El Monte, CA 91733,11132 Bonwood RD
Listed by Suong Vu • Dang Mortgage Team Inc.
Bought with ANDY YU

$990,000

Est. payment /mo

$995,000

0.5%
Est.Price: ?

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11132 Bonwood RD El Monte, CA 91733

6,389 Sqft Lot

SOLD DATE : 09/05/2025

Key Details

Sold Price $990,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRPW25087479

Sold Date 09/05/25

Year Built 1958

Lot Size 6,389 Sqft

Property Sub-Type Fourplex

Source California Regional MLS

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 m

Location

State CA

County Los Angeles

Area 619 - El Monte

Rooms

Kitchen Garbage Disposal

Interior

Heating Wall Furnace

Cooling None

Laundry In Laundry Room, Laundry Area, 30, 38

Exterior

Parking Features Assigned Spaces, Carport

Garage Spaces 4.0

Pool 31, None

Building

Water Hot Water, District - Public

Others

Tax ID 8105019036

Special Listing Condition Not Applicable

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