El Monte, CA 91733,11140 Bonwood Road

$900,000

Est. payment /mo

$1,100,000

18.2%
Est.Price: ?

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11140 Bonwood Road El Monte, CA 91733

2 Beds

3,352 SqFt

SOLD DATE : 08/09/2024

Key Details

Sold Price $900,000

Property Type Other Types

Sub Type OTHER

Listing Status Sold

Purchase Type For Sale

Square Footage 3,352 sqft

Price per Sqft $268

MLS Listing ID CRCV24102668

Sold Date 08/09/24

Bedrooms 2

HOA Y/N No

Year Built 1958

Lot Size 6,610 Sqft

Acres 0.15

Property Description

4-unit multifamily property situated at 11140 N Bonwood Rd in El Monte. The property features one building and the units totaling approximately 3,300 square feet on a spacious 0.15 acre lot. Constructed in 1958, owner recently put in a new roof last year. This property offers a favorable unit mix consisting of 100% large 2-bedroom/1-bathroom units + den (which is currently being used as a third bedroom) fully occupied. Each unit includes its own separate gas and electricity metering for added convenience. Owner currently pays for water and trash. Parking accommodation includes 4 covered garages and ample street parking. Current rents are significantly below market providing roughly 30% rental upside, with projected 5+% pro forma CAP rate. Strategically this property is located to a multitude of amenities and attractions. Residents enjoy close proximity to supermarkets, national retailers, restaurants, schools, and major transportation, including the 10 freeway and El Monte Metrolink Station. Owner is willing to carry paper.

Location

State CA

County Los Angeles

Area Listing

Zoning EMR3

Interior

Fireplace No

Laundry No Hookups

Exterior

Exterior Feature Other

Utilities Available Other Water/Sewer

Total Parking Spaces 4

Building

New Construction No

Others

Tax ID 8105020027

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Bridge MLS
Listed by Cray Carlson • CB RICHARD ELLIS
Bought with CrayCarlson
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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