Homes for sale - 11102 Bonwood Rd, El Monte, CA 91733

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Candice Culen

info@yrealtyinc.com +1(877) 976-5348

$ 2,490,000

Est. payment | -/mo

10 Beds

10 Baths

5,188 SqFt

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$ 2,490,000

Est. payment | -/mo

Save

10 Beds

10 Baths

5,188 SqFt

Key Details

Property Type Multi-Family

Sub 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

Year Built 1959

Lot Size 6,077 Sqft

Acres 0.1395

Property Sub-Type Multi-Family

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 El Monte

Zoning EMR3*

Rooms

Other Rooms None

Interior

Heating Other

Cooling Wall Unit(s)

Equipment Ceiling Fan, Garbage Disposal, Built-Ins, Range/Oven, Recirculated Exhaust Fan, Other

Exterior

Parking Features Assigned, Covered Parking, Garage - 4+ Car, Driveway

Building

Level or Stories Two

Others

Special Listing Condition Real Estate Owned

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Listed by Maywood Property Group

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(877) 976-5348

info@yrealtyinc.com

5280 E 2nd St, Long Beach, CA, 90803, USA

11102 Bonwood Rd El Monte, CA 91733