Listed By:
Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com
Address
1817 2nd Street, Duarte, CA
Price
$ 8,465,000
Property Attributes
  • MLS#OC26110715
  • TypeSingle Family
  • Listing Status Active
  • CountyLos Angeles
  • CityDuarte
  • Area Duarte
  • Zip91010
  • Style
  • Year Built1966
  • Price$ 8,465,000
  • Bedrooms0
  • Full Bathrooms1
  • Half Bathrooms1
  • Sqr Footage23917
  • Lot Size1.2 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

1817 2nd Street is 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. 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.

Price History
5/21/2026 Listed $8,465,000

General Features

Sewer PublicSewer
Pool Features Community
Year Built 1966
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 704184
Community Features Curbs,Gutters,StreetLights,Sidewalks,Pool
County Los Angeles
Net Operating Income 398016
Operating Expense 285222
Insurance Expense 30000
New Construction false
Property Type ResidentialIncome
HOA false
MaintenanceExpense 25500
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Cross Streets of 2nd Street & Highland Avenue
City Duarte
Entry Location First level
Senior Community Y/N false
Open Parking Spaces 24
Number Of Units Total 30
MLS Area 617 - Duarte
Lot Size Units Acres
Lot Size Square Feet 52272
Carport Spaces 30
Carport Y/N true
Listing Terms Cash,CashToNewLoan,Conventional,Exchange1031
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 9185
Trash Expense 9185
Water Sewer Expense 9185
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 9
Property Sub Type Additional Apartment
Taxes 106933
Cap Rate 4.7
PostalCity DUARTE

Interior Features

Total Stories 2
Common Walls NoCommonWalls
Laundry Features CommonArea
Entry Level 1

Exterior Features

Lot Features StreetLevel
Water Source Public
Total Parking 54
Lot Size Area 1.2
Number of Buildings 1
Building Area Total 23917
Lot Size Acres 1.2
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 30
Number of Separate Electric Meters 30

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 91010

Price
AVG $1.16M
$8.47M
Year Built
AVG 1962
1966

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