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Woodside Village 701 S Garfield Ave 40 Unit Apartment Building $10,000,000 ($250,000/Unit) 6.66% Cap Rate Monterey Park, CA 91754
Investment Highlights
- Prime rental location in Monterey Park with excellent street visibility.
- On-site laundry facilities and security cameras in each building.
- Well-positioned for a value-add strategy.
- Four separate single-story bungalow-style buildings.
- Strategically situated near the 10, 60, and 710 freeways, ensuring easy access and high tenant demand.
- Rare opportunity to acquire a stable, well-located asset in a high-demand rental market.
Executive Summary
The Woodside Apartments in Monterey Park, is a 40-unit apartment complex located at 701 South Garfield Ave in Monterey Park. Built in 1963, the complex features 4 single story buildings consisting of 36 one-bedroom / one-bathroom and 4 two bedroom / one bathroom units.
This property is strategically situated near the 10, 60, and 710 freeways, ensuring easy access and high tenant demand. This is a rare opportunity for an investor who is looking for a value-add property.
This property is strategically situated near the 10, 60, and 710 freeways, ensuring easy access and high tenant demand. This is a rare opportunity for an investor who is looking for a value-add property.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $10,000,000 | Building Class | B |
| Price Per Unit | $250,000 | Lot Size | 1.27 AC |
| Sale Type | Investment | Building Size | 23,952 SF |
| Cap Rate | 6.66% | Average Occupancy | 100% |
| No. Units | 40 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.8/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R3 - Limited Multiple Residence | ||
| Price | $10,000,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 6.66% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.27 AC |
| Building Size | 23,952 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1963 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | R3 - Limited Multiple Residence |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Kitchen
- Oven
- Tub/Shower
- Family Room
- Handrails
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Security System
- Private Bathroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | $2,000 | 580 |
| 2+1 | 4 | $2,600 | 750 |
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Property Taxes
| Parcel Number | 5263-008-005 | Total Assessment | $4,888,149 (2025) |
| Land Assessment | $2,535,001 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,353,148 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
5263-008-005
Land Assessment
$2,535,001 (2025)
Improvements Assessment
$2,353,148 (2025)
Total Assessment
$4,888,149 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Woodside Village | 701 S Garfield Ave
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