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11102 Bonwood Rd
Off-Market Call for Pricing
Call for Pricing
- 10 Units
- 5,188 Sq Ft
- 6,077 Sq Ft
- Unknown Cap Rate
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
Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,490,000 |
| Property Type | Multi-Family |
| Usable Sqft | 5,188 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1959 |
| Last Sold | July 10, 2025 |
| Sold Price | 2,350,000 |
| APN # | 8105019030 |
| MLS # | 25509123 |
| Property ID | 295274716 |
| Lot Sqft | 6,077 |
| Zoning | EMR3* |
| Total Units | 10 |
| Date Updated | July 10, 2025 |
| Date Created | March 10, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 0 | 1.00 | $1,395 | $1,600 |
| Unit #2 | 1 | 1.00 | $1,875 | $2,300 |
| Gross Income (Yr) | $ 219,276 |
| Operating Expenses | $ 63,994 |
| Net Income (Yr) | $ 148,704 |
| Cap Rate | 6.38% |
Listing Provided By
Nicholas Hayner an agent of . Lic #02090908
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Robert Crawford
REAL ESTATE AGENT