We are pleased to exclusively present a distinguished multifamily investment opportunity at 1817 East 2nd Street in Duarte, California, offering stable in-place income in the highly desirable San Gabriel Valley submarket. Comprising 30 units on a single parcel at the corner of Highland Avenue and 2nd Street, the property benefits from convenient access to the 210, 605, 10, and 57 Freeways and is minutes from City of Hope National Medical Center and The Shops at Santa Anita. The asset consists of a ±52,034 square-foot lot with a total building area of ±23,917 square feet, averaging 797 square feet per unit across a diverse mix of nine 1-bedroom/1-bathroom, eleven 2-bedroom/1-bathroom, eight 2-bedroom/2-bathroom, and two 3-bedroom/1.5-bathroom units. Each residence features a fully equipped kitchen, wall air conditioning and heating, walk-in closets (select units), and security screen doors. Updated units feature vinyl wood-like plank flooring and carpet combinations, ceiling fans, and new lighting fixtures. The well-maintained community features mature landscaping, a gated entrance, a swimming pool with outdoor seating, an on-site laundry facility, and a gated parking lot with covered carport and ample off-street parking, all framed against picturesque views of the San Gabriel foothill mountains.
Situated approximately 20 miles northeast of Downtown Los Angeles, Duarte offers residents a suburban lifestyle with strong regional connectivity. The 210, 605, 10, and 57 Freeways are all within easy reach of the property, placing residents minutes from Arcadia, Pasadena, and Covina. The Los Angeles County Arboretum and Botanic Garden lies just two miles west, and the property sits within easy reach of The Shops at Santa Anita.
1817 East 2nd Street is a stable income-producing asset in Duarte, California, well-positioned for long-term growth and capital appreciation. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
Property Sub Type:
Apartment
Property Attached:
Yes
Lot Area:
1.19 acre(s)0.48 hectare(s)
Bathrooms:
-
(Full:-, Half:-)
Year built:
1966
(Age: 60)
General Listing Location:
Duarte, 617 - Duarte
County Or Parish:
Los Angeles
Common Interest:
Community Apartment
Gross Income:
$704,184
Gross Scheduled Income:
$704,184
Net Operating Income:
$406,779
Cap Rate %:
4.96
Rent Control:
No
Total Actual Rent:
$698,184
Association Fee:
$0
Land Lease:
No
Gardener expense:
3973.5
Insurance Expense:
$25,500
Maintenance Expense:
$22,500
Taxes expense:
116521.0
Operating Expense:
$276,280
Other Expense:
$6,000
Pool expense:
$3,973.5
Professional Management Expense:
$47,722
Trash Expense:
$10,303
Water and Sewer Expense:
$39,787
Vacancy Allowance:
$21,126
Tax Lot:
9
Tax Block:
2
Merge onto I-605 N, Use the middle lane to turn left onto Historic Rte 66 W/Huntington Dr/U.S. Route 66, Turn right onto Highland Ave, Turn right onto Second St