$2,350,000
SOLD JUL 10, 2025
10 Beds
10 Baths
5,188 Sq Ft
6,077 Sq Ft Lot

Recently Sold

$453 Per Sq Ft

6% Below List Price

113 Days on Market

Highlights

  • Built-In Features
  • Ceiling Fan
  • Gated Home

About This Home

As of July 2025

Maywood Property Group is pleased to offer this rare investment opportunity: a 10-unit apartment building in the rapidly growing city of El Monte. Built in 1959, this well-maintained property features (9) one- bedroom, one-bathroom units and (1) charming studio unit. With the potential to add two to four ADUs, pending city approval, this asset presents a unique value-add opportunity. The property is situated at the end of a private cul-de-sac, directly adjacent to Cogswell Elementary School, making it highly attractive to long-term tenants. 11102 Bonwood Road has maintained a historically low vacancy rate due to strong rental demand, and it is currently being offered at an attractive near 6% cap rate on existing rents.The property has already seen significant improvements, with (7) out of (10) units remodeled, yet still offers additional upside potential. Investors can increase revenue by updating the remaining (3) units, adding an on- site washer and dryer for supplementary laundry income (as the laundry room is already built), and monetizing garage parking spaces, either by leasing them to tenants or converting them into additional ADUs. With its strong current cash flow and multiple avenues for increased returns, this property is a compelling opportunity for savvy investors looking to capitalize on the continued growth and demand in El Monte.**CONTACT LISTING BROKER FOR OM OR INQUIRIES NICK HAYNER 310.994.9158 | NICK@MAYWOODPROPERTYGROUP.COM** Upgraded Electrical | New Gutter System | 7 Units Remodeled Attractive 5.97% CAP | 7.9% Market CAPUpside Captured By Renovating Remaining 3 Units , RUBS Program, Adding 2-4 ADUs, Installing Paid Laundry In Existing Laundry Room

Last Agent to Sell the Property

Nicholas Hayner

Maywood Property Group License #02090908 Listed on: 03/10/2025

Last Buyer's Agent

ROBERT WINTERS

RE/MAX TIME REALTY License #01854759

RE/MAX TIME REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,077 Sq Ft Lot
  • Gated Home

Interior Spaces

  • 5,188 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Parking

  • Covered Parking
  • Driveway
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 8105-019-030

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5188
  • Lot Acreage: 0.1395
  • Year Built: 1959
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 10.00
  • Equipment: Ceiling Fan, Garbage Disposal, Built-Ins, Range/Oven, Recirculated Exhaust Fan
  • Price Per S Q F T: 479.95

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned, Covered Parking, Garage - 4+ Car, Driveway

Utilities

  • Cooling: Wall Unit(s)
  • Security: Gated

Lot Info

  • Assessed Improvement Percent: 30.23
  • Assessed Improvement Value: 621118
  • Assessed Land Percent: 69.77
  • Assessed Land Value: 1433671
  • Total Assessed Value: 2054789
  • Assessor Parcel Number: 8105-019-030
  • Lot Size Area: 6077

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 11.37
  • Number Of Units: 10
  • Total Annual Expense: 63994
  • Type Of Units: Apartments
  • Vacancy Rate: 0

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 Sold $2,350,000 -5.6% $453 / Sq Ft
07/01/2025 07/01/25 Pending -- -- --
03/10/2025 03/10/25 For Sale $2,490,000 +26.1% $480 / Sq Ft
04/05/2022 04/05/22 Sold $1,975,000 0.0% $381 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
01/28/2022 01/28/22 For Sale $1,975,000 +64.6% $381 / Sq Ft
10/05/2016 10/05/16 Sold $1,200,000 0.0% $231 / Sq Ft
10/02/2016 10/02/16 Pending -- -- --
08/18/2016 08/18/16 Price Changed $1,200,000 -7.7% $231 / Sq Ft
08/10/2016 08/10/16 For Sale $1,300,000 -- $250 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25509123

The MLS