2319-2333 Durfee Ave - Apartments FOR SALE


El Monte, CA 91732- Mountain View
$5,100,000 USD
626-731-8213
2319-2333 Durfee Ave, El Monte, CA for Sale
$5,100,000 USD
Apartments - FOR SALE
1/16
null | 5.74% Cap Rate

2319-2333 Durfee Ave
El Monte, CA 91732
Mountain View


HIGHLIGHTS

  • Located in MMU zoning, designated for high-density mixed-use transformation; 35 du/ac ceiling, 4 stories/50 ft, by-right residential
  • 18 Fully occupied mixed-use property -12 Residential and 6 retail/office units
  • NOI of $292,494 (5.74% cap) in 2025
  • Five one-story buildings with GLA 10,355 SF on a Frontage 122 Ft lot of 30,542 SF
  • Proximity to major freeways (I-10, I-60, I-605), transit, parks and retail amenities.
  • 39 Parking spaces

OVERVIEW

Twin Palms Estate stands as a cornerstone opportunity on the Durfee corridor. The City is actively transitioning underutilized parcels into vibrant mixed-use projects — with MMU townhome developments already approved or built along Durfee, Garvey Avenue, and Peck Road — giving buyers a well-timed entry into a high-density, by-right development play. Backed by the corridor's planned streetscape enhancements and the City's certified Housing Element programs, the site is a prime candidate for a signature project pairing quality residential units with high-visibility ground-floor retail. For the forward-looking buyer, 2319–2333 Durfee Avenue delivers immediate cash flow today and a by-right development pipeline tomorrow — a rare combination on a corridor the City is committed to growing.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$493 USD /SF

# OF UNITS

18

PRICE/UNIT

$283,333

CAP RATE

5.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Twin Palms Estate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

MMU, El Monte

APN/PARCEL ID

8107-017-006

ASK ABOUT THIS PROPERTY

Katharine HouColdwell Banker Commercial RealtyMore Info
626-731-8213

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Katharine HouColdwell Banker Commercial RealtyMore Info
626-731-8213

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