The Duarte Apartments is an excellent opportunity to acquire a 30-unit courtyard-style multifamily property built in 1966, with 23,917 of building and an oversized lot of 52,024 square feet. 1817 2nd Street is located in a suburban neighborhood near the Historic Route 66 (Huntington Drive) in close proximity to a multitude of restaurants, bars, retail shops, hiking and biking trails that encompass the heart of Duarte, California. The Subject Property has an excellent unit mix of two three-bedroom/two-baths, nineteen two-bedroom/one-bath, and nine one-bedroom/one-bath units. The beautifully landscaped property features two main entrances, a community pool with chaise loungers, 52 on-site parking spaces (35 covered and 17 uncovered spaces), laundry room, controlled access to building and an on-site property manager. With the ability to raise rents five percent (5%) plus CPI annually, 1817 2nd Street exemplifies a value-add opportunity.
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