11102 Bonwood rd, El Monte, CA 91733
Active
$2,490,000
10 Units
10 Beds
10 Baths
5,188 Area(sq.ft.)
Lot: 6,077 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 9 | 1 | 1 | No | $ 1,875 | $ 1,875 | $ 2,300 |
| Unit 2 | 1 | studio | 1 | No | $ 1,395 | $ 1,395 | $ 1,600 |
| 10 | 9 | 10 | $ 18,270 | $ 18,270 | $ 22,300 |
| MLS #: | 25509123 |
| Days On Market: | 270 |
| Listing Date: | March 10, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 480 |
| Price per unit: | $ 249,000 |
| Year Built: | 1959 |
Property Details
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 RoomInterested in this Listing?
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Income Details
| Gross Operating Income: | $ 219,276 |
| Total Annual Expense: | $ 63,994 |
| Net Operating Income: | $ 148,704 |
| Gross Annual Income: | $ 219,276 |
| Cap Rate: | 6.38% |
| Gross Rent Multiplier: | 11.37 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
| Security Features: | Gated |
Land & Parking
| Zoning: | EMR3* |
| Parking Garage: | Assigned, Covered Parking, Garage - 4+ Car, Driveway |
Interior
| AC/Cooling: | Wall Unit(s) |
| Equipment: | Ceiling Fan, Garbage Disposal, Built-Ins, Range/Oven, Recirculated Exhaust Fan, Other |
| Heating: | Other |
Exterior
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