El Monte Multifamily Investment
2708 Penn Mar Avenue, El Monte, CA 91732
Five-unit multifamily property in El Monte near retail corridors.
Type:Multifamily
Property size:
12,468 SFLot size:
0.29 AcresPrice / SF:
$102/SF- Added:
- Apr 15, 2026
- Days on Market:
- 47
- Last Refresh:
- Mar 31 at 8:10 pm
Property Features for 2708 Penn Mar Avenue
General Information
- Standard status
- Active
- Size
- 12,468 SF
- Lot size
- 0.29 Acres
- Property subtype
- Multifamily
Listing agent Eric Chen License #01489184 (909) 418-2071
Listing office (909) 418-2071
Listing date Apr 15, 2026
Source Cbre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Eric Chen
HighLights
- Not subject to local rent control, allowing for higher annual rent increases.
- Strong in‑place rents averaging ± $1,837 per month, with a 5.38% CAP Rate and 11.57 GRM.
- Prime location in the San Gabriel Valley, less than 15 miles from DTLA and close to major freeways (605 and 10).
- Attractive parcel configuration with all single‑story bungalow‑style units on a ±12,468 SF lot.
- Conveniently located blocks from heavy retail corridors on Valley Blvd and Garey Ave, with proximity to major retailers.
- Unit mix features 4 x 1‑Bedroom/1‑Bathroom and 1 x 2‑Bedroom/1‑Bathroom units.
Overview
Located in the city of El Monte, this five-unit multifamily property features a unit mix of four 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit. The single-story bungalow-style units average 600 and 850 square feet. Situated on a ±12,468 square foot lot, the property provides ample on-site parking via garage and covered parking. The property is not subject to any local rent control, allowing for higher annual rent increases of 5% plus current CPI. The property is located less than 15 miles from Downtown Los Angeles and bordered by San Gabriel, Monterey Park, Rosemead, and Montebello. It is situated less than a half mile from retailers such as CVS, Food-4-Less, Northgate Supermarket, and Starbucks. El Monte High School, other grade schools, and parks are within walking distance. The property collects $9,185 per month from rents and has additional revenue stream potential from on-site parking and an on-site laundry facility. This income-producing property is suitable for a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- El Monte
- County
- Los Angeles
- State
- California
- Longitude
- -118.0219862
- Latitude
- 34.0575878
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit multifamily property in El Monte near retail corridors.
Where is this apartment building located?
The property is located at 2708 Penn Mar Avenue El Monte, CA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Not subject to local rent control, allowing for higher annual rent increases.; Strong in‑place rents averaging ± $1,837 per month, with a **5.38% CAP Rate and 11.57 GRM.**; Prime location in the San Gabriel Valley, less than 15 miles from DTLA and close to major freeways (605 and 10).
