Woodside Village | 701 S Garfield Ave
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Woodside Village 701 S Garfield Ave
40 Unit Apartment Building $11,500,000 ($287,500/Unit) 3.93% Cap Rate Monterey Park, CA 91754
Investment Highlights
- Prime rental location in Monterey Park with excellent street visibility
- On-site laundry facilities and security cameras in each building
- Four separate single-story bungalow-style buildings
Executive Summary
The Woodside Apartments in Monterey Park, is a 40-unit apartment complex located at 701 South Garfield Ave in Monterey Park. Built in 1963, the complex features 4 single story buildings consisting of 36 one-bedroom / one-bathroom and 4 two bedroom / one bathroom units.
This property is strategically situated near the 10, 60, and 710 freeways, ensuring easy access and high tenant demand. This is a rare opportunity for an investor who is looking for a value-add property.
This property is strategically situated near the 10, 60, and 710 freeways, ensuring easy access and high tenant demand. This is a rare opportunity for an investor who is looking for a value-add property.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $11,500,000 | Building Class | B |
| Price Per Unit | $287,500 | Lot Size | 1.27 AC |
| Sale Type | Investment | Building Size | 23,952 SF |
| Cap Rate | 3.93% | Average Occupancy | 100% |
| No. Units | 40 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.8/1,000 SF |
| Apartment Style | Garden |
| Price | $11,500,000 |
| Price Per Unit | $287,500 |
| Sale Type | Investment |
| Cap Rate | 3.93% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.27 AC |
| Building Size | 23,952 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1963 |
| Parking Ratio | 1.8/1,000 SF |
Unit Amenities
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | - | 580 |
| 2+1 | 4 | - | 750 |
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PROPERTY TAXES
| Parcel Number | 5263-008-005 | Total Assessment | $4,792,304 |
| Land Assessment | $2,485,296 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,307,008 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5263-008-005
Land Assessment
$2,485,296
Improvements Assessment
$2,307,008
Total Assessment
$4,792,304
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | R3 (Limited Multiple Residence) |
| R3 (Limited Multiple Residence) |
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Woodside Village | 701 S Garfield Ave
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