11102 Bonwood Rd - Apartments FOR SALE


El Monte, CA 91733- Mountain View
$2,490,000 USD
310-994-9158
11102 Bonwood Rd, El Monte, CA for Sale
$2,490,000 USD
Apartments - FOR SALE
1/8
null | 6% Cap Rate

11102 Bonwood Rd
El Monte, CA 91733
Mountain View


HIGHLIGHTS

  • Upgraded Electrical | New Gutter System | 7 Units Remodeled
  • Upside Captured By Renovating Remaining 3 Units , RUBS Program, Adding 2-4 ADUs, Installing Paid Laundry In Existing Laundry Room
  • Attractive 5.97% CAP | 7.9% Market CAP

OVERVIEW

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 INQUIREIES NICK HAYNER 310.994.9158 | NICK@MAYWOODPROPERTYGROUP.COM**

FOR SALE DETAILS

PRICE

$2,490,000 USD

PRICE/SF

$480 USD /SF

# OF UNITS

10

PRICE/UNIT

$249,000

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,068 SF

ZONING

R3

APN/PARCEL ID

8105-019-030

ASK ABOUT THIS PROPERTY

Nicholas HaynerMaywood Property GroupMore Info
310-994-9158

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Nicholas HaynerMaywood Property GroupMore Info
310-994-9158

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.