Christine Chen Acquires Multifamily Property In El Monte For $4.4M

On December 22, 2021, a multifamily property located at 3420 Santa Anita Ave in El Monte was sold for a price of $4,432,500. The property consists of 18 units with an average price per unit of $246,250. The total square footage of the property is 12,958, resulting in a price per square foot of $342. The sale was the second highest closing in El Monte in the past 24 months according to the MLS.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,432,500
• Address: 3420 Santa Anita Ave.
• Market: El Monte
• Units: 18
• Price per Unit: $246,250
• Square Footage: 12,958
• Price per Square Foot: $342

Christine Chen purchased the property from Huang Lee. The transaction was facilitated by brokers Greg Alexanian and Nick Hayner. Alexanian Apartment Advisors, the broker representatives for the deal, have extensive experience in the multifamily marketplace, having represented 3,200 units and closed over $1 billion in transactions. They can be reached at (818) 239-1206 or through their website www.alexanianadvisors.com.

For any equity analysis opinion or investment opportunities, interested parties can contact Alexanian Apartment Advisors. Their email address is [email protected]. The brokers' Dre numbers are 00911091 and 01513975.