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2826 Cogswell Road, El Monte, CA

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2826 Cogswell Road

El Monte, CA 91732-3555 - Mountain View MF Submarket


Property Type:Multi-Family Number of Units:12 Status:Existing Year Built:1981
Stories:2 Building Size:12,594 SF Land Area:.53 AC (22,926 SF)
For Sale Price:$3,488,000 Price/Unit:$290,666.67 Cap Rate:4.27 % GRM:-

Parking:-



Sale Notes:
RE/MAX Commercial & Investment Realty is proud to introduce the sale of this 12 unit condominium complex in El Monte. The property consists of 12 separate APNs sold as an apartment building with a unit mix of 10 (2bd + 2 ba) and 2 (3bd + 2 ba). Each unit has a two story floor plan, attached 2 car garages, central air and heat, and laundry hookups. There have been recent extensive upgrades with 100% occupancy providing excellent cash flow.
This property allows an investor to implement various holding strategies: A passive approach, whereas a buyer can enjoy immediate cashflow upon the close of escrow; A aggressive approach, by issuing rental increases to raise to rents to market and increase potential yield; and/or an Innovative Approach, whereas a buyer may potentially sell the units individually as an exit strategy.
PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS. DRIVE BY ONLY.
Prime San Gabriel Valley Location. Near the 10 freeway on Cogswell Road.

Highlights:
Separate APNs - No HOA
Excellent Unit Mix: 10 (2 bd + 2 ba) and 2 (3 bd + 2 ba)
Many Upgrades and Renovations to Select Units Including New Garage Doors
Great Rental Market with Low Vacancies and Strong Rents
All Units are 2-Story Townhouse Units with Attached 2 Car Garages

RE/MAX Commercial & Investment Realty
James Torres
(213) 817-1000

Enrique Viramontes
(213) 817-1000 x103




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