2921 Allgeyer Avenue, El Monte, CA 91732

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Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$4,700,000

Est. payment - /mo

3 Beds

2 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25157841

Bedrooms 3

Property Sub-Type Res Income 2-4 Units

Property Description

We are pleased to present The Greenwood Apartments, an 18-unit apartment community in El Monte, CA. This property features an ideal unit mix of large 1 and 2-bedroom units, gated entry, carport parking, individual gas and electric meters, as well as individual water heaters. The building has undergone several upgrades such as a new roof (2025), new electrical panels, new paint, and new windows. Interiors have been tastefully renovated with granite countertops, laminate wood flooring, upgraded bathrooms, and stainless-steel appliances. This multigenerational asset has been meticulously maintained and professionally managed throughout ownership and is on the market for the first time in 50 years. The property generates a current cap rate of 4.5%, 6.1% with market rents, offering an investor roughly 22% upside in rental income. Furthermore, the property sits on an oversized lot in El Montes qualified opportunity zone which presents substantial development and ADU potential as well as potential tax benefits.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Driving East On Garvey Ave., Turn Right Onto Valley Blvd., Turn Right Onto Allgeyer Ave., Property Will Be on Your Right

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 8106003026

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Listed by Ryan Loria Triqor Group

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2921 Allgeyer Avenue El Monte, CA 91732