3642 Cogswell Rd
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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 Opportunity
- Seller carry the 1st loan
- renovated in recent 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 recent 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
o Renovations: Recently renovated units
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 of 5.22%, this property promises a robust return on investment. Don’t miss out on this lucrative opportunity in a desired location. Sellers will carry the 1st loan for qualified buyers.
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 recent 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
o Renovations: Recently renovated units
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 of 5.22%, this property promises a robust return on investment. Don’t miss out on this lucrative opportunity in a desired location. Sellers will carry the 1st loan for qualified buyers.
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
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $161,520 |
| Annual Per SF | $32.83 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,845 |
| Annual Per SF | $0.98 |
| Effective Gross Income | |
|---|---|
| Annual | $156,675 |
| Annual Per SF | $31.84 |
| Taxes | |
|---|---|
| Annual | $22,875 |
| Annual Per SF | $4.65 |
| Operating Expenses | |
|---|---|
| Annual | $38,359 |
| Annual Per SF | $7.80 |
| Total Expenses | |
|---|---|
| Annual | $61,234 |
| Annual Per SF | $12.45 |
| Net Operating Income | |
|---|---|
| Annual | $95,441 |
| Annual Per SF | $19.40 |
Property Facts
Unit Amenities
- Washer/Dryer
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 |
PROPERTY TAXES
Parcel Number
8549-033-010
Land Assessment
$736,241
Improvements Assessment
$1,104,362
Total Assessment
$1,840,603
Annual Taxes
$22,875 ($4.65/SF)
Tax Year
2024
zoning
| Zoning Code | R3, El Monte |
| R3, El Monte |
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3642 Cogswell Rd
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