11122 Bonwood Road

El Monte, CA 91733

$1,450,000
Price
6
Beds
6
Baths
6,279 Sq. Ft.
$231 / Sq. Ft.
6,279
Sq. Ft.
$231
per Sq. Ft.

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.
  1. 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 Pool
No
Cooling Type
Wall/Window
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6279
Assessor Parcel Number
8105-019-035
LISTING UPDATED: 10/28/2024 03:42 PM

Property Details for 11122 Bonwood Road

StatusActive
MLS #TR24221847
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
CountyLos Angeles County

Building Information for 11122 Bonwood Road

Building/Complex11122 Bonwood RdFloor-Stories2Residences-Pet Policy-Year Built1958Building Size-

Property Information for 11122 Bonwood Road

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $120,693
  • Gross Scheduled Income: $118,140
  • Net Operating Income: $79,376
  • Laundry Income: $2,553
Expense Details
  • Operating Expense: $38,764
  • Gardener Expense: $1,750
  • Fuel Expense: $4,135
  • Licenses Expense: $214
  • Pest Control Expense: $650
  • Electric Expense: $407
  • Insurance Expense: $2,171
  • Maintenance Expense: $5,793
  • Professional Management Expense: $8,844
  • Trash Expense: $3,348
  • Water Sewer Expense: $5,664
  • Total Expenses: $32,979
Tax / Assessment Info
  • Tax Tract Number: 23323
  • Tax Census Tract: 4339.03
  • CFD/Mello-Roos Fee: $4,816
  • Tax Lot: 19
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
Exterior Features
  • Entry Location: Up and down
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Additional Parcels Description: 8105019034
  • Lot Features: Rectangular Lot
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: See Remarks
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,630
  • Unit Type Total Rent: $6,520
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,725
  • Unit Type Total Rent: $1,725
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 6

Property History for 11122 Bonwood Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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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11122 Bonwood Road is a multi-family home for sale in El Monte, CA 91733. This property was listed for sale on October 25, 2024 by Keller Williams Signature Realty, it's currently listed at $1,450,000. This listing's school districts are El Monte Union High School District, Mountain View Elementary School District. Nearby schools include Cogswell Elementary School, Charles T. Kranz Intermediate School and South El Monte High School. 11122 Bonwood Road is a 6-bed, 6-bath, 6,279 sqft multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Signature Realty, Jennie Leung, DRE #02011045

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.