3733 Durfee Ave El Monte, CA 91732
14-unit apartment community with value-add potential in El Monte.
Lot size:
0.41 AcresProperty Features for 3733 Durfee Ave
General Information
- Lot size
- 0.41 Acres
Building Details
- Year built
- 1964
Source: Maywood Property Group
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
El Monte Multifamily Investment Opportunity
This 14-unit apartment community is located in the City of El Monte. The unit mix comprises six 2-bed/1-bath units and eight 1-bed/1-bath units. Four units will be delivered vacant, specifically three 1+1s and one 2+1, offering immediate value-add potential through renovation and lease-up at market rents. Significant capital upgrades have been completed, including a new roof installed in 2017 with warranties, an upgraded main electrical panel, all-new windows, and a new main-to-street plumbing line installed in 2022. Security is enhanced by cameras, lighting, and a secure gated entry. Only one unit has been fully renovated, serving as a model for potential interior improvements. An unfinished on-site laundry facility presents an additional revenue opportunity, expected to generate approximately $200 per month plus rental premium upon completion. The property provides 18 parking spaces, including covered parking. This property offers investors stability and upside in the San Gabriel Valley rental market.
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- El Monte
- County
- Los Angeles
- State
- California
- Longitude
- -118.0090213
- Latitude
- 34.069909
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FAQs
What type of property is this?
Apartment building - 14-unit apartment community with value-add potential in El Monte.
Where is this apartment building located?
The property is located at 3733 Durfee Ave El Monte, CA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: - Four vacant units offer immediate value-add through renovation and lease-up.; - Significant capital upgrades including a new roof (2017), upgraded electrical panel, new windows, and new main plumbing line (2022).; - Balanced mix of six 2-bed/1-bath and eight 1-bed/1-bath units.