2730 Penn Mar Ave - Apartments FOR SALE


El Monte, CA 91732- Mountain View
$1,750,000 USD
626-331-1234
2730 Penn Mar Ave, El Monte, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/11
null | 5.61% Cap Rate

2730 Penn Mar Ave
El Monte, CA 91732
Mountain View


HIGHLIGHTS

  • Strong in-place income with average monthly rents of approximately $1,824, offering an in-place 5.61% cap rate and 11.25 GRM
  • Attractive ±12,197-sqft parcel improved with exclusively single-story, bungalow-style residences—an desirable, low-density multifamily configuration
  • Compelling upside through rent growth, with projected market-rate performance of a 6.15% cap rate and 10.59 GRM
  • Conveniently positioned only blocks from major retail corridors along Garvey Avenue and Valley Boulevard
  • Not subject to local rent control, allowing for annual rent increases of up to 5% plus CPI, subject to applicable state and local regulations.
  • Prime San Gabriel Valley location just west of the 605 Freeway, less than 15 miles from Downtown Los Angeles, and bordered by the City of San Gabriel

OVERVIEW

Presenting 2730 Penn Mar Ave, an exceptional multifamily investment opportunity in El Monte, CA. The property features seven 1-bedroom/1-bathroom cottage-style units, offering a unique charm. The property boasts new electric subpanels and is separately metered for gas and electricity, simplifying management and maximizing efficiency. With onsite parking for seven vehicles and onsite laundry facilities, the property provides added convenience for tenants. 2730 Penn Mar Ave offers significant upside in rental income through market rent adjustments and the potential to add two ADUs, enhancing long-term value and cash flow. Private financing is available, offering flexibility for qualified buyers. Ideally located with easy access to both the 10 and 60 Freeways, the property ensures strong rental demand and commuter appeal. This is a rare opportunity to acquire a stabilized, well-maintained asset with built-in value-add potential in a high-demand rental market.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$511 USD /SF

# OF UNITS

7

PRICE/UNIT

$250,000

CAP RATE

5.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Penn Mar Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

EMR3YY

APN/PARCEL ID

8106-018-016

ASK ABOUT THIS PROPERTY

Jag SinghKW COMMERCIALMore Info
626-331-1234

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Jag SinghKW COMMERCIALMore Info
626-331-1234

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