3642 Cogswell Rd
6 Unit Apartment Building $1,830,000 ($305,000/Unit) 5.22% Cap Rate El Monte, CA 91732
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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.
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
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$32.83
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Other Income |
-
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-
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Vacancy Loss |
$4,845
![]() |
$0.98
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Effective Gross Income |
$156,675
![]() |
$31.84
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Taxes |
$22,875
![]() |
$4.65
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Operating Expenses |
$38,359
![]() |
$7.80
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Total Expenses |
$61,234
![]() |
$12.45
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Net Operating Income |
$95,441
![]() |
$19.40
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PROPERTY FACTS
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 |
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PROPERTY TAXES
Parcel Number | 8549-033-010 | Total Assessment | $1,840,603 |
Land Assessment | $736,241 | Annual Taxes | $22,875 ($4.65/SF) |
Improvements Assessment | $1,104,362 | Tax Year | 2024 |
ZONING
Zoning Code | R3, El Monte (Multiple Family Dwelling) |