Active Under Contract

2708 Penn Mar Avenue

El Monte, CA 91732

$1,275,000 $5,375/Mo

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Overview

Bed

Bath

3,272

Sqft

12,468

Sqft(Lot)

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.

Property Details

Property Type : ResidentialIncome

Price : $1,275,000

AD Id : 63805419

MLS Id : CV25073511

Lot Size : 12,468 Sqft

Living Area Size : 3,272

Year Built : 1953

Garage : 1

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Heating & Cooling

Has Heating: Yes Heating: Wall Furnace Has Cooling: Yes Cooling: Wall/Window Unit(s)

Building Information

Year Built: 1953

Building Area Total: 3272

Stories: 1

Pool Features: None

Private Pool: No

Lot Information

Main Square Feet: 12468 Lot Size Acres: 0.2862 Lot Size Source: Assessor Lot Size Square Feet: 12,468 Lot Description: 2-5 Units/Acre

Listing Price Information

Listing Price: $1275000

Original Price: $1400000

Cash, Cash to New Loan

Tax Information

Parcel Number: 8106018013 Tax Lot: 21 Tax Block: 2

Parking Information

Parking Total: 5

Garage Information

Has Garage: Yes Garage Space: 1

Location Information

Direction: 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 WaterSource: Public

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Nearby Home Value

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