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Investment Highlights

  • Located in MMU zoning, designated for high-density mixed-use transformation; 35 du/ac ceiling, 4 stories/50 ft, by-right residential
  • NOI of $292,494 (5.74% cap) in 2025
  • Proximity to major freeways (I-10, I-60, I-605), transit, parks and retail amenities.
  • 18 units fully occupied mixed-use property
  • Five one-story buildings with GLA 10,355 SF on a Frontage 122 Ft lot of 30,542 SF
  • 40 Parking spaces

Executive Summary

Twin Palms Estate stands as a cornerstone opportunity on the Durfee corridor. The City is actively transitioning underutilized parcels into vibrant mixed-use projects — with MMU townhome developments already approved or built along Durfee, Garvey Avenue, and Peck Road — giving buyers a well-timed entry into a high-density, by-right development play. Backed by the corridor's planned streetscape enhancements and the City's certified Housing Element programs, the site is a prime candidate for a signature project pairing quality residential units with high-visibility ground-floor retail. For the forward-looking buyer, 2319–2333 Durfee Avenue delivers immediate cash flow today and a by-right development pipeline tomorrow — a rare combination on a corridor the City is committed to growing.

Financial Summary (Actual - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $5,100,000
Price Per Unit $283,333
Sale Type Investment
Cap Rate 5.74%
No. Units 18
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Garden
Building Class C
Lot Size 0.70 AC
Building Size 10,355 SF
Average Occupancy 100%
No. Stories 1
Year Built 1979
Parking Ratio 3.86/1,000 SF
Zoning MMU, El Monte - MMU permits residential densities up to 35 units per acre in vertical formats ground-floor retail with residential above, or horizontal configuration.

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Refrigerator

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 - -
2+1 10 - -
3+1 1 - -
Studios 6 - -
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
8107-017-006
Land Assessment
$664,778
Improvements Assessment
$524,431
Total Assessment
$1,189,209
  • Listing ID: 41177454

  • Date on Market: 7/6/2026

  • Last Updated:

  • Address: 2319-2333 Durfee Ave, El Monte, CA 91732

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