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$1,400,000 Sale
Listed 181 days ago
2708 Penn Mar Avenue
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· 5
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Key Facts
Key facts for 2708 Penn Mar Avenue
Property Type
Apartment
Parking
1 garage, 5 parking
MLS #
CV25073511
Size
-
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1953
Maintenance Fee
$ 0/mo
Description
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., 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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Listing courtesy of: CB RICHARD ELLIS