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Penn Mar Apartments 2730 Penn Mar Ave 7 Unit Apartment Building $2,413,145 CAD ($344,735 CAD/Unit) 5.61% Cap Rate El Monte, CA 91732
Investment Highlights
- Strong in-place income with average monthly rents of approximately $1,824, offering an in-place 5.61% cap rate and 11.25 GRM
- Compelling upside through rent growth, with projected market-rate performance of a 6.15% cap rate and 10.59 GRM
- Not subject to local rent control, allowing for annual rent increases of up to 5% plus CPI, subject to applicable state and local regulations.
- Attractive ±12,197-sqft parcel improved with exclusively single-story, bungalow-style residences—an desirable, low-density multifamily configuration
- Conveniently positioned only blocks from major retail corridors along Garvey Avenue and Valley Boulevard
- Prime San Gabriel Valley location just west of the 605 Freeway, less than 15 miles from Downtown Los Angeles, and bordered by the City of San Gabriel
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 | $2,413,145 CAD | Apartment Style | Garden |
| Price Per Unit | $344,735 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5.61% | Building Size | 3,425 SF |
| Gross Rent Multiplier | 11.25 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | EMR3YY - Multiple Dwelling | ||
| Price | $2,413,145 CAD |
| Price Per Unit | $344,735 CAD |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| Gross Rent Multiplier | 11.25 |
| No. Units | 7 |
| 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 | 1961 |
| Opportunity Zone |
Yes |
| Zoning | EMR3YY - Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 489 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 8106-018-016 | Improvements Assessment | $983,716 CAD |
| Land Assessment | $1,206,263 CAD | Total Assessment | $2,189,979 CAD |
Property Taxes
Parcel Number
8106-018-016
Land Assessment
$1,206,263 CAD
Improvements Assessment
$983,716 CAD
Total Assessment
$2,189,979 CAD
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Penn Mar Apartments | 2730 Penn Mar Ave
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