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2708 Penn Mar Ave
El Monte, CA 91732 Mountain View

$1,400,000 USD

Apartments For Sale • 3,272 SF

Property Details

Property Type Apartments
Total Building Size 3,272 SF
Lot Size 0.29 AC
Building Class C
Year Built 1953
Cap Rate 4.78 %
Zoning R3

45 Transit Score

67 Walk Score

                
                    Highlights
                
                                Prime Rental Location in San Gabriel Valley – Located just West of the 605- FWY less than 15-Miles from DTLA and Bordered by San Gabriel
                            
                                Convenient Location just Blocks from Heavy Retail Corridors on Garvey Ave and Valley Blvd 
                            
                                Attractive Parcel Configuration with All Single-Story Bungalow-Style Floorplans Spanning Across a +/- 12,500 SF Lot
                            
                                Boasts Strong In-Place Rents for the Area - Averaging +/- $1,837 per Month, the Property Offers a 4.78% CAP Rate and 12.7 GRM
                            
                                5.67% CAP Rate and 11.38 GRM at Market Rents
                            
                                Not Subject to any Local Rent Control – Allowing Higher Annual Rent Increases of 5% Plus Current CPI

Property Flyers

CBRE Offering_ 5 Units in El Monte _ All Single Story Bungalow Style Units

Financial Summary (Actual)

Net Operating Income: $66,950 USD (2024)

Cap Rate:	4.78 %
Total Expenses:	$39,963 USD

Amenities

Laundry Facilities

Public Transportation

Commuter Rail	Drive	Walk	Distance
El Monte (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	5 min	-	1.9 mi
Baldwin Park (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	9 min	-	5.2 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	33 min	-	22.5 mi
Bob Hope	38 min	-	28.7 mi
Los Angeles International	40 min	-	30.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	5
Type:	Covered
Included in Rent:	Yes

Eric Chen 909-418-2071 CBRE, Inc.

2708 Penn Mar Ave El Monte, CA 91732 Mountain View