7-Unit Renovated Apartment
3462 Durfee, El Monte, CA 91732
For Sale
New
$2,999,999
The property is delivered vacant, with updated interiors across its apartment units.
Property Size5,768 SF
Lot Size0.35 Acres
Days on Market5
Property Features for 3462 Durfee
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Circle Real Estate
Listed By:
Mark Perez · License CA #01279393
(562) 754-0660
Source:
Velocityrealtysd
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:43PM
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 Circle Real Estate
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Investment Insights
Based on property information with market context.
This 7-unit apartment property in El Monte was built in 1962 and has been remodeled throughout. The unit mix includes four 3-bedroom/1-bath apartments and three 2-bedroom/1-bath apartments. Interior finishes include white oak cabinetry, quartz kitchen counters, new flooring, ceramic tile walls in the bathrooms, and porcelain tile floors. All units are delivered vacant. The property occupies an approximately 15,353-square-foot lot and includes a 7-car garage.
The property is near shopping, schools, restaurants, parks, and freeways. A 7.55% pro forma cap rate is cited using current Section 8 payment standards. Sober living, transitional housing, and shared housing are identified as possible operating concepts; zoning and permitted uses should be confirmed with the City of El Monte.
The property is near shopping, schools, restaurants, parks, and freeways. A 7.55% pro forma cap rate is cited using current Section 8 payment standards. Sober living, transitional housing, and shared housing are identified as possible operating concepts; zoning and permitted uses should be confirmed with the City of El Monte.
Key Highlights
- 7‑unit building with four 3‑bedroom/1‑bath and three 2‑bedroom/1‑bath apartments
- Remodeled interiors feature white oak cabinetry, quartz counters, and updated flooring and bathroom tile
- All seven units delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,812
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,856,240
$1.9M
Cap Rate 7%
$1,325,886
$1.3M
Cap Rate 9%
$1,031,244
$1.0M
Market Conditions
NOI Build-Up for 5,768 SF
Gross rent
$183.4K $31.80/SF
− Vacancy
−$14.7K −$2.54/SF
EGI
$168.7K $29.26/SF
− OpEx
−$75.9K −$13.17/SF
NOI
$92.8K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,856,240
Cap Rate 7%
$1,325,886
Cap Rate 9%
$1,031,244
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $92,812 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.35M
$2.06M – $2.75M
NOI $164,734 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
7
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
Explore this area
Business Placement
Demographics for 91732, CA
60,137
Population
15,995
Households
3.8
Avg Household Size
36
Median Age
15%
College-Educated
66%
High-School Grad
4.5 sq mi
ZIP Area
13,364
Density / Sq Mi
$67,172
Median Household Income
$31,884
Median Earnings
$1,752
Median Rent
$628,400
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles County, CA
Properties on Market for Apartment buildings in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property is delivered vacant, with updated interiors across its apartment units.
Where is this apartment building located?
The property is located at 3462 Durfee El Monte, CA.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: 7‑unit building with four 3‑bedroom/1‑bath and three 2‑bedroom/1‑bath apartments; Remodeled interiors feature white oak cabinetry, quartz counters, and updated flooring and bathroom tile; All seven units delivered vacant
