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About the Listing PB7936 - PWLORRYA
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 Monte’s qualified opportunity zone which presents substantial development and ADU potential as well as potential tax benefits.
Listing Highlights for 2921 Allgeyer Ave
Status
Active With Contingency
Days on Site
103
Property Type
Multi-Family
MLS ®
PW25157841
Year Built
1959
Total Square Footage
12,656
Lot/Acreage
0.78
County
Los Angeles
Area
619 - El Monte
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Irregular Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: EMR3YY
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 8106003026
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Listing Location
Questions About..
2921 Allgeyer Ave El Monte, CA 91732
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