3043 Potrero Ave - Apartments FOR SALE


El Monte, CA 91733- El Monte City
$3,100,000 USD
310-994-9158
3043 Potrero Ave, El Monte, CA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/7
null | 5.39% Cap Rate

3043 Potrero Ave
El Monte, CA 91733
El Monte City


HIGHLIGHTS

  • In Unit Washer And Dryer Hookups | Individual Water Heaters In Each Unit
  • Favorable Unit Mix All 2+1
  • No Local Rent Control

OVERVIEW

This rare 14-unit multifamily investment is packed with potential, offering all two- bedroom / one-bath units, an ideal mix given the property’s proximity to multiple schools, making it especially attractive to renters. Located in the growing submarket of El Monte, where average rents continue to rise despite broader market softening, this asset presents a compelling value-add opportunity. Each unit features in-unit washer and dryer hookups and individual water heaters, a rarity for a property of this vintage. With no local rent control, investors have a clear path to unlocking potentially over 33% rental upside—before even factoring in additional revenue from RUBS and potential ADU additions. The property also offers ample parking with 12 covered spaces, 6 single-car garages, and 10 striped surface spots, adding to its tenant appeal. With strong rental growth trends and significant upside potential, this is a prime investment opportunity in one of the San Gabriel Valley’s most promising submarkets.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

14

PRICE/UNIT

$221,429

CAP RATE

5.39%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Steven Manor

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

28

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

EMR3

APN/PARCEL ID

8581-015-022

ASK ABOUT THIS PROPERTY

Nicholas HaynerMaywood Property GroupMore Info
310-994-9158

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Nicholas HaynerMaywood Property GroupMore Info
310-994-9158

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.