Courtesy of: Levon Alexanian 00911091 | Keller Williams World Media Center
Purchase Type: Sale
MLS ID: SR21144335
Days On Market: 130
Year Build: 1948
Lot size: 0.585
Property Type: Residential Income
New Construction: No
Swimming Pool: No
Address: 3420 Santa Anita Avenue
County: Los Angeles
City: El Monte
Neighborhood: 619 - El Monte
Pool Features: None
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 ***
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