El Monte, CA 91733,11102 Bonwood RD
El Monte, CA 91733,11102 Bonwood RD
El Monte, CA 91733,11102 Bonwood RD
El Monte, CA 91733,11102 Bonwood RD
El Monte, CA 91733,11102 Bonwood RD
El Monte, CA 91733,11102 Bonwood RD
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$ 2,490,000
Est. payment | /mo

10 Beds

10 Baths

5,188 SqFt


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$ 2,490,000
Est. payment | /mo
Save

10 Beds

10 Baths

5,188 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,188 sqft

Price per Sqft $479

MLS Listing ID 25509123

Bedrooms 10

HOA Y/N No

Year Built 1959

Lot Size 6,076 Sqft

Property Description

Maywood Property Group is pleased to offer this rare investment opportunity: a 10-unit apartment building in the rapidly growing city of El Monte. Built in 1959, this well-maintained property features (9) one- bedroom, one-bathroom units and (1) charming studio unit. With the potential to add two to four ADUs, pending city approval, this asset presents a unique value-add opportunity. The property is situated at the end of a private cul-de-sac, directly adjacent to Cogswell Elementary School, making it highly attractive to long-term tenants. 11102 Bonwood Road has maintained a historically low vacancy rate due to strong rental demand, and it is currently being offered at an attractive near 6% cap rate on existing rents.The property has already seen significant improvements, with (7) out of (10) units remodeled, yet still offers additional upside potential. Investors can increase revenue by updating the remaining (3) units, adding an on- site washer and dryer for supplementary laundry income (as the laundry room is already built), and monetizing garage parking spaces, either by leasing them to tenants or converting them into additional ADUs. With its strong current cash flow and multiple avenues for increased returns, this property is a compelling opportunity for savvy investors looking to capitalize on the continued growth and demand in El Monte.**CONTACT LISTING BROKER FOR OM OR INQUIRIES NICK HAYNER 310.994.9158 | NICK@MAYWOODPROPERTYGROUP.COM** Upgraded Electrical | New Gutter System | 7 Units Remodeled Attractive 5.97% CAP | 7.9% Market CAPUpside Captured By Renovating Remaining 3 Units , RUBS Program, Adding 2-4 ADUs, Installing Paid Laundry In Existing Laundry Room

Location

State CA

County Los Angeles

Area 619 - El Monte

Zoning EMR3*

Interior

Interior Features Ceiling Fan(s)

Fireplace No

Appliance Disposal

Exterior

Parking Features Assigned, Covered, Driveway

Community Features Gated

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8105019030

Security Features Gated Community

Special Listing Condition Real Estate Owned

California Regional MLS (CRMLS)
Listed by Nicholas Hayner • Maywood Property Group

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

rwgbjg

Exceptional Realtors

There are a number of solid and competent realtors that can help you navigate the paperwork needed to either close a sale or negotiate a purchase of a home. The number of exceptional realtors who can develop a effective markeketing plan based on research, investment and strength of intellect and character are few and hard to find. Patrick and Ruby Raymond are those exceptional realtors. In addition, the other members of their team were each exceptional and epitomize professionalism. When Patrick first approached me, he stated a price than our home would generate that exceeded what I thought the market would bear. Then he proceeded to explain how this sale price could happen. First, he knew our neighborhood and its strength and weaknesses regarding its saleability. Next, he revealed the investments he had made to obtain a data base of pre-qualified buyers from throughout our state and around the country. Finally, Patrick and Ruby provided an in depth strategy on how to stage our home, establish timelines, and present tools they would use to sell the home. Some of their strategies were known but not always followed by other realtors, and additional strategies were proprietary to the Raymond team. The result was that we received three offers each either meeting of exceeding what Patrick and Ruby first told us our home could sell for. Throughout the process they both remained calm and focused even when little hickups occurred. It was a learning experience for us when we had questions about staging the home I found out later from the buyers how much Rubys’ strategies influenced their purchasing decision. Needless to say it is without any reservations that we would recommend the Raymond team whether you are purchasing or selling a home. P.S. They even gave us great input on strategies on how to buy our current home in a very competitive market.

Heather Squire

Transparent, Reliable & Honest

Ruby was extremely helpful, open, transparent, and reliable through the whole process, she really cared about us, understood our needs. Ruby was always available to answer our questions. Ruby really is the best! She was thorough and professional and great to work with. She scheduled the inspection and pest company, made it so easy to get everything done. She was honest and forthright- no games. Would use her again tomorrow if we were to buy or sell in the area.

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

agent
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | ruby@rubyraymond.com

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