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$2,490,000

Est. payment - /mo

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10 Beds

10 Baths

5,188 SqFt

Active

11102 Bonwood RD El Monte, CA 91733

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The Brandon Drew Group

financing@tbdgmortgage.com +1(909) 944-8800

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,188 sqft

Price per Sqft $479

MLS Listing ID 25509123

Bedrooms 10

HOA Y/N No

Year Built 1959

Lot Size 6,076 Sqft

Property Description

Maywood Property Group is pleased to offer this rare investment opportunity: a 10-unit apartment building in the rapidly growing city of El Monte. Built in 1959, this well-maintained property features (9) one- bedroom, one-bathroom units and (1) charming studio unit. With the potential to add two to four ADUs, pending city approval, this asset presents a unique value-add opportunity. The property is situated at the end of a private cul-de-sac, directly adjacent to Cogswell Elementary School, making it highly attractive to long-term tenants. 11102 Bonwood Road has maintained a historically low vacancy rate due to strong rental demand, and it is currently being offered at an attractive near 6% cap rate on existing rents.The property has already seen significant improvements, with (7) out of (10) units remodeled, yet still offers additional upside potential. Investors can increase revenue by updating the remaining (3) units, adding an on- site washer and dryer for supplementary laundry income (as the laundry room is already built), and monetizing garage parking spaces, either by leasing them to tenants or converting them into additional ADUs. With its strong current cash flow and multiple avenues for increased returns, this property is a compelling opportunity for savvy investors looking to capitalize on the continued growth and demand in El Monte.**CONTACT LISTING BROKER FOR OM OR INQUIRIES NICK HAYNER 310.994.9158 | NICK@MAYWOODPROPERTYGROUP.COM** Upgraded Electrical | New Gutter System | 7 Units Remodeled Attractive 5.97% CAP | 7.9% Market CAPUpside Captured By Renovating Remaining 3 Units , RUBS Program, Adding 2-4 ADUs, Installing Paid Laundry In Existing Laundry Room

Location

State CA

County Los Angeles

Area 619 - El Monte

Zoning EMR3*

Interior

Interior Features Ceiling Fan(s)

Fireplace No

Appliance Disposal

Exterior

Parking Features Assigned, Covered, Driveway

Community Features Gated

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8105019030

Security Features Gated Community

Special Listing Condition Real Estate Owned

Listed by Nicholas Hayner • Maywood Property Group

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