Rare investment opportunity to acquire a gated 12-unit townhouse complex at 2826 Cogswell Rd, El Monte, perfectly positioned for 1031 exchange buyers and long-term investors. Built in 1984, this stabilized asset features a strong unit mix of (10) 2BR/1.5BA and (2) 3BR/1.5BA units, each uniquely benefiting from its own Individual APN and separate tax bill, providing unparalleled future exit flexibility. Every unit has been tastefully renovated with modern laminate flooring, granite countertops, and updated cabinetry, and comes equipped with an attached 2-car garage, private laundry hook-ups, and individual central HVAC systems. With tenants paying their own electricity and gas (12 separate meters) and the absence of an HOA or pool, this property ensures exceptionally low overhead and easy maintenance. Boasting a robust Monthly Gross Income of $31,215 and an Annual Net Income of $274,170, this turnkey portfolio offers immediate, high-yield returns. Located directly across from an elementary school with rapid access to the 10, 60, and 605 freeways, this is a high-occupancy gem in a prime San Gabriel Valley rental market.
Multi-familyProperty Type
1981Year Built
0.53 acresLot Size
$330Price/Sq.Ft.
2 car garageParking
Listed by Tian Qi•DRE #02167340• Latitude 33 Real Estate
Contact: 989-999-8899
Bought with Ariel Ma•DRE #02211916• Latitude 33 Real Estate
As the MLS and public records start to fill up, we'll list the details here.
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Multi-Family (5+ Unit)
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Los Angeles County
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8106004020
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Last updated by owner on Jun 25, 2022.
R-3
Medium-Density Multiple-Family Dwelling Districts
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.