3452 Durfee Ave - Apartments FOR SALE


El Monte, CA 91732- Mountain View
$1,249,000 USD
626-321-7410
3452 Durfee Ave, El Monte, CA for Sale
$1,249,000 USD
Apartments - FOR SALE
1/19
null | 2.41% Cap Rate

3452 Durfee Ave
El Monte, CA 91732
Mountain View


HIGHLIGHTS

  • Bungalow-Style Units: Four separate buildings consisting of (1) 3bdr/1bathroom House, (1) 2bdr/1bathroom House, (1) 2bdr/1bathroom unit, and a duplex
  • Generational Ownership: First time on the market in over two decades. Owned and operated by the same family during this time.
  • Ample Parking: 11 total garage and surface parking spaces with ample room for additional parking.
  • Individually Metered: Tenants pay for gas and electricity. The owner pays for trash and water.
  • Strategically Located: Convenient access to the 10 Freeway.
  • Large R-3 Zoned Lot: Expansive 15,327 SF lot offers potential for future redevelopment or additional ADU expansion.

OVERVIEW

3452 Durfee Avenue is a rare investment opportunity comprising 5 units on a large 15,327 SF lot zoned R-3. Its large lot offers ADU potential for expansion or redevelopment. The asset was built in 1947, and this is the first time it has been marketed for sale in over two decades. It has been owned and managed by the same family with pride of ownership during this time. It is located across from Jerry Voorhis Elementary School, which is beneficial for tenants who have young families. It is also strategically located with convenient access to the 10 Freeway yet far enough to preserve a quiet living atmosphere for tenants. The unit mix consists of (1) 3bdr/1bathroom House, (1) 2bdr/1bathroom House, (1) 2bdr/1bathroom unit, and a duplex that comprises (2) 1bdr/1bath units. These units are separated into four bungalow-style buildings. Each building has a pitched, shingled roof. There are 11 total parking spaces made up of (1) detached two-car garage, (2) one-car garages, and (7) dedicated surface parking spots. There is ample space for additional parking. The detached garage is worth exploring possible ADU conversion. Buyer to verify. Units are separately metered for utilities. Tenants pay for gas and electricity. Landlord pays for water and trash. The spacious lot, separated building layout, abundant parking, and R-3 zoning offer longer-term redevelopment potential or the opportunity to add more units through the ADU program. This asset has been well cared for and is in a high-demand rental market. It is ideal for investors seeking a stable, dense tenant base with long-term redevelopment or ADU growth potential.

FOR SALE DETAILS

PRICE

$1,249,000 USD

PRICE/SF

$334 USD /SF

# OF UNITS

5

PRICE/UNIT

$249,800

CAP RATE

2.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3452 Durfee Avenue

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,327 SF

ZONING

R3

APN/PARCEL ID

8549-010-033

ASK ABOUT THIS PROPERTY

Andy ChanKW CommercialMore Info
626-321-7410

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Andy ChanKW CommercialMore Info
626-321-7410

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