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11140 Bonwood RD El Monte, CA 91733
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Key Details
Sold Price $900,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24102668
Year Built 1958
Lot Size 6,608 Sqft
Property Description
4-unit multifamily property situated at 11140 N Bonwood Rd in El Monte. The property features one building and the units totaling approximately 3,300 square feet on a spacious 0.15 acre lot. Constructed in 1958, owner recently put in a new roof last year. This property offers a favorable unit mix consisting of 100% large 2-bedroom/1-bathroom units + den (which is currently being used as a third bedroom) fully occupied. Each unit includes its own separate gas and electricity metering for added convenience. Owner currently pays for water and trash. Parking accommodation includes 4 covered garages and ample street parking. Current rents are significantly below market providing roughly 30% rental upside, with projected 5+% pro forma CAP rate. Strategically this property is located to a multitude of amenities and attractions. Residents enjoy close proximity to supermarkets, national retailers, restaurants, schools, and major transportation, including the 10 freeway and El Monte Metrolink Station.
Owner is willing to carry paper.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR3*
Interior
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Unknown
Water Public
New Construction No
Others
Acceptable Financing Owner May Carry
Listing Terms Owner May Carry
Special Listing Condition Standard
Read Less
Bought with Cray Carlson • CB RICHARD ELLIS
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