lot
Year Built
1948
Close
-
List price
$890K
Original List price
$890K
Price/Sqft
$346
HOA
-
Days on market
-
Sold On
-
MLS number
AR25164257
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $890.0K(50th), sqft - 2575(50th), beds - undefined(50th), baths - undefined(50th).

This mixed-use property offers a rare and versatile investment opportunity in a highly desirable location. Featuring three distinct units, the front space—formerly a barber shop—is zoned for commercial use, while the two rear units provide residential accommodations: one with two bedrooms and one bathroom, and the other with a one-bedroom, one-bathroom layout. While the property does require some repairs, it comes with all necessary permits already in place—saving time and accelerating your renovation or redevelopment plans. Situated near an abundance of shops, dining options, and everyday conveniences, and offering quick access to major freeways, this property is ideally located for both residential and commercial tenants. Set on a generously sized lot with great potential, it’s a prime opportunity to add value and generate returns. Don’t miss out on this exceptional find!

Condition Rating
Poor

The property was built in 1948 and the images show significant deferred maintenance. The kitchen and bathrooms are in poor condition, with visible damage and outdated fixtures. The description also mentions that the property requires repairs. Therefore, a 'poor' condition score is appropriate.
Pros & Cons

Pros

Mixed-Use Zoning: The property's mixed-use zoning provides flexibility for commercial and residential use, appealing to a wider range of potential tenants or owner-occupants.
Multiple Units: Featuring three distinct units (commercial space, 2-bed, and 1-bed residential), the property offers multiple income streams and diversification of risk.
Permits in Place: The property comes with all necessary permits already secured, significantly reducing the time and hassle associated with renovation or redevelopment.
Prime Location: Located near shops, dining, and major freeways, the property offers convenient access for both residential and commercial tenants.
Large Lot Size: The generously sized lot provides ample space and potential for expansion, landscaping, or additional development.

Cons

Requires Repairs: The property is noted to require some repairs, which may deter some buyers or necessitate immediate investment.
Year Built: Built in 1948, the property may have outdated systems or require upgrades to meet modern standards and codes.
As-Is Condition Implied: While not explicitly stated, the need for repairs suggests the property will be sold in as-is condition, potentially shifting the burden of discovery and repair costs to the buyer.

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