1817 2nd St - Apartments FOR SALE


Duarte, CA 91010
$8,465,000 USD
714-713-9086
1817 2nd St, Duarte, CA for Sale
$8,465,000 USD
Apartments - FOR SALE
1/20
null | 4.7% Cap Rate

1817 2nd St
Duarte, CA 91010


HIGHLIGHTS

  • Attractive Unit Mix of One, Two, & Three-Bedroom Floor Plans
  • In-Demand Property Amenities Including Gated Access, a Swimming Pool, a Recreation Room, an On-Site Laundry Facility, & Ample Parking
  • Unique Upside Potential Through the Installation of Washers/Dryers in All Units & the Addition of Seven Accessory Dwelling Units (ADUs)
  • Convenient San Gabriel Valley Location Moments Away from Parks, Trails, Schools, & Shopping Centers Along Historic Route 66
  • Rare Opportunity to Acquire a Sizable Apartment Community in a Tightly Held Submarket
  • Located in a Predominantly Residential Duarte Setting Surrounded Largely by Single-Family Homes

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1817 2nd Street, a 30-unit multifamily community located in Duarte, California. The offering represents a rare opportunity to acquire a sizable apartment community in a tightly held submarket, with no multifamily properties currently listed for sale in Duarte and no Class B or Class C multifamily sales recorded in the city during 2025 or year-to-date 2026, based on CoStar and CRMLS. Built in 1966 and situated on a 1.20-acre parcel, the property offers a desirable unit mix weighted toward larger floor plans, with 21 of the 30 units configured as 2 and 3-bedroom residences. The community features a strong amenity package that includes gated access, a swimming pool, an on-site laundry facility, and ample on-site parking consisting of covered and surface spaces. The ample parking as well as an underutilized recreation room/clubhouse, offer a potential Accessory Dwelling Unit (ADU) conversion opportunity that could enhance the asset’s income profile. 1817 2nd Street offers investors multiple avenues to pursue upside. A comprehensive unit renovation program, coupled with the potential installation of in-unit laundry hookups or machines, could help position the property to achieve premium rental rates over time. Ownership may also have the ability to improve operating efficiency through the implementation of a RUBS program to recover a portion of utility expenses. The property is located in a predominantly residential Duarte setting surrounded largely by single-family homes, while remaining close to key neighborhood amenities and regional transportation. Residents are within walking distance of Duarte High School and enjoy convenient access to retail, dining, and service uses along Huntington Drive, the city’s historic Route 66 corridor. The location also provides easy access to Interstate 210 and Interstate 605, connecting residents throughout the San Gabriel Valley and greater Southern California. Duarte’s foothill setting near the San Gabriel Mountains further contributes to the area’s appeal and places residents within reach of nearby outdoor recreation opportunities. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$8,465,000 USD

PRICE/SF

$354 USD /SF

# OF UNITS

30

PRICE/UNIT

$282,167

CAP RATE

4.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

DUR4*

APN/PARCEL ID

8529-009-022

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.