$1,275,000
-$125,0002708 Penn Mar Avenue, El Monte CA 91732
Multi-Family (5 Units)
Property type
438 days
On market
$390
Price per sqft
1 car
Garage
1953
Year built
12,468 sqft
Lot size
Open Houses
Overview
We are proud to present 2708 Penn Mar Ave, a 5-unit multifamily property in the City of El Monte. The property is located within the city of El Monte and not subject to any local rent control. The city of El Monte is located within the San Gabriel Valley and amongst the more dense rental markets in the area with over 60% of the housing stock being renter occupied. The city...
Listing provided by: Eric Chen 909-418-2071, CB RICHARD ELLIS
Listing updated: May 27, 2026 at 10:10pm.
Last checked: Jun 15, 2026 at 01:31am
Source: CRMLS #CV25073511
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 4 | 1 | 1 | — | $1,645 | $78,960 | $1,900 | Unfurnished |
| 1 | 2 | 1 | — | $2,605 | $31,260 | $2,650 | Unfurnished |
# of Buildings: 5
# of Units Total: 5
Separate Electric Meters: 5
Separate Gas Meters: 5
Separate Water Meters: 1
Rent Control: No
Total Actual Rent: $110,220
Financial Snapshot
Gross Rent Multiplier
11.6x
List Price / Annual Gross Rent
Cap Rate
5.38%
NOI / List Price
Gross Scheduled Income: $110,220
Vacancy Allowance: $3,307
Operating Expense: $38,333
Net Operating Income: $68,580
Annual Operating Expenses
Electric: $1,254
Gardener: $1,200
Fuel: $554
Insurance: $3,750
Maintenance: $3,750
New Taxes: $18,430
Professional Management: $0
Trash: $4,928
Water / Sewer: $3,467
Other Expense: $1,000
Interior
Cooling: Wall Window Units
Heating: Wall Furnace
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One
Common Walls: Two Common Walls Or More
Lot Features: Two To Five Units Acre
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 1
Uncovered Spaces: 4
Parking Total: 5
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 8106018013
Additional Parcels: No
Tax Lot: 21
Zoning: EMR3YY
Tax Block: 2
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Sidewalks