Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    11102 Bonwood Road, El Monte, CA 91733
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    11102 Bonwood Road
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    • MLS#: 25509123 ( )
    • Street Address: 11102 Bonwood Road
    • Viewed: 5
    • Price: $2,490,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1959
    • Bldg sqft: 0
    • Days On Market: 25
    • Additional Information
    • County: LOS ANGELES
    • City: El Monte
    • Zipcode: 91733
    • Provided by: Maywood Property Group
    • Contact: Nicholas Nicholas
    • California Regional MLS IDX
    • DMCA Notice
    • 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
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    Features
    Appliances
    1. Disposal
    Building Area Total
    1. 5188.00
    Country
    1. US
    Interior Features
    1. Ceiling Fan(s)
    Levels
    1. Two
    Netoperatingincome
    1. 148704.00
    Parcel Number
    1. 8105019030
    Parking Features
    1. Assigned
    2. Covered
    3. Driveway
    Postalcodeplus4
    1. 2838
    Security Features
    1. Gated Community
    Sourcesystemkey
    1. 25509123:CLAW
    Totalexpenses
    1. 63994.00
    Year Built
    1. 1959
    Zoning
    1. EMR3*
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836