2921 Allgeyer Avenue

El Monte CA 91732

33783 sq. ft.

Multi-Family

Last sold for $3,700,000

Ryan Loria, last sold this property on 31 October 2025 after 107 days on market.

Overview

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 Montes qualified opportunity zone which presents substantial development and ADU potential as well as potential tax benefits.

Features

3 bedrooms

2 bathrooms

33783 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 3 bedroom multi families sold in El Monte over the last 12 months.

Property history for 2921 Allgeyer Avenue

2025

Sold

$3,700,000

31 Oct 2025 by Ryan Loria, of Triqor Group

Happy sellers in El Monte

We have insufficient information to provide an overview of customer satisfaction for El Monte. Viewing the agent profiles, reviews and sales for El Monte can provide insights for this location.