11126 Bonwood Rd, El Monte, California, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$1,450,000

11126 Bonwood Rd
El Monte, California, United States

12bd 6ba

Listed By: Realtyww Info

Listed On: 09/09/2024

Listing ID: GL11263066 View More Details

Description

We are proud to present 11126 Bonwood Ave., El Montea prime 6-unit investment opportunity in the thriving West San Gabriel Valley. This two-story courtyard-style community, built in 1958, offers excellent curb appeal and stable cash flow. The property, situated on a 6, 367 sqft lot, has a total building size of approximately 5, 102 sqft, with spacious two-bedroom, one-bathroom units averaging 850 sqft each (buyer to verify). Each unit features an open floor plan, a welcoming living room, and generously sized bedrooms. The property includes a secured courtyard, a greenbelt front yard, six rear parking spots, and additional street parking. It is separately metered for gas and electricity, serviced by central water heaters, and shares a laundry facility with an adjacent property. Investors can easily add a laundry room for extra income or possibly acquire the neighboring property to expand their portfolio. Most tenants have lived here for over a decade, fostering a strong sense of community. The property management and owner have ensured the building is well-maintained. With no local rent control ordinance in El Monte, annual rent increases of up to 10% or 5% + CPI are possible (per California AB1482). Located near Durfee and Rush Rd, this property offers excellent proximity to local shopping and dining, including CVS, Superior Grocers, Marshalls, Panda Express, Starbucks, and El Monte Community Hospital. Bordered by Temple City, Arcadia, San Gabriel, and Rosemead, the property is just 15 miles from Downtown Los Angeles and 29 miles from Ontario Airport, with easy access to the 60, 10, and 605 freeways, the El Monte Metrolink Station, public transportation, and major San Gabriel Valley amenities.

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Listed by: Jennie Leung