3420 Santa Anita Avenue, El Monte, CA 91731

About this property

We are pleased to present the Santa Anita Garden apartments exclusively for sale. 18 units delivering a going in cap rate of 4.8% with 17% upside in rents. During the pandemic, El Monte rents actually grew while many other cities saw spikes in vacancy and drop in asking rents, per Costar. Alongside the BILLION Dollar Investment initiative of El Monte, the affordability vs other surrounding areas proves to be a strong investment foothold for landlords. El Monte's new state of the art bus station facility sees 40,000 passengers making it the largest bus station west of Chicago, and with the Metro very close, tenants can truly be non-reliant on automobile ownership and expenditures. Situated on over half acre of land, individual hot water heaters, good walkability and growing community. ** For offering memorandum or questions about this opportunity, contact listing agent ***

Listing description from the December 2021 sale, as reported to CRMLS.

Sale history

$4,432,500

Sold December 2021 · listed $4,550,000, on market July 2021 · MLS #SR21144335 · Source: CRMLS

Listing Agent: Levon Alexanian · Listing Office: Keller Williams World Media Center · Contact: 818-239-3500 · Bought with: Levon Alexanian · Keller Williams World Media Center

$2,125,000

Sold July 2012 · listed $2,149,000, orig. $21,490,000, on market May 2012 · MLS #12598277 · Source: CRMLS

Listing Agent: Jenny Chang · Listing Office: RE/MAX ESTATE PROPERTIES · Contact: 310-264-2225 · Bought with: Subscriber Non · Non-Participant Office

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