3817 Cogswell Rd, El Monte, California, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$8,000,000

3817 Cogswell Rd
El Monte, California, United States

54bd 28ba

Listed By: Realtyww Info

Listed On: 08/02/2024

Listing ID: GL11738775 View More Details

Description

The 25, 285 square foot buildings house 28 units, of which 26 contain two bedrooms. Because El Monte is not subject to more restrictive local rent control laws, an owner can benefit from higher allowable annual rent increases under California AB 1482. The spacious lot totals more than one acre in size, offering a new owner the potential opportunity to add ADUs for a substantial increase in income (Buyer to verify). Located near the intersection of Ramona Boulevard and Peck Road, the property offers tenants access to several nearby shopping and dining destinations, including The Shops at Santa Anita, The Shops at Montebello, and Plaza West Covina. The neighboring San Gabriel Valley cities of Arcadia, Pasadena, Alhambra, Montebello, and West Covina each boast numerous employment and retail centers, which residents can easily access via the nearby 10 and 605 Freeways as well as the El Monte Metrolink Station.

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Listed by: Roderick 'rick' Raymundo