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2826 Cogswell Rd 12 Unit Apartment Building $5,180,000 ($431,667/Unit) 4.82% Cap Rate El Monte, CA 91732
INVESTMENT HIGHLIGHTS
- Great Location in City of EL Monte
- Gated Community
EXECUTIVE SUMMARY
12 Units Condo Townhouse Built In Year 1981 at 2826 Cogswell Rd EL Monte CA 91732. There are 10 Units of 2 Bedrooms and 1.5 Baths Plus Attached 2-Car Garages at Monthly Rent $ 2,280 to $ 2,395 Per Unit. The Other 2 Units Are 3 Bedrooms With 1.5 Baths and Attached 2-Car Garage at Monthly Rent $ 2,639 Per Unit. Each Unit has been Renovated with Newer Laminate Flooring, Kitchen Cabinets with Granite Counter Top and Sink, Faucet, Newer Bathrooms Vanities / Cabinets / Mirrors. Each Unit Has Its Own Central AC/Heating System . Laundry Area with Washer and Dryer Hook-Up in The Garage For Each Unit. Total Monthly Gross Income $ 28,333. Annual Gross Income : $ 339,996 ; Annual Expense Includes the Current Property Tax and Insurance : $ 90,372; Annual Net Income : $ 249,624 . Tenants Pays Its Own Electricity and Gas Monthly. Owner Pays Water/ Trash Every Month. 12 Gas Meters and 12 Gas Meters and 1 Water Meter. Easy Maintenance with Low Cost Maintenance Fee. Close to Super Market , Bus Stations , Freeway Access 10,60 or 605. Property Across to Elementary School . No Pool, No HOA. Most of Tenants' Leases Are " Month-to- Month" . Best Income Property for Long-Term Investment . Each Unit with its Own APN. For Sale All 12 Units at 2826 Cogswell Rd # A, (APN#8106-004-020); #B (APN#:8106-004-021) ,#C (APN#8106-004-022) ,#D (APN#8106-004-023),#E (APN#8106-004-024), #F (APN#8106-004-025), # G (APN#8106-004-026) ,# H (APN#8106-004-027) , #J (APN#8106-004-028), #K (APN#8106-004-029) , # L (APN#8106-004-030) ,# M (APN#8106-004-031) with Each Individual APN's and Separate Property Tax Bill for Each Unit. Close to Supermarket , Bus Stations, Freeway Access 10, 60 and 605. Property Across to Elementary School. No Pool, No HOA . Low Maintenance Cost .
Seller, Listing Brokers, and Agents Do Not Represent or Guarantee the Accuracy of the Square Footage, Lot size, Bedroom/Bathroom Count, Dimensions, Any Permitted or Un-permitted Related to the Property. Buyers Are Advised to Independently Verify the Accuracy of All Info or Inspect with Buyers
Seller, Listing Brokers, and Agents Do Not Represent or Guarantee the Accuracy of the Square Footage, Lot size, Bedroom/Bathroom Count, Dimensions, Any Permitted or Un-permitted Related to the Property. Buyers Are Advised to Independently Verify the Accuracy of All Info or Inspect with Buyers
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $5,180,000 | Building Class | C |
| Price Per Unit | $431,667 | Lot Size | 0.53 AC |
| Sale Type | Investment | Building Size | 12,594 SF |
| Cap Rate | 4.82% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 12 | Year Built | 1981 |
| Property Type | Multifamily | Parking Ratio | 0.95/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | EMR3* - Please Check with City of El Monte CA | ||
| Price | $5,180,000 |
| Price Per Unit | $431,667 |
| Sale Type | Investment |
| Cap Rate | 4.82% |
| Sale Condition | 1031 Exchange |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 12,594 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 0.95/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | EMR3* - Please Check with City of El Monte CA |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Tub/Shower
- Dining Room
- Patio
SITE AMENITIES
- Controlled Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 10 | $9,155 | 800 - 1,100 |
| 3+1.5 | 2 | $3,959 | 1,000 - 1,300 |
Walk Score®
Very Walkable (78)
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2826 Cogswell Rd
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