El Monte, CA 91733 11122 Bonwood Road
$1,450,000
Sold: Apr 01, 2025



20 more





















Presented By: Jennie Leung with Pinnacle Real Estate Group; 909-322-4350
Home Details
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.
Presented By: Jennie Leung with Pinnacle Real Estate Group; 909-322-4350
General for 11122 Bonwood Road
Additional Parcels Description8105019034
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Buyer FinancingCash
Carport Y/NNo
CityEl Monte
Close Price1305000.0
Community FeaturesSidewalks
CoolingWallWindowUnits
CountyLos Angeles
DirectionsGPS
ElectricStandard
Electric Expense407.0
Electric On Property Y/NNo
Entry LocationUp and down
Fuel Expense4135.0
Garage Spaces0.0
Garage Y/NNo
Gross Income120693.0
HOANo
HeatingForcedAir
Home Warranty Y/NNo
Insurance Expense2171.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToExistingLoan, Conventional, Exchange1031, OwnerMayCarry
Lot Size Square Feet6279.0
Lot Size UnitsSquareFeet
MLS Area619 - El Monte
MaintenanceExpense5793.0
MobileHomeRemainsYNNo
Net Operating Income79376.0
New ConstructionNo
Number Of Units Total6
Number of Units Leased6
Operating Expense38764.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusClosed
StatusClosed
Tax Lot19
Tenant PaysElectricity, Gas
Total Actual Rent9845.0
Trash Expense3348.0
UtilitiesSeeRemarks
Water Sewer Expense5664.0
Waterfront Y/NNo
Year Built1958
Year Built SourceAssessor
ZoningEMR3*
Interior for 11122 Bonwood Road
Air Conditioning Y/NYes
Basement (Y/N)No
BuyerOfficeEmailNONE@CRMLS.ORG
Common WallsTwoCommonWallsOrMore
Entry Level12
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2
Exterior for 11122 Bonwood Road
Building Area Total6279.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.1441
Lot Size Area6279.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History

Justin Hughey
Price
$1,450,000
MLS#TR24221847
List Date
10/28/2024
Property Type
Multi-Family
Phone
(562) 818-1655