Listed by Tyler Leeson•DRE #01451551• Marcus & Millichap RE Invest
Contact: tleeson@marcusmillichap.com
For sale
$8,465,000
Est. $54,927/mo —
53
bd
•
31 ba
•
23,917
sq ft
1817 2nd St, Duarte, CA 91010
About this home
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.
Butler, located between Huntington Drive and the foothill edge of the San Gabriel Mountains, is a residential and hillside Duarte neighborhood with a foothill backdrop and a calm, low-rise street grid. The neighborhood’s character concentrates around the Huntington Drive & Mountain Avenue corridor, where small storefronts, local eateries, and everyday services set a steady, lived-in rhythm. Housing reads as mid-century ranch homes and compact postwar streets, with occasional views opening toward the mountains. Royal Oaks Park frames outdoor time with courts, lawns, and shaded paths. The nearby Duarte Historical Museum adds a local throughline to the area’s past. For a classic local stop, The Donut Man anchors late-night cravings with a long-standing counter culture.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Two-level building
Entry on the first level
Bedrooms
Three-bedroom units (2 total)
Two-bedroom units (19 total)
One-bedroom units (9 total)
Bathrooms
Units include full and half bath combinations (examples: some units have 1 full + 1 half; others have 1 bath)
Kitchen
Kitchens included in each unit
Laundry & utility
On-site community laundry
Exterior features
Community pool
Level with street lot
Home design
Community apartment property
Two stories
No accessory dwelling unit
Parking
Total of 54 parking spaces
30 carport spaces
24 uncovered parking spaces
Construction
Single building (1 building)
Year built per assessor
Utilities
Public sewer
District / public water
30 separate gas meters
30 separate electric meters
1 separate water meter
HOA & community
Gutters, curbs, street lighting, and sidewalks in the community
Financial info
Total building area 23,917
Total of 30 units
Gross scheduled income $698,184
Gross operating income $677,238
Gross income $704,184
Net operating income $398,016
Gross multiplier 12.02
Operating expenses $285,222
Operating expense example items: insurance $30,000; maintenance $25,500; gardener $9,186; trash/water/sewer/electric listed at similar amounts
Other income $6,000
Vacancy allowance rate 3% (allowance 20,946)
Electricity and solar
View estimated energy costs and solar savings for this home
The R-4 zone is established to accommodate higher-density, multi-story residential development, with a focus on providing an intensity and function at locations within easy walking distance to transit, recreation and community facilities, and commercial services. The maximum permitted density is 28 du per net acre.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Local insights from Redfin agents
The real estate market is becoming more balanced. Buyers have more inventory, more data, and more time to make informed decisions than they did a year ago. Well-priced homes are still moving quickly, but today’s market rewards preparation, strategy,...