This investment opportunity consists of a two-story garden apartment complex and contains 16-
units constructed in 1959. This building is approximately 12,960 square feet situated on
approximately 20,670 square feet of land with pitched roof. Unit Mix is comprised of 16- 2
bedroom 1 bathroom units. Each unit has double sink with garbage disposal, gas range/oven with
hood combination. All units have gas wall heaters and in-wall electric air conditioning units.
The building amenities consist of newly resurfaced swimming pool, laundry room with two
washing machines and two dryer’s, parking for 16 cars. The property is separately metered for
gas and electric.
Rents are currently below market offering upside potential of approximately 7%+/-. The City of El
Monte currently does NOT have a rent control ordinance.
The property is located in the City of El Monte in the heart of the San Gabriel Valley west of the
interchange of Interstates 605 and 10. The properties surrounding the area are developed with
residential, commercial and industrial properties. North of the property is a large residential area.
South of the property are residential, commercial and industrial properties. The building is
conveniently located for tenants shopping and transportation needs.
