11122 Bonwood Road
$1,450,000
6
6
6,279
6,279
$231
Description
We are proud to present a unique 12-unit investment opportunity at 11122 and 11126 Bonwood Ave., El Monte—a prime asset in the thriving West San Gabriel Valley listed at $2,900,000. These two adjacent, two-story courtyard-style communities, built in 1958, boast excellent curb appeal and stable cash flow. Combined, the properties sit on a total lot size of 12,734 sqft, featuring an approximate total building size of 10,204 sqft, with twelve spacious two-bedroom, one-bathroom units averaging ±850 sqft...We are proud to present a unique 12-unit investment opportunity at 11122 and 11126 Bonwood Ave., El Monte—a prime asset in the thriving West San Gabriel Valley listed at $2,900,000. These two adjacent, two-story courtyard-style communities, built in 1958, boast excellent curb appeal and stable cash flow. Combined, the properties sit on a total lot size of 12,734 sqft, featuring an approximate total building size of 10,204 sqft, with twelve spacious two-bedroom, one-bathroom units averaging ±850 sqft each (buyer to verify), totaling 24 bedrooms and 12 bathrooms. Each unit offers an open floor plan, a welcoming living room, and generously sized bedrooms, fostering a comfortable and community-oriented atmosphere among tenants, many of whom have lived here for over a decade. The properties share a secure courtyard, a greenbelt front yard, twelve rear parking spots, and additional street parking. Both buildings are separately metered, with a total of 14 gas meters, 14 electrical meters, and 2 water meters, and they include a shared laundry facility for additional income. With two APN numbers (8105019034 and 8105019035), this combined investment offers various opportunities to maximize income, including rental increases, laundry income, and upgrades to units or amenities. El Monte’s absence of a local rent control ordinance allows for annual rent increases of up to 10% or 5% + CPI per California AB1482. Additionally, owning this income property allows investors to maximize various tax benefits, including cost segregation. Located near Durfee and Rush Rd, this property is ideally positioned close to local shopping and dining options, such as CVS, Superior Grocers, Marshalls, Panda Express, Starbucks, and El Monte Community Hospital. Surrounded by Temple City, Arcadia, San Gabriel, and Rosemead, this complex is just 15 miles from Downtown Los Angeles and 29 miles from Ontario Airport, with seamless access to the 60, 10, and 605 freeways, the El Monte Metrolink Station, public transportation, and all major San Gabriel Valley amenities. This dual-building investment offers a unique opportunity for investors seeking steady income growth in a high-demand area.
- Listed by Jennie Leung • DRE #02011045 • Brokerage DRE #01884917 • Keller Williams Signature Realty • 909-322-4350
Property Details for 11122 Bonwood Road
Parking Spaces Total
0
Private PoolNo
Cooling TypeWall/Window
Total Units6.0
Building TypeAttached
Lot Size SourceAssessor
Living Area6279
Assessor Parcel Number8105-019-035
LISTING UPDATED: 10/28/2024 03:42 PM
Property Details for 11122 Bonwood Road
Status | Active |
---|---|
MLS # | TR24221847 |
Days on Market | 3 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1958 |
County | Los Angeles County |
Building Information for 11122 Bonwood Road
Building/Complex11122 Bonwood RdFloor-Stories2Residences-Pet Policy-Year Built1958Building Size-
Property Information for 11122 Bonwood Road
Property History for 11122 Bonwood Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 11122 Bonwood Road
Taxable ValueLand$130,631Additions$163,111Total$293,742
Tax Record2024$9,131 ($761 / month)
Home Facts
Total Finished SqFt5,102 SqFtAbove Grade Finished SqFt5,102 SqFtLot Size6,277 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningEMR3*CountyLOS ANGELESAPN8105-019-034
Schools near 11122 Bonwood Road
This home is within El Monte Union High School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 10 to 12 |
Rating | School | Distance |
---|---|---|
Cogswell Elementary School PublicK to 6 | ||
Charles T. Kranz Intermediate School Public7 to 8 | ||
South El Monte High School Public9 to 12 | ||
Fernando R. Ledesma Continuation High School Public10 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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