3544 Granada Avenue, El Monte, California 91731, El Monte, 91731 - bed, bath
ACTIVE$1,950,000
3544 Granada Avenue, El Monte, California 91731
0Bed
0Bath
6,000Sqft
14,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Diverse Income Streams & Mixed-Use Zoning: The property comprises two adjacent parcels with a duplex, two commercial office units, and a separate house, offering multiple revenue streams and the flexibility of mixed-use zoning.
Top Cons:
Advanced Age of Structures: Built in 1918, the property is over a century old, which likely implies significant deferred maintenance, outdated systems (plumbing, electrical), and potential for substantial capital expenditure for renovations and modernization.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1918 (107 years old).
Condition: Built in 1918, this property is over a century old, and the exterior images clearly show significant age and deferred maintenance. The unkempt landscaping, cracked concrete, and dated facades suggest that the structures have not undergone major renovations in many decades. While no interior photos are provided, the property's age, exterior condition, and the mention of 'below market rents' strongly indicate that the kitchens, bathrooms, and other interior components are severely outdated and require substantial repairs and rehabilitation to meet modern standards. The property likely has outdated systems (plumbing, electrical) and would necessitate significant capital expenditure for modernization.
Year Built
1918
Close
-
List price
$1.95M
Original List price
$2M
Price/Sqft
$325
HOA
-
Days on market
-
Sold On
-
MLS number
CV25030625
Home ConditionPoor
Features
Patio
View-
About this home
For sale are two adjacent parcels. Listing only includes certain information for one parcel which is a duplex - 3544A & 3544B Granada Ave. The adjacent parcel is zoned for mixed use. It has two commercial units which are rented as offices, in the front and a house in the back - 3548A, 3548B and 3548 1/2 Granada Ave. Total 5 units consisting of one duplex, one commercial building and one house in the back. (Interior measurements may not be exact.) Rents are below market value.
Condition Rating
Poor
Built in 1918, this property is over a century old, and the exterior images clearly show significant age and deferred maintenance. The unkempt landscaping, cracked concrete, and dated facades suggest that the structures have not undergone major renovations in many decades. While no interior photos are provided, the property's age, exterior condition, and the mention of 'below market rents' strongly indicate that the kitchens, bathrooms, and other interior components are severely outdated and require substantial repairs and rehabilitation to meet modern standards. The property likely has outdated systems (plumbing, electrical) and would necessitate significant capital expenditure for modernization.
Pros & Cons
Pros
Diverse Income Streams & Mixed-Use Zoning: The property comprises two adjacent parcels with a duplex, two commercial office units, and a separate house, offering multiple revenue streams and the flexibility of mixed-use zoning.
Value-Add Opportunity (Below Market Rents): The description explicitly states that 'Rents are below market value,' presenting a significant opportunity for a new owner to increase rental income and enhance the property's overall value.
Generous Lot Size: A substantial 14,000 sqft lot provides ample space for potential future expansion, additional development (subject to zoning), or creating enhanced outdoor amenities.
Price Adjustment: The property has seen a price reduction from its original list price of $2,000,000 to $1,950,000, suggesting potential for negotiation and a more attractive entry point for buyers.
Strategic Investment Potential: The unique combination of residential and commercial units on a large parcel makes this a versatile asset, appealing to investors seeking diversification or owner-users looking for a live-work setup.
Cons
Advanced Age of Structures: Built in 1918, the property is over a century old, which likely implies significant deferred maintenance, outdated systems (plumbing, electrical), and potential for substantial capital expenditure for renovations and modernization.
Current Suboptimal Cash Flow: While an opportunity, the current below-market rents mean immediate cash flow is not maximized, requiring active management, potential tenant turnover, or lease renegotiations to achieve optimal profitability.
Management Complexity: Managing five distinct units (a duplex, two commercial offices, and a house) across both residential and commercial types can be more complex and demanding than simpler investment properties.