$1,450,000
- Beds
- Unknown
- sq ft
- Unknown
11126 Bonwood Rd, El Monte, CA 91733
11126 Bonwood Rd
El Monte, CA 91733
- 109 days on market
We are proud to present a unique 12-unit investment opportunity at 11122 and 11126 Bonwood Ave., El Monte—a 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
Property type
Apartment
Lot size
6,367 sq ft
Price per sq ft
Unknown
Year built
1958
HOA
No
Price History
09/06/2024
CRMLS #TR24170754
Listed
$1,450,000
-6.45%
07/13/2024
CRMLS #CV24053841
Removed
$1,550,000
06/21/2024
CRMLS #CV24053841
Price change
$1,550,000
-3.13%
Schools & Community
Neighborhood:
Mountain View
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 12/23/2024 at 5:35 PM
Listing updated: 12/10/2024 at 9:31 AM
Listed by: Jennie Leung, Keller Williams Signature Realty Phone #: (626) 964-5500
MLS: CRMLS #TR24170754
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