3641 Durfee Ave - Apartments FOR SALE


El Monte, CA 91732- Mountain View
$4,400,000 USD
626-643-7090
3641 Durfee Ave, El Monte, CA for Sale
$4,400,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

3641 Durfee Ave
El Monte, CA 91732
Mountain View


HIGHLIGHTS

  • 13-unit apartment building situated on a 0.53-acre lot in El Monte.
  • Convenient access to I-10 and I-605 freeways, connecting to Los Angeles and regional markets.
  • Units feature granite countertops, updated flooring, and double-pane windows.
  • On-site parking includes 12 covered and 12 uncovered spaces for tenant convenience.
  • Separate gas and electric meters for each unit, supporting efficient utility management.
  • Located near schools, parks, and retail amenities within a suburban neighborhood setting.

OVERVIEW

First time on the market in over 30 years, 3641 Durfee presents a rare investment opportunity in the heart of El Monte. Situated on approximately half an acre, this well-maintained income property features 13 fully leased units consisting of one detached single-family home and three fourplex buildings. Designed for low-maintenance ownership, the property offers predominantly concrete grounds with minimal landscaping expenses, supporting efficient long-term operations and reduced upkeep costs. Additional value-add potential may exist through future ADU development over the carport area and possible conversion of the existing laundry room, providing opportunities to further enhance cash flow and overall ROI. Under current OBBB bonus depreciation provisions, qualifying site improvements such as concrete parking and driveway areas may offer favorable first-year depreciation treatment for eligible buyers, subject to buyer verification with their tax advisor and cost segregation analysis.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$444 USD /SF

# OF UNITS

13

PRICE/UNIT

$338,462

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

22,937 SF

ZONING

EMR3YY

APN/PARCEL ID

8549-016-021

ASK ABOUT THIS PROPERTY

Shawn LuongSpectrum Realty SolutionsMore Info
626-643-7090

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Shawn LuongSpectrum Realty SolutionsMore Info
626-643-7090

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