2708 Penn Mar Avenue

El Monte, CA 91732

  • 0 Bed(s)
  • 0 Bath(s)
  • 3,272 Sqft
  • 12468
    Sqft(Lot)
$1,400,000

Description

We are proud to present 2708 penn mar ave, a 5-unit multifamily property in the city of el monte.

the property is located within the city of el monte and not subject to any local rent control. the city of el monte is located within the san gabriel valley and amongst the more dense rental markets in the area with over 60% of the housing stock being renter occupied. the city is situated just 15-miles from dtla and only a few blocks from the 605- and 10 freeways. tenants enjoy short commutes to many notable attractions like dodger stadium, hollywood blvd, crypto.com arena, sofi stadium, and intuit dome. the city is also less than 30-miles from long beach and los angeles airports. more intimately, tenants enjoy being walking distance to several retailers along garey ave and valley blvd like cvs, food- 4-less, northgate market, and more. el monte high school and other grade schools and parks are also within a short walk from the property.

2708 penn mar ave is a 5-unit multifamily property offering 4, 1-bedrooms and 1, 2-bedroom units. all units are single-story bungalow-style units averaging 600 and 850 square feet. the property sits on an expansive +/- 12,468 square foot lot and offers ample space for on-site parking via garage and covered parking. the property currently collects $9,185 per month from rents and has additional revenue stream potential from on-site parking and an on-site laundry facility. the opportunity is presented at a healthy 4.78% cap rate and 12.70 grm with upside via annual increases or improvements to market rent over time.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49236374

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1953
    • Building Area Total: 3,272

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2862
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 12468

  • Listing Price Information

    • Original List Price: 1,400,000
    • Listing Contract Date: 2025-04-04

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 8106018013

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 619 - El Monte
    • Postal Code Plus 4: 3412
    • Directions: Merge onto I-10 W, Take exit 30 for Garvey Ave/Durfee Ave, Turn left onto Durfee Ave, Turn right onto Magnolia St, Turn left onto Penn Mar Ave
    • Zoning: EMR3YY
    • Source Property Type: Residential Income
    • Area: 619 - El Monte
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 72
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 04/26/2025 @ 17:12

  • MLS: CV25073511
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 3,272 sqft, 12,468 sized lot, and 1 parking. are nearby neighborhoods.