Bought with Cray Carlson • CB RICHARD ELLIS
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Key Details
Sold Price $900,000
Property Type Multi-Family
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
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1958
Lot Size 6,610 Sqft
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
Interior
Fireplace No
Laundry No Hookups
Building
Water Public
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