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3641 Durfee Ave 13 Unit Apartment Building $4,400,000 ($338,462/Unit) El Monte, CA 91732
Investment Highlights
- 13-unit apartment building situated on a 0.53-acre lot in El Monte.
- Units feature granite countertops, updated flooring, and double-pane windows.
- Separate gas and electric meters for each unit, supporting efficient utility management.
- Convenient access to I-10 and I-605 freeways, connecting to Los Angeles and regional markets.
- On-site parking includes 12 covered and 12 uncovered spaces for tenant convenience.
- Located near schools, parks, and retail amenities within a suburban neighborhood setting.
Executive Summary
First time on the market in over 30 years, 3641 Durfee presents a rare investment opportunity in the heart of El Monte. Situated on approximately half an acre, this well-maintained income property features 13 fully leased units consisting of one detached single-family home and three fourplex buildings.
Designed for low-maintenance ownership, the property offers predominantly concrete grounds with minimal landscaping expenses, supporting efficient long-term operations and reduced upkeep costs. Additional value-add potential may exist through future ADU development over the carport area and possible conversion of the existing laundry room, providing opportunities to further enhance cash flow and overall ROI.
Under current OBBB bonus depreciation provisions, qualifying site improvements such as concrete parking and driveway areas may offer favorable first-year depreciation treatment for eligible buyers, subject to buyer verification with their tax advisor and cost segregation analysis.
Designed for low-maintenance ownership, the property offers predominantly concrete grounds with minimal landscaping expenses, supporting efficient long-term operations and reduced upkeep costs. Additional value-add potential may exist through future ADU development over the carport area and possible conversion of the existing laundry room, providing opportunities to further enhance cash flow and overall ROI.
Under current OBBB bonus depreciation provisions, qualifying site improvements such as concrete parking and driveway areas may offer favorable first-year depreciation treatment for eligible buyers, subject to buyer verification with their tax advisor and cost segregation analysis.
Property Facts
| Price | $4,400,000 | Building Class | C |
| Price Per Unit | $338,462 | Lot Size | 0.53 AC |
| Sale Type | Investment | Building Size | 9,906 SF |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 2.42/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | EMR3YY | ||
| Price | $4,400,000 |
| Price Per Unit | $338,462 |
| Sale Type | Investment |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 9,906 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 2.42/1,000 SF |
| Zoning | EMR3YY |
Amenities
Unit Amenities
- Granite Countertops
- Double Pane Windows
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 13 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 8549-016-021 | Improvements Assessment | $498,372 |
| Land Assessment | $609,679 | Total Assessment | $1,108,051 |
Property Taxes
Parcel Number
8549-016-021
Land Assessment
$609,679
Improvements Assessment
$498,372
Total Assessment
$1,108,051
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3641 Durfee Ave