3817 Cogswell Rd El Monte, CA 91732
Active
$7,500,000
6%
28 Units
54 Beds
28 Baths
25,285 Area(sq.ft.)
45,418 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 2 | 1 | 1 | No | $ 1,683 | $ 3,366 | $ 3,990 |
| Unit 2 | 26 | 2 | 1 | No | $ 1,874 | $ 48,735 | $ 59,670 |
| 2 | 28 | 54 | 28 | $ 52,090 | $ 1,273,842 | $ 1,559,400 |
| MLS #: | 24-421277 |
| Days On Market: | 59 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 297 |
| Price per unit: | $ 267,857 |
| Year Built: | 1979 |
Property Details
The 25,285 square foot buildings house 28 units, of which 26 contain two bedrooms. Because El Monte is not subject to more restrictive local rent control laws, an owner can benefit from higher allowable annual rent increases under California AB 1482. The spacious lot totals more than one acre in size, offering a new owner the potential opportunity to add ADUs for a substantial increase in income (Buyer to verify). Located near the intersection of Ramona Boulevard and Peck Road, the property offers tenants access to several nearby shopping and dining destinations, including The Shops at Santa Anita, The Shops at Montebello, and Plaza West Covina. The neighboring San Gabriel Valley cities of Arcadia, Pasadena, Alhambra, Montebello, and West Covina each boast numerous employment and retail centers, which residents can easily access via the nearby 10 and 605 Freeways as well as the El Monte Metrolink Station.Interested in this Listing?
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Income Details
| Vacancy Rate: | 2% |
| Gross Operating Income: | $ 609,216 |
| Total Annual Expense: | $ 260,849 |
| Net Operating Income: | $ 348,367 |
| Gross Annual Income: | $ 627,972 |
| Gross Rent Multiplier: | 11.94 |
Structure
| Type of Units: | Residential |
| Buildings: | 3 |
| Levels: | Two |
Land & Parking
| Zoning: | EMR3* |
| Parking Garage: | Assigned |
| Total Parking: | 54 |
Interior
| AC/Cooling: | Other |
| Equipment: | Other |
| Heating: | Other |
Exterior
Detailed Map
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