18 UNIT GARDEN STYLE COMPLEX

3420 Santa Anita Avenue
El Monte, CA 91731

OFFERING METRICS

LISTING PRICE

$4,350,000

CAP RATE

4.20%

GRM

15.77

PRICE PER UNIT

$241,667

PRICE PER SF

$335.70

PROPERTY OVERVIEW

AGGREGATE INVESTMENT PARTNERS is proud to exclusively present the opportunity to purchase this 18 units multifamily complex at 3420 Santa Anita Avenue, in the city of El Monte, California. The Courtyard Apartments is located just south of Ramona Boulevard on Santa Anita Avenue and north of the 10 freeway.

This value-add investment property is well situated in the flourishing part of El Monte. Across the street there is the $60 million newly renovated El Monte Metro Station. A short walk takes you to the newly developed Santa Fe Trail Plaza on Valley Boulevard, with well-known names such as Starbucks Coffee, Ross Dress For Less, and Petco.

The Courtyard Apartments has three buildings with a total building size of ±12,958 square feet, sitting on a ±25,480 square feet lot. There are two secured gate entrances at the front of the property. Upon entering, there is a serene courtyard with gorgeous landscaping at the center of the property. Two sets of symmetrical apartments with 1 and 2 stories on each side of the courtyard, with the third 2-story apartment at the end of the courtyard.

 

OPPORTUNITY HIGHLIGHTS

  • Located in the Flourishing Part of El Monte
     

  • Short walk to El Monte Metro Station
     

  • Great Unit Mix: (10)- 1 Bed / 1 Bath and (8)- 2 Bed / 1 Bath units
     

  • Value-add opportunity with Approximately 36% upside in rental potential.
     

  • Serene Courtyard Style Apartments with Gorgeous Landscaping

  • Serene courtyard style apartments with gorgeous landscaping
     

  • Secure /gated community
     

  • Within proximity to Columbia Elementary School, El Monte High School, Fletcher Park, El Monte Metro Station, Superior Grocers, and NORMS restaurant
     

  • Easy access to 10, 60, and 605 Freeways
     

  • Only 11 miles to Downtown Los Angeles

 

LOCATION MAP

 

CONTACTS

STEVE CHANG
Senior Partner

626.381.9885

Steve.Chang@AggregateIP.com

Cal BRE #02028509