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2708 Penn Mar Avenue El Monte, CA 91732

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For Sale
$1,275,000

Five-unit multifamily property in El Monte near retail corridors.

Type:Multifamily
Property size:
12,468 SF
Lot size:
0.29 Acres
Added:
Apr 15, 2026
Days on Market:
2
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

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Listing Contact
Eric Chen
Eric Chen

Listing agent Eric Chen License #01489184

Listing office CB RICHARD ELLIS

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 CB RICHARD ELLIS


Overview

El Monte Multifamily Investment Property

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

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Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
El Monte
County
Los Angeles
State
California
Longitude
-118.0219862
Latitude
34.0575878

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).
More about this property
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