3642 Cogswell Rd

6 Unit Apartment Building $1,830,000 ($305,000/Unit) 5.22% Cap Rate El Monte, CA 91732

INVESTMENT HIGHLIGHTS

  • Lucrative Investment with stable income
  • Hugh lot (21,094 SF )with opportunity for development
  • Most units are renovated in the last 5 years.

EXECUTIVE SUMMARY

Prime Investment Opportunity in El Monte, Los Angeles, CA 91732
Discover a remarkable 6-unit residential investment, featuring a front building that houses a charming single-family home with 3 bedrooms and 1.5 baths. Additionally, there are 5 mixed units, offering a blend of 2-bedroom, 1-bath and 1-bedroom, 1-bath configurations. Situated on a generous lot of 21,100 square feet, this property is in good condition with renovations.
• Property Highlights:
o Single-Family Home: 3 bedrooms, 1.5 baths
o Mixed Units: 2-bedroom, 1-bath and 1-bedroom, 1-bath
o Lot Size: 21,100 square feet, Potential to develop residential or senior or retirement facility(verify with the city)
o Renovations: Most units are renovated in the last 5 years.
o Parking: New roof on detached garages accommodating 7 cars, plus 5 additional parking spaces
With a Gross Rent Multiplier (GRM) of 11.33 and a Current Cap Rate est. 5.22%, this property promises a robust return on investment. Don’t miss out on this lucrative opportunity in a desired location.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $161,520 $32.83
Other Income - -
Vacancy Loss $4,845 $0.98
Effective Gross Income $156,675 $31.84
Taxes $22,875 $4.65
Operating Expenses $38,359 $7.80
Total Expenses $61,234 $12.45
Net Operating Income $95,441 $19.40

PROPERTY FACTS

Price $1,830,000
Price Per Unit $305,000
Sale Type Investment
Cap Rate 5.22%
Sale Condition 1031 Exchange
Gross Rent Multiplier 11.33
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.47 AC
Building Size 4,920 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1950/2021
Parking Ratio 1.82/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Washer/Dryer
  • Family Room

SITE AMENITIES

  • Courtyard

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+1.5 1 $3,375 1,520
2+1 3 $2,265 742
1+1 2 $1,645 531

PROPERTY TAXES

ZONING

Zoning Code R3, El Monte (Multiple Family Dwelling)
  • Listing ID: 34291329

  • Date on Market: 12/25/2024

  • Last Updated:

  • Address: 3642 Cogswell Rd, El Monte, CA 91732