Property Details
About this Property
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.
MLS Listing Information
MLS #
CRPW25157841
MLS Source
California Regional MLS
Days on Site
3
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2921 Allgeyer Ave is a Residential Income in El Monte, CA 91732. This – square foot property sits on a 33,783 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,700,000 and was built in 1959. This address can also be written as 2921 Allgeyer Ave, El Monte, CA 91732.
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This listing information is up-to-date as of July 14, 2025. For the most current information, please contact Ryan Loria
