El Monte Multifamily Investment
2708 Penn Mar Avenue El Monte, CA 91732
2708 Penn Mar Avenue, El Monte, CA, 91732
$1,275,000
For Sale
$1,275,000
Five-unit multifamily property in El Monte near retail corridors.
Property Size12,468 SF
Lot Size0.29 Acres
Price / SF$102.26
Days on Market94
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 Agency
CBRE - Ontario
(909) 418-2071
Listed by
Eric Chen · License #01489184
(909) 418-2071
Source
Cbre
Added: Apr 15 Checked: Jul 17 at 4:08 am
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 CBRE - Ontario
Investment Insights
Based on property information with market context.
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.
Key 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).
Property Analytics
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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).
