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Penn Mar Apartments 2730 Penn Mar Ave 8 Unit Apartment Building $1,928,800 ($241,100/Unit) 4.71% Cap Rate El Monte, CA 91732
Investment Highlights
- New electric subpanels
- Onsite Laundry
- Units separately metered for gas and electricity
- Potential to add 2 ADU’s
- Easy access to the 10 and 60 Freeways
- Upside in rental income
Executive Summary
Presenting 2730 Penn Mar Ave, an exceptional multifamily investment opportunity in El Monte, CA. The property features seven 1-bedroom/1-bathroom cottage-style units, offering a unique charm. The property boasts new electric subpanels and is separately metered for gas and electricity, simplifying management and maximizing efficiency. With onsite parking for seven vehicles and onsite laundry facilities, the property provides added convenience for tenants.
2730 Penn Mar Ave offers significant upside in rental income through market rent adjustments and the potential to add two ADUs, enhancing long-term value and cash flow. Private financing is available, offering flexibility for qualified buyers. Ideally located with easy access to both the 10 and 60 Freeways, the property ensures strong rental demand and commuter appeal.
This is a rare opportunity to acquire a stabilized, well-maintained asset with built-in value-add potential in a high-demand rental market.
2730 Penn Mar Ave offers significant upside in rental income through market rent adjustments and the potential to add two ADUs, enhancing long-term value and cash flow. Private financing is available, offering flexibility for qualified buyers. Ideally located with easy access to both the 10 and 60 Freeways, the property ensures strong rental demand and commuter appeal.
This is a rare opportunity to acquire a stabilized, well-maintained asset with built-in value-add potential in a high-demand rental market.
Property Facts
| Price | $1,928,800 | Apartment Style | Garden |
| Price Per Unit | $241,100 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 4.71% | Building Size | 3,425 SF |
| Gross Rent Multiplier | 12.81 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1961/2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | EMR3YY - Multiple Dwelling | ||
| Price | $1,928,800 |
| Price Per Unit | $241,100 |
| Sale Type | Investment |
| Cap Rate | 4.71% |
| Gross Rent Multiplier | 12.81 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 3,425 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1961/2024 |
| Opportunity Zone |
Yes |
| Zoning | EMR3YY - Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
1 1
Property Taxes
| Parcel Number | 8106-018-016 | Improvements Assessment | $694,073 |
| Land Assessment | $851,094 | Total Assessment | $1,545,167 |
Property Taxes
Parcel Number
8106-018-016
Land Assessment
$851,094
Improvements Assessment
$694,073
Total Assessment
$1,545,167
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Penn Mar Apartments | 2730 Penn Mar Ave
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