3420 Santa Anita Avenue

El Monte, CA 91731

$4,432,500
Last Sold Price
3
Beds
18
Baths
12,958 Sq. Ft.
$342 / Sq. Ft.
12,958
Sq. Ft.
$342
per Sq. Ft.

Description

We are pleased to present the Santa Anita Garden apartments exclusively for sale. 18 units delivering a going in cap rate of 4.8% with 17% upside in rents. During the pandemic, El Monte rents actually grew while many other cities saw spikes in vacancy and drop in asking rents, per Costar. Alongside the BILLION Dollar Investment initiative of El Monte, the affordability vs other surrounding areas proves to be a strong investment foothold for landlords. El Monte's new state of the art bus station facility...We are pleased to present the Santa Anita Garden apartments exclusively for sale. 18 units delivering a going in cap rate of 4.8% with 17% upside in rents. During the pandemic, El Monte rents actually grew while many other cities saw spikes in vacancy and drop in asking rents, per Costar. Alongside the BILLION Dollar Investment initiative of El Monte, the affordability vs other surrounding areas proves to be a strong investment foothold for landlords. El Monte's new state of the art bus station facility sees 40,000 passengers making it the largest bus station west of Chicago, and with the Metro very close, tenants can truly be non-reliant on automobile ownership and expenditures. Situated on over half acre of land, individual hot water heaters, good walkability and growing community. For offering memorandum or questions about this opportunity, contact listing agent
  1. Listed by Levon Alexanian • DRE #00911091 • Brokerage DRE #01521876 • Keller Williams World Media Center

Property Details for 3420 Santa Anita Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
18.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
12958
Assessor Parcel Number
8579-004-009
Property Attached YN
true

Location

Listing Courtesy of Keller Williams World Media Center, Levon Alexanian, DRE #00911091

Sold By Keller Williams World Media Center, Levon Alexanian, DRE #00911091

Add your commute
LISTING UPDATED: 12/27/2021 04:49 AM

Property Details for 3420 Santa Anita Avenue

StatusClosed
MLS #SR21144335
Days on Market104
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.58 AC / 25,480 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams World Media Center, Levon Alexanian, DRE #00911091

Sold By Keller Williams World Media Center, Levon Alexanian, DRE #00911091

Add your commute

Building Information for 3420 Santa Anita Avenue

Stories-Residences-Year Built1948Building Size-Lot Size0.58 AC / 25,480 SF

Payment Calculator

$29,516 per month

30 year fixed, 7.25% Interest

Principal and Interest

$24,190

Property Taxes

$5,326

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3420 Santa Anita Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $309,648
  • Gross Scheduled Income: $309,648
  • Net Operating Income: $214,607
  • Gross Multiplier: 14.6
  • Cap Rate: 4.72
  • Financing: Conventional
Expense Details
  • Operating Expense: $88,848
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $88,848
Tax / Assessment Info
  • Tax Tract Number: 883
  • Tax Census Tract: 4332.00
  • Tax Lot: 11
Community / Development
Community / Development
  • Community Features: Biking
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 16-20 Units/Acre
  • Number Of Units: 18
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,579
  • Unit Type Total Rent: $12,632
  • Unit Type Pro Forma: 1825
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,226
  • Unit Type Total Rent: $12,060
  • Unit Type Pro Forma: 1525
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 19
  • Number Of Separate Water Meters: 1

Property History for 3420 Santa Anita Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3420 Santa Anita Avenue

Taxable ValueLand$3,164,754Additions$1,357,876Total$4,522,630
Tax Record2023$63,915 ($5,326 / month)
Home Facts
Total Finished SqFt12,958 SqFtAbove Grade Finished SqFt12,958 SqFtLot Size25,480 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningEMR4YYCountyLOS ANGELESAPN8579-004-009

Schools near 3420 Santa Anita Avenue

This home is within El Monte Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 10 to 12
Rating
School
Distance
Columbia Elementary School
PublicK to 8

El Monte High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Keller Williams World Media Center, Levon Alexanian, DRE #00911091

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.