2921 Allgeyer

El Monte, CA, 91732
For Sale $4,700,000
  • 0.78acre
Listing agent:
Ryan Loria
License #02006138
Triqor Group
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.

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2921 Allgeyer is a Residential Income Apartment property located in El Monte, California, featuring a 0.776 acre lot, MLS #PW25157841.

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Data last modified: 2025-07-14 20:45:56