$7,458 Closing Credit¹
#WS25041147, JASON WEI, Listing Office: RE/MAX PREMIER/ARCADIA
#CV25073511·
Listing office: CB RICHARD ELLIS·
Listing agent: ERIC CHEN·
Listing office phone: 626-757-5717
$1,400,000 List price
2708 Penn Mar Ave El Monte, CA 91732
$10,000
Closing credit¹
0.3 acres
Condo
Property details
About 2708 Penn Mar Ave
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 is situated just 15-miles from DTLA and only a few blocks from the 605- and 10 freeways. Tenants enjoy short commutes to many notable attractions like Dodger Stadium, Hollywood Blvd, Crypto.Com Arena, Sofi Stadium, and Intuit Dome. The city is also less than 30-miles from Long Beach and Los Angeles Airports. More intimately, tenants enjoy being walking distance to several retailers along Garey Ave and Valley Blvd like CVS, Food- 4-Less, Northgate Market, and more. El Monte High School and other grade schools and parks are also within a short walk from the property. 2708 Penn Mar Ave is a 5-unit multifamily property offering 4, 1-Bedrooms and 1, 2-Bedroom units. All units are single-story bungalow-style units averaging 600 and 850 square feet. The property sits on an expansive +/- 12,468 square foot lot and offers ample space for on-site parking via garage and covered parking. The property currently collects $9,185 per month from rents and has additional revenue stream potential from on-site parking and an on-site laundry facility. The opportunity is presented at a healthy 4.78% CAP Rate and 12.70 GRM with upside via annual increases or improvements to market rent over time.
Highlights
Home typeCondominium
HeatingWall Furnace
StatusActive
CoolingWall/Window Unit(s)
Lot size0.2862 Acres
Year built1953
MLS #CV25073511
Garage1 space
Summary
- MLS Number: CV25073511
- MLS Name: CRMLS
- Office Name: CB RICHARD ELLIS
- Office Phone: (626) 757-5717
- Listing Agent: ERIC CHEN
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/9/2025, 3:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,400,000
2708 Penn Mar Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 23, 2016 | Home Sold | $1,200,000 |
| Sep 10, 2015 | Home Sold | $801,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,365,391 | $19,608 |
| 2023 | $1,338,619 | $19,299 |
| 2022 | $1,312,373 | $18,571 |
| 2021 | $1,286,641 | $19,045 |
| 2020 | $1,273,449 | $18,467 |
| 2019 | $1,248,480 | $17,699 |
| 2018 | $1,224,000 | $17,192 |
| 2017 | $1,200,000 | $17,192 |
History based on county public records data.
Nearby schools
3
Parkview Elementary School
Public District KG-6
0.2 mi
•12044 Elliott Ave
3
Payne Elementary School
Public District KG-6
0.3 mi
•2850 Mountain View Rd
3
Maxson Elementary School
Public District KG-6
0.5 mi
•12380 Felipe St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $38,942. Residents of El Monte, CA typically earn between $35k-100k each year. Typical family type is married, with kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
42%
<35k
48%
35k-100k
8%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
20%
Single, No Kids
30%
Single, with Kids
8%
Married, No Kids
42%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
23%
<11 yrs old
13%
12-17 yrs old
29%
18-34 yrs old
32%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
Foot Locker
Burlington
Where do the neighbors go to eat?
Jack In The Box
Little Caesars
White Castle
What do the neighbors drive?
Nissan
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2708 Penn Mar Ave
This home is located at 2708 Penn Mar Ave in El Monte, CA and zip code 91732 in the The San Gabriel Valley neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 4, 2025 and is currently priced at $1,400,000.
The inventory of homes for sale in El Monte, CA between February and March 2025 increased by 10.8%. In March 2025, listings were on the market for 65 days. During the same period, the median list price in this real estate market was $725,000.
From Rocket Homes Real Estate and based on county public records data.