1817 E. 2nd Street, Duarte

• A 30-unit multifamily investment opportunity in Duarte, California, offering stable in-place income in the highly desirable San Gabriel Valley.
• A current cap rate of 4.96% and pro forma cap rate of 6.31% reflect 17% rental upside available to a new owner.
• The property offers a diverse unit mix of nine 1-bedroom/1-bathroom,
  eleven 2-bedroom/1-bathroom, eight 2-bedroom/2-bathroom, and
  two 3-bedroom/1.5-bathroom floor plans.
• Select units feature vinyl plank and carpet flooring, ceiling fans, new lighting fixtures, and walk-in closets, with all homes offering fully equipped kitchens and wall AC/heating.
• The property sits on a ±52,034 SF lot with ±23,917 SF of rentable area averaging 797 SF per unit.
• Common areas include a gated entrance, swimming pool with outdoor seating, on-site laundry, covered carport parking, and picturesque San Gabriel foothill mountain views.
• Direct access to the 210, 605, 10, and 57 Freeways places residents 20 miles northeast of Downtown Los Angeles.
• The property is minutes from City of Hope National Medical Center,
  Azusa Pacific University, Caltech, Citrus College, and Pasadena City College.
• The Duarte/City of Hope Gold Line Station is just 0.7 miles away, providing direct Metro L Line service into Downtown Los Angeles.

Property Description

CBRE is 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. Offered at $273,333 per unit and $343 per square foot, the property presents a current cap rate of 4.96% and a pro forma cap rate of 6.31%, reflecting 17% rental upside available to a new owner. 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. The nearby Duarte/City of Hope Foothill Metro L Station, located just 0.9 miles from the property, provides direct light rail service throughout the San Gabriel Valley and into Downtown Los Angeles, with Ontario International Airport and Hollywood Burbank Airport both approximately 35 minutes away. The San Gabriel Valley benefits from a diverse and resilient employment base anchored by City of Hope National Medical Center, one of the nation’s foremost cancer research and treatment institutions, alongside Azusa Pacific University, the California Institute of Technology (Caltech), Citrus College, and Pasadena City College. This concentration of healthcare, research, and a broad base of academic employers generates consistent renter demand from medical professionals, researchers, educators, and students, reinforcing the submarket’s long-term occupancy fundamentals. 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.