The 25,285 square foot buildings house 28 units, of which 26 contain two bedrooms. Because El Monte is not subject to more restrictive local rent control laws, an owner can benefit from higher allowable annual rent increases under California AB 1482. The spacious lot totals more than one acre in size, offering a new owner the potential opportunity to add ADUs for a substantial increase in income (Buyer to verify). Located near the intersection of Ramona Boulevard and Peck Road, the property offers tenants access to several nearby shopping and dining destinations, including The Shops at Santa Anita, The Shops at Montebello, and Plaza West Covina. The neighboring San Gabriel Valley cities of Arcadia, Pasadena, Alhambra, Montebello, and West Covina each boast numerous employment and retail centers, which residents can easily access via the nearby 10 and 605 Freeways as well as the El Monte Metrolink Station.
Property Details
Price:
$7,500,000
MLS #:
24421277
Status:
Active Under Contract
Baths:
0
Address:
3817 Cogswell Road
Type:
Residential Income
Neighborhood:
619elmonte
City:
El Monte
Listed Date:
Jul 29, 2024
State:
CA
ZIP:
91732
Lot Size:
45,418 sqft / 1.04 acres (approx)
Year Built:
1979
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Schools
Interior
Exterior
Parking Features
Assigned
Parking Spots
54.00
Stories Total
2
Financial
Map
Community
- Address3817 Cogswell Road El Monte CA
- Area619 – El Monte
- CityEl Monte
- CountyLos Angeles
- Zip Code91732
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3817 Cogswell Road
El Monte, CA
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