8
See all 8 photos
$2,490,000
Est. payment /mo
10 BD
10 BA
5,188 SqFt
New
11102 Bonwood RD El Monte, CA 91733
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UPDATED:
03/10/2025 05:02 PM
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