11102 Bonwood Road, El Monte, CA 91733
-
Listed Price :
$2,490,000
-
Beds :
10
-
Baths :
10
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Property Size :
5,188 sqft
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Year Built :
1959
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
Interior Features
| Bedroom Information |
| Bedrooms |
10 |
| Bathroom Information |
| Bathrooms |
10 |
| Interior Information |
| Features |
Ceiling Fan(s) |
Listing Information
| Address |
11102 Bonwood Road |
| City |
El Monte |
| State |
CA |
| Zip |
91733 |
| County |
Los Angeles |
| Listing Agent |
Nicholas Hayner DRE #02090908 |
| Courtesy Of |
Maywood Property Group |
| List Price |
$2,490,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
5,188 |
| Lot Size |
6,077 |
| Year Built |
1959 |
Listing information courtesy of: Nicholas Hayner, Maywood Property Group. *Based on information from the Association of REALTORS/Multiple Listing as of Mar 10th, 2025 at 5:02 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
