11101 Bonwood Road, El Monte, California 91733, El Monte, 91733 - bed, bath

11101 Bonwood Road, El Monte, California 91733 home-pic-0
ACTIVE$985,000
11101 Bonwood Road, El Monte, California 91733
0Bed
0Bath
3,166Sqft
6,252Lot
Year Built
1957
Close
-
List price
$985K
Original List price
$985K
Price/Sqft
$311
HOA
-
Days on market
-
Sold On
-
MLS number
OC24196350
Home ConditionFair
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

We found 2 Cons,3 Pros. Rank: price - $985.0K(50th), sqft - 3166(63th), beds - undefined(50th), baths - undefined(50th).

Excellent opportunity to own this four-plex income property in El Monte! Currently fully occupied property with great tenants. All units come with 2 bedrooms, 1 bathroom, 4 separate electric & gas meters, and 1 common water meter. Great potential for ADU out of the large courtyard. Property sale as is. A little TLC can absolutely turn it into a much more lucrative property. Conveniently located on Garvey Ave and near the 10 freeway, it is surrounded by plenty of shopping centers, restaurants, markets, and other amenities. The potential for revenue growth is abundant! Tenants are going through eviction process. Therefore, the unit will be vacant for you to do all the remodeling to the complex and rented out for current market value.

Condition Rating
Fair

The property was built in 1957 and is described as needing 'a little TLC'. The images show outdated kitchens and bathrooms, suggesting that while the property may have been maintained, it has not been recently renovated. The description mentions potential for remodeling, further indicating that updates are needed to bring the property to current market standards. Therefore, a 'fair' condition score is appropriate.
Pros & Cons

Pros

Income Potential: Four-plex property with existing units, offering immediate income potential upon vacancy and renovation.
Separate Utilities: Each unit has separate electric and gas meters, reducing landlord expenses and simplifying tenant billing.
ADU Potential: Large courtyard offers potential for constructing an Additional Dwelling Unit (ADU), further increasing income.

Cons

Eviction Process: Tenants are currently undergoing eviction, creating immediate vacancy and potential delays in generating income.
As-Is Condition: Property is sold as-is and requires TLC, potentially incurring significant renovation costs to maximize its value and rental income.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state