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.
| MLS # | AR26194307 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 16 |
| Listing Provided By | Keller Williams - Eagle Rock | Jagmeet Singh |
| SQ Feet | 3,425 |
|---|---|
| Garage | 3 |
| Story(s) | 1 |
| Units | 7 |
| Building(s) | 5 |
| Acreage | 0.28 |
| Lot Features | Garden, Street Level |
|---|
| Garage Yes / No | Yes |
|---|
| Sewer | Public Sewer |
|---|
| Community Features | Sidewalks |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | El Monte |
| Zip Code | 91732 |
| Area | 619 El Monte |
| Listing VS Median (in 91732) | |
Price: $1,750,000 low | high Med: $1,450,000 sqft: 3,425 low | high Med: 3,760 $ / sqft: $511 low | high Med: $391 On site: 16 low | high Med: 77 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | El Monte |
| Zip Code | 91732 |
| Area | 619 El Monte |
| Listing VS Median (in 91732) | |
Price: $1,750,000 low | high Med: $1,450,000 sqft: 3,425 low | high Med: 3,760 $ / sqft: $511 low | high Med: $391 On site: 16 low | high Med: 77 | |