$4,400,000
UNDER CONTRACT $300K PRICE DROP

2921 Allgeyer Ave El Monte, CA 91732

Mountain View Neighborhood

Estimated payment $27,728/month

Total Views 5,486
3 Beds
2 Baths
12,656 Sq Ft
$348 Price per Sq Ft

About This Home

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 Agent

Ryan Loria

Triqor Group Brokerage Phone: 949-756-3232 License #02006138 Listed on: 07/14/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.78 Acre Lot
  • Two or More Common Walls
  • Irregular Lot

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 12,656 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 7 / B
  • Tax Tract Number 10848
  • Assessor Parcel Number 8106003026
  • $5,231 per year additional tax assessments

Community Details

Building Details

  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 18 Separate Water Meters
  • Operating Expense $135,288
  • Gross Income $353,769
  • Net Operating Income $218,481

Additional Features

  • 18 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: EMR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 8106003026
  • Year Built: 1959
  • Special Features: UnderContract

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 347.66

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Irregular Lot
  • Lot Size Sq Ft: 33783.00
  • Lot Size Acres: 0.7756

Multi Family

  • Gross Income: 353769.00
  • Gross Scheduled Income: 364710.00
  • Lot Size Area: 33783.0000 Square Feet
  • Net Operating Income: 218481.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 18
  • Number Of Units Total: 18
  • Operating Expense: 135288.00
  • Rent Control: No
  • Total Expenses: 135288.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 4339.01
  • Tax Lot: 7
  • Tax Tract Number: 10848
  • TaxOtherAnnualAssessmentAmount: 5231.00

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2025 07/28/25 Price Changed $4,400,000 -6.4% $348 / Sq Ft
07/14/2025 07/14/25 For Sale $4,700,000 -- $371 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25157841

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County El Monte 91732 Mountain View

2921 Allgeyer Ave, El Monte, CA

This home is located at 2921 Allgeyer Ave, El Monte, CA 91732 and is currently priced at $4,400,000, approximately $347 per square foot. This property was built in 1959. 2921 Allgeyer Ave is a home located in Los Angeles County with nearby schools including Willard F. Payne Elementary, Mountain View High, and New Life Christian School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Ryan Loria
Listing Agent
Ryan Loria
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Triqor Group
(626) 495-3169