Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

30

Building size

23,917 sqft

Lot size

52,034 sqft

Year built

1966

Stories

2

Garage spaces

0

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

In Ground,Community

View

Mountain(s)

Status

Active

Days on market

0

MLS #

247992935

About this property

We are pleased to exclusively present a distinguished multifamily investment opportunity at 1817 East 2nd Street in Duarte, California, offering stable in-place income in the highly desirable San Gabriel Valley submarket. Comprising 30 units on a single parcel at the corner of Highland Avenue and 2nd Street, the property benefits from convenient access to the 210, 605, 10, and 57 Freeways and is minutes from City of Hope National Medical Center and The Shops at Santa Anita. The asset consists of a ±52,034 square-foot lot with a total building area of ±23,917 square feet, averaging 797 square feet per unit across a diverse mix of nine 1-bedroom/1-bathroom, eleven 2-bedroom/1-bathroom, eight 2-bedroom/2-bathroom, and two 3-bedroom/1.5-bathroom units. Each residence features a fully equipped kitchen, wall air conditioning and heating, walk-in closets (select units), and security screen doors. Updated units feature vinyl wood-like plank flooring and carpet combinations, ceiling fans, and new lighting fixtures. The well-maintained community features mature landscaping, a gated entrance, a swimming pool with outdoor seating, an on-site laundry facility, and a gated parking lot with covered carport and ample off-street parking, all framed against picturesque views of the San Gabriel foothill mountains. Situated approximately 20 miles northeast of Downtown Los Angeles, Duarte offers residents a suburban lifestyle with strong regional connectivity. The 210, 605, 10, and 57 Freeways are all within easy reach of the property, placing residents minutes from Arcadia, Pasadena, and Covina. The Los Angeles County Arboretum and Botanic Garden lies just two miles west, and the property sits within easy reach of The Shops at Santa Anita. 1817 East 2nd Street is a stable income-producing asset in Duarte, California, well-positioned for long-term growth and capital appreciation. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.

Location

1817 E 2nd Street

Duarte, Los Angeles, CA, 91010