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Listed by Suong Vu • Dang Mortgage Team Inc.
$ 1,100,000
Est. payment /mo
Active
11132 Bonwood Road El Monte, CA 91733
3,352 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,352 sqft
Price per Sqft $328
MLS Listing ID PW-25087479
Year Built 1958
Lot Size 6,389 Sqft
Property Sub-Type Quadruplex
Property Description
INVESTMENT GEM IN PRIME EL MONTE. Unlock exceptional potential with this diamond in the rough--a rare opportunity to acquire a 4-unit income property situated on a corner lot in the heart of El Monte. This multifamily complex has long-term tenants, many of whom have called it home for decades--offering stable cash flow and massive upside for value-driven investors. Each unit features spacious 2-bedroom layouts with open-concept floor plans, Individual utility meters, Shared on-site laundry facility (a value-add income stream), an enclosed front yard, a central courtyard, 4 dedicated rear parking spaces, and ample street parking. With NO local rent control in El Monte and favorable AB1482 guidelines (annual increases of up to 10% or 5% + CPI), investors have the flexibility to strategically raise rents, enhance unit interiors, or add modern amenities to significantly increase returns. Plus, take advantage of generous tax strategies, including cost segregation, to optimize long-term profitability. Located near Durfee Ave and Rush St, this property is steps from shopping and dining such as CVS, Marshalls, Panda Express, Starbucks, and Superior Grocers--plus just minutes from El Monte Community Hospital. Surrounded by Temple City, Arcadia, San Gabriel, and Rosemead, and only 15 miles from Downtown LA and 29 miles to Ontario Airport, with seamless access to I-10, I-60, I-605, and the El Monte Metrolink Station--making this a commuter's dream and a smart addition to any real estate portfolio. Whether you're a seasoned investor or just entering the multifamily space, this is the kind of asset that builds long-term wealth. Don't miss your chance to transform this rare multi-unit into a cash-flow powerhouse!
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR3*
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Laundry Common Area, Gas & Electric Dryer Hookup, Individual Room, Washer Hookup
Exterior
Parking Features Assigned, Carport
Pool None
Community Features Sidewalks
Utilities Available See Remarks
Building
Lot Description Corner Lot, Landscaped
Sewer Other, Public Sewer