CBRE is proud to exclusively present Magnolia Street Apartments located in the City of El Monte!
The Magnolia Street Apartments is located at 12223 Magnolia Street in the city of El Monte, just south of the I-10 Freeway and west of the I-605 Freeway, between Durfee Avenue and Garvey Avenue. Magnolia Street Apartments is positioned within walking distance to Mountain View Park, Parkview Elementary School, and Mountain View High School. The property is also in close proximity to Food 4 Less, coffee shops, financial institutions and major retail outlets.
Magnolia Street Apartments is a well-maintained, non-rent-controlled, single-story, 6 unit property situated on a ±19,260 square foot lot with a total building size of ±5,080 square feet. The property features five detached single-story buildings with pitched composition shingle roofs. The property offers spacious two-bedroom/one-bathroom units and two-bedroom/one-bathroom+den units with an average unit size of 847 square feet. Every unit includes wall air conditioning and heating, washer hook-ups, and individual water heaters. Select units offer laminate wood flooring and new kitchen cabinets. Lastly, all units are individually metered for gas and electricity.
The Magnolia Street Apartments is a stable income-producing property and a great long-term investment. The property is located in a highly desirable, non-rent-controlled area and offers growth and stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.
