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11835 Deana St

26 Unit Apartment Building $5,995,000 ($230,577/Unit) 5.62% Cap Rate El Monte, CA 91732

Executive Summary

Please review the attached Offering Memorandum (OM) and information below. Thank You.
-----------------
TVM Commercial Realty Group is proud to offer this 26 Unit Multi-Tenant Residential Investment in El Monte, California. This property is located near many shops and restaurants.
This Offering includes 25 Apartments* (11835) and 1 Home (11845) on 1 Parcel. Most rents are substantially below market value and there is strong future income growth potential.
This property features:
• 26 Units, 25 - 2 Bedroom 1 Bath, 1 – 2 Bedroom 1 Bath Home (per Appraisal)
• CAP Rate at Offering: 5.62
• CAP at Market Rents: 6.33 +
• APN: 8567-003-035
• Year Built: 1963
• Total SF: 21,201 (Title) 21,475 / 21,252 (Appraisal)
• Lot Size: 40,663 sf
• Swimming Pool: Yes
• All Tenants have separate Electric and Gas
• Onsite Laundry Facility: Yes
• Parking – Car Ports and Open Area
________________________________
*Notes - Car Ports have been re-roofed in the last 2 years and tenants interior electrical panels have been replaced.
**25 Total Apartment units numbered 1 – 26 no 13. and 1 Single Family Residence.

Property Facts

Price $5,995,000
Price Per Unit $230,577
Sale Type Investment
Cap Rate 5.62%
No. Units 26
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.94 AC
Building Size 21,201 SF
Average Occupancy 100%
No. Stories 2
Year Built 1963

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8567-003-035
Land Assessment
$1,307,407
Improvements Assessment
$5,507,669
Total Assessment
$6,815,076

zoning

Zoning Code EMR3YY
EMR3YY
  • Listing ID: 33971431

  • Date on Market: 11/22/2024

  • Last Updated:

  • Address: 11835 Deana St, El Monte, CA 91732

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