11126 Bonwood RD El Monte, CA 91733
5,102 SqFt
UPDATED:
09/30/2024 06:25 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,102 sqft
Price per Sqft $284
MLS Listing ID TR24170754
HOA Y/N No
Year Built 1958
Lot Size 6,368 Sqft
Acres 0.1462
Property Description
This two-story courtyard-style community, built in 1958, offers excellent curb appeal and stable cash flow. The property, situated on a 6,367 sqft lot, has a total building size of approximately 5,102 sqft, with spacious two-bedroom, one-bathroom units averaging ±850 sqft each (buyer to verify). Each unit features an open floor plan, a welcoming living room, and generously sized bedrooms.
The property includes a secured courtyard, a greenbelt front yard, six rear parking spots, and additional street parking. It is separately metered for gas and electricity, serviced by central water heaters, and shares a laundry facility with an adjacent property. Investors can easily add a laundry room for extra income or possibly acquire the neighboring property to expand their portfolio.
Most tenants have lived here for over a decade, fostering a strong sense of community. The property management and owner have ensured the building is well-maintained.
With no local rent control ordinance in El Monte, annual rent increases of up to 10% or 5% + CPI are possible (per California AB1482).
Located near Durfee and Rush Rd, this property offers excellent proximity to local shopping and dining, including CVS, Superior Grocers, Marshalls, Panda Express, Starbucks, and El Monte Community Hospital. Bordered by Temple City, Arcadia, San Gabriel, and Rosemead, the property is just 15 miles from Downtown Los Angeles and 29 miles from Ontario Airport, with easy access to the 60, 10, and 605 freeways, the El Monte Metrolink Station, public transportation, and major San Gabriel Valley amenities.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR3*
Rooms
Ensuite Laundry See Remarks
Interior
Laundry Location See Remarks
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Garage Off Street, One Space, Uncovered
Pool None
Community Features Valley
Parking Type Off Street, One Space, Uncovered
Total Parking Spaces 6
Private Pool No
Building
Lot Description Front Yard, Near Public Transit
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8105019035
Energy Description 3478.0
Acceptable Financing Cash, Cash to Existing Loan, Conventional, 1031 Exchange, Owner Will Carry
Listing Terms Cash, Cash to Existing Loan, Conventional, 1031 Exchange, Owner Will Carry
Special Listing Condition Standard
