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32809180
32809170

1817 Second Street, Duarte, CA 91010

TL
CA CA 01451551
Marcus & Millichap - Orange County
DH
CA 01962800, NV S.0189703
Marcus & Millichap - Las Vegas
MK
CA 01364032
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County, Marcus & Millichap - Las Vegas
$8,465,000
16 days on market
Updated 16 days ago

1817 2nd St Duarte CA 91010

Details
APN 8529-009-022
Property Type Multifamily
Sub Type Apartment Building
Square Footage 23,917
Net Rentable (SqFt) 23,917
Units 30
Cap Rate 4.7%
NOI $398,016
Pro-Forma Cap Rate 6.62%
Pro-Forma NOI $560,529
Price per SqFt $354
Year Built 1966
Buildings 1
Acreage 1.200

Only Multifamily Property For Sale in Duarte

Marketing description

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1817 2nd Street, a 30-unit multifamily community located in Duarte, California. The offering represents a rare opportunity to acquire a sizable apartment community in a tightly held submarket, with no multifamily properties currently listed for sale in Duarte and no Class B or Class C multifamily sales recorded in the city during 2025 or year-to-date 2026, based on CoStar and CRMLS.

Built in 1966 and situated on a 1.20-acre parcel, the property offers a desirable unit mix weighted toward larger floor plans, with 21 of the 30 units configured as 2 and 3-bedroom residences. The community features a strong amenity package that includes gated access, a swimming pool, an on-site laundry facility, and ample on-site parking consisting of covered and surface spaces. The ample parking as well as an underutilized recreation room/clubhouse, offer a potential Accessory Dwelling Unit (ADU) conversion opportunity that could enhance the asset’s income profile.

1817 2nd Street offers investors multiple avenues to pursue upside. A comprehensive unit renovation program, coupled with the potential installation of in-unit laundry hookups or machines, could help position the property to achieve premium rental rates over time. Ownership may also have the ability to improve operating efficiency through the implementation of a RUBS program to recover a portion of utility expenses.

The property is located in a predominantly residential Duarte setting surrounded largely by single-family homes, while remaining close to key neighborhood amenities and regional transportation. Residents are within walking distance of Duarte High School and enjoy convenient access to retail, dining, and service uses along Huntington Drive, the city’s historic Route 66 corridor. The location also provides easy access to Interstate 210 and Interstate 605, connecting residents throughout the San Gabriel Valley and greater Southern California. Duarte’s foothill setting near the San Gabriel Mountains further contributes to the area’s appeal and places residents within reach of nearby outdoor recreation opportunities.

*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

Investment highlights

» Attractive Unit Mix of One, Two, & Three-Bedroom Floor Plans

» In-Demand Property Amenities Including Gated Access, a Swimming Pool, a Recreation Room, an On-Site Laundry Facility, & Ample Parking

» Unique Upside Potential Through the Installation of Washers/Dryers in All Units & the Addition of Seven Accessory Dwelling Units (ADUs)

» Convenient San Gabriel Valley Location Moments Away from Parks, Trails, Schools, & Shopping Centers Along Historic Route 66

» Rare Opportunity to Acquire a Sizable Apartment Community in a Tightly Held Submarket

» Located in a Predominantly Residential Duarte Setting Surrounded Largely by Single-Family Homes

Listing Contacts

TL
CA CA 01451551
Marcus & Millichap - Orange County
DH
CA 01962800, NV S.0189703
Marcus & Millichap - Las Vegas
MK
CA 01364032
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County, Marcus & Millichap - Las Vegas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$398,016.00
$33,168.00/mo

Valuation Metrics

0
DSCR
4.7%
Cap Rate
4.7%
ROI

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Additional Information

Name
Tony Solomon
License
CA 1238010
Title
Broker of Record
Name
Tyler Leeson
License
CA 01451551
Brokerage Phone
7147139086
Name
Drew Holden
License
01962800
Brokerage
Marcus & Millichap
Brokerage Phone
9494193321
Title
Managing Director Investments
Brokerage Address
19800 Macarthur Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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