2708 Penn Mar Avenue
El Monte, CA 91732
- – beds
- – baths
- – sqft
- 12,468 sqft lot
- 1953 build
- – on site
We are proud to present 2708 Penn Mar Ave, a 5-unit multifamily property in the City of El Monte. The property is located within the city of El Monte and not subject to any local rent control. The city of El Monte is located within the San Gabriel Valley and amongst the more dense rental markets in the area with over 60% of the housing stock being renter occupied. The city is situated just 15-miles from DTLA and only a few blocks from the 605- and 10 freeways. Tenants enjoy short commutes to many notable attractions like Dodger Stadium, Hollywood Blvd, Crypto.Com Arena, Sofi Stadium, and Intuit Dome. The city is also less than 30-miles from Long Beach and Los Angeles Airports. More intimately, tenants enjoy being walking distance to several retailers along Garey Ave and Valley Blvd like CVS, Food- 4-Less, Northgate Market, and more. El Monte High School and other grade schools and parks are also within a short walk from the property. 2708 Penn Mar Ave is a 5-unit multifamily property offering 4, 1-Bedrooms and 1, 2-Bedroom units. All units are single-story bungalow-style units averaging 600 and 850 square feet. The property sits on an expansive +/- 12,468 square foot lot and offers ample space for on-site parking via garage and covered parking. The property currently collects $9,185 per month from rents and has additional revenue stream potential from on-site parking and an on-site laundry facility. The opportunity is presented at a healthy 4.78% CAP Rate and 12.70 GRM with upside via annual increases or improvements to market rent over time.
Last checked:
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Last updated Apr 4, 2025
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MLS# CV25073511 —
The Building
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Year Built:1953
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:3272.00
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Building Area Units:Square Feet
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Total Number Of Units:5
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# of Buildings:5
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Stories Total:1
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:5
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# of Separate Water Meters:1
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# of Separate Electric Meters:5
Interior
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Levels:One
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Entry Location:1
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Laundry:Common Area
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Laundry:1
Location
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Directions:Merge onto I-10 W, Take exit 30 for Garvey Ave/Durfee Ave, Turn left onto Durfee Ave, Turn right onto Magnolia St, Turn left onto Penn Mar Ave
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Latitude:34.05758900
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Longitude:-118.02198600
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:EMR3YY
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Lot Features:2-5 Units/Acre
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Lot Size Area:12468.0000
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Lot Size Acres:0.2862
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Lot Size SqFt:12468.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:2
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Tax Census Tract:433901
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Tax Tract:13568
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Tax Lot:21
The Listing
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Special Listing Conditions:Standard
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Parcel Number:8106018013
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Curbs, Sidewalks
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
Parking
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Parking Spaces:5.00
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Garage Spaces:1.00
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Uncovered Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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4/4/25
Apr 4, 2025
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Listed / Active | CRMLS_CA | $1,400,000 | 16.7% (2.0% / YR) |
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12/23/16
Dec 23, 2016
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CRMLS_CA | $1,200,000 | 49.8% (38.7% / YR) | |
|
9/10/15
Sep 10, 2015
|
CRMLS_CA | $801,000 |
