Listed by John Tran•DRE #01359195• NextGen Team Realty
For sale
$1,070,000
Est. $6,943/mo —
8
bd
•
4 ba
•
3,166
sq ft
11101 Bonwood Rd, El Monte, CA 91733
About this home
INVESTMENT AND OPPORTUNITY FOR OWNER OCCUPIED IN EL MONTE. Unlock exceptional potential with this diamond in the rough— Live in One Unit and Rent out the rest. Fully Renovated Unit #2. This multifamily complex has long-term tenants—offering stable cash flow and massive upside for value-driven investors or owner. Each unit features spacious 2-bedroom and 1 bathroom layouts with open-concept floor plans, Individual utility meters, an enclosed front yard, a central courtyard, 4 dedicated rear parking spaces, and ample street parking. 4 separate electric & gas meters, and 1 common water meter. Great potential for ADU on top of parking for additional income. 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!
Mountain View, located between Peck Road and Santa Anita Avenue, is a residential and light-industrial El Monte neighborhood with a foothill backdrop and a grid of wide arterials. The neighborhood’s character concentrates around Peck Road near Valley Boulevard, where auto shops, taquerías, and small storefronts set a busy, working-day rhythm. Mid-century ranch houses and compact apartment courts sit alongside warehouses and service yards, giving blocks a practical, lived-in feel. Mountain View Park adds lawns, courts, and a steady cadence of local recreation. The Rio Hondo channel edges the area with long, open sightlines and bike-path energy. Street food and casual dining cluster along Valley Boulevard, with long-running local counters acting as familiar landmarks.
Consistent with the General Plan Land Use Designation of Medium Density Residential. This zoning district allows for apartments, townhouses and Planned Residential Developments (PRDs).; Provide a variety of multi-family residential dwellings ranging from suburban to more urban standards characterized by multi-story residential structures focused around common open space areas and other amenities to suit a spectrum of individual lifestyles and needs.; Maintain the existing character of the city's multiple-family residential neighborhoods, while providing new opportunities for unit additions and infill housing.; Ensure that the scale and design of new development and alterations and additions to existing dwellings are compatible with the scale, mass and character of their neighborhoods, and protect adjacent properties from unreasonable obstruction of light and air.; Provide for appropriate densities within the ranges established in the general plan.; Create opportunities to develop walkable neighborhoods in close proximity to commercial areas, recreational amenities and different modes of transit.
Local insights from Redfin agents
The real estate market is becoming more balanced. Buyers have more inventory, more data, and more time to make informed decisions than they did a year ago. Well-priced homes are still moving quickly, but today’s market rewards preparation, strategy,...