New Listing
$1,450,000
 $7,784 est/mo Sourced by Back At You

11122 Bonwood Road , El Monte, CA 91733

El Monte, CA 91733

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Description

We are proud to present a unique 12-unit investment opportunity at 11122 and 11126 Bonwood Ave., El Montea prime asset in the thriving West San Gabriel Valley listed at $2,900,000. These two adjacent, two-story courtyard-style communities, built in 1958, boast excellent curb appeal and stable cash flow. Combined, the properties sit on a total lot size of 12,734 sqft, featuring an approximate total building size of 10,204 sqft, with twelve spacious two-bedroom, one-bathroom units averaging ±850 sqft each (buyer to verify), totaling 24 bedrooms and 12 bathrooms. Each unit offers an open floor plan, a welcoming living room, and generously sized bedrooms, fostering a comfortable and community-oriented atmosphere among tenants, many of whom have lived here for over a decade. The properties share a secure courtyard, a greenbelt front yard, twelve rear parking spots, and additional street parking. Both buildings are separately metered, with a total of 14 gas meters, 14 electrical meters, and 2 water meters, and they include a shared laundry facility for additional income. With two APN numbers (8105019034 and 8105019035), this combined investment offers various opportunities to maximize income, including rental increases, laundry income, and upgrades to units or amenities. El Monte’s absence of a local rent control ordinance allows for annual rent increases of up to 10% or 5% + CPI per California AB1482. Additionally, owning this income property allows investors to maximize various tax benefits, including cost segregation. Located near Durfee and Rush Rd, this property is ideally positioned close to local shopping and dining options, such as CVS, Superior Grocers, Marshalls, Panda Express, Starbucks, and El Monte Community Hospital. Surrounded by Temple City, Arcadia, San Gabriel, and Rosemead, this complex is just 15 miles from Downtown Los Angeles and 29 miles from Ontario Airport, with seamless access to the 60, 10, and 605 freeways, the El Monte Metrolink Station, public transportation, and all major San Gabriel Valley amenities. This dual-building investment offers a unique opportunity for investors seeking steady income growth in a high-demand area.

Details

MLS#TR24221847
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1958
Days On Site6
Listing Provided ByKeller Williams Signature Realty 626-964-5500 | Jennie Leung

Features

SQ Feet6,279
Story(s)2
Units6
Building(s)1
ZoningEMR3*
Acreage0.14

Market Activity 91733

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 10 seconds ago
StateCA
CountyLos Angeles
CityEl Monte
Zip Code91733
Area619 El Monte
Listing VS Median (in 91733)
Price:
$1,450,000
low | high
Med:
$1,450,000
50% of Average
SqFt:
6,279
low | high
Med:
5,102
68.745023092849% of Average
$ / SqFt:
$231
low | high
Med:
$284
26.930615444924% of Average
On Site:
6
low | high
Med:
76.000000
7.894736842105% of Average
Sourced by Back At You
Listing Updated: October 31, 2024 at 5:34:11 PM PDT
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