Multifamily

3365 Washington Ave

3365 Washington Ave, El Monte, CA 91731

Listing Price: $2,450,000

Cap Rate
4.72%
Number of Units
11
Price/Unit
$222,727
Price/Gross SF
$347.22
Gross SF
7,056

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 11-units in the heart of the San Gabriel Valley. Located just north of the 10 freeway and consisting of three separate structures, this multifamily property sits on approximately 15,824 +/- SF of land and is comprised of six (6) 2bed/1bath, four (4) 1bed/bath units, and one (1) 2bed/1 bath single family home with its own private driveway. It is located just minutes from the Santa Anita Park Racetrack as well as the Westfield Santa Anita mall which boasts over 1.3 million +/- SF of retail and dining. The property will be delivered with two (2) 2bedroom units vacant, allowing a potential investor the opportunity to immediately bring in tenants at market rates. Both units have been remodeled with laminate floors and partial granite countertops. The property also features on-site laundry, alley access, and with seven (7) garages and two separate driveways, there is plenty of on-site parking for tenants.

Investment Highlights

  • Immediate Value Add Opportunity
  • On-site parking
  • Delivered with two vacant units
  • Close to 40% upside in rents
  • Attractive unit mix with a single-family home
  • High Demand Rental Market
  • Allowable rent increases of 5% plus CPI

Exclusively Listed By

Listing Price: $2,450,000

Cap Rate
4.72%
Number of Units
11
Price/Unit
$222,727
Price/Gross SF
$347.22
Gross SF
7,056

Investment Highlights

  • Immediate Value Add Opportunity
  • On-site parking
  • Delivered with two vacant units
  • Close to 40% upside in rents
  • Attractive unit mix with a single-family home
  • High Demand Rental Market
  • Allowable rent increases of 5% plus CPI

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 11-units in the heart of the San Gabriel Valley. Located just north of the 10 freeway and consisting of three separate structures, this multifamily property sits on approximately 15,824 +/- SF of land and is comprised of six (6) 2bed/1bath, four (4) 1bed/bath units, and one (1) 2bed/1 bath single family home with its own private driveway. It is located just minutes from the Santa Anita Park Racetrack as well as the Westfield Santa Anita mall which boasts over 1.3 million +/- SF of retail and dining. The property will be delivered with two (2) 2bedroom units vacant, allowing a potential investor the opportunity to immediately bring in tenants at market rates. Both units have been remodeled with laminate floors and partial granite countertops. The property also features on-site laundry, alley access, and with seven (7) garages and two separate driveways, there is plenty of on-site parking for tenants.

Exclusively Listed By

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