2921 Allgeyer Avenue, El Monte, CA 91732
  • MLS#: PW25157841 ( Apartment )
  • Street Address: 2921 Allgeyer Avenue
  • Viewed: 1
  • Price: $4,700,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 0
  • Days On Market: 4
  • Additional Information
  • County: LOS ANGELES
  • City: El Monte
  • Zipcode: 91732
  • Provided by: Triqor Group
  • Contact: Ryan Ryan
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present The Greenwood Apartments, an 18 unit apartment community in El Monte, CA. This property features an ideal unit mix of large 1 and 2 bedroom units, gated entry, carport parking, individual gas and electric meters, as well as individual water heaters. The building has undergone several upgrades such as a new roof (2025), new electrical panels, new paint, and new windows. Interiors have been tastefully renovated with granite countertops, laminate wood flooring, upgraded bathrooms, and stainless steel appliances. This multigenerational asset has been meticulously maintained and professionally managed throughout ownership and is on the market for the first time in 50 years. The property generates a current cap rate of 4.5%, 6.1% with market rents, offering an investor roughly 22% upside in rental income. Furthermore, the property sits on an oversized lot in El Montes qualified opportunity zone which presents substantial development and ADU potential as well as potential tax benefits.
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Features
Building Area Total
  1. 12656.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 0.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Laundry Features
  1. Common Area
Lot Features
  1. Irregular Lot
Netoperatingincome
  1. 209967.00
Number Of Separate Electric Meters
  1. 18
Number Of Separate Gas Meters
  1. 18
Number Of Separate Water Meters
  1. 18
Parcel Number
  1. 8106003026
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 443004806:CRM
Totalexpenses
  1. 142114.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1959
Year Built Source
  1. Public Records
Zoning
  1. EMR3YY