Home For Sale In El Monte, California

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.