2274 Cogswell Road, El Monte, California 91732, El Monte, 91732 - 5 bed, 4 bath
ACTIVE$948,000$1,993/sqft
Est. Value: $949,470
%
FairlyEstimate
2274 Cogswell Road, El Monte, California 91732
5Beds
4Baths
1,993Sqft
5,456Lot
Price Vs. Estimate
The estimated value ($949,469.685) is $1,469.685 (0%) lower than the list price ($948,000). This property may be overpriced.
Key pros and cons
Top Pros:
Dual Income & Multi-Generational Potential: This rare two-unit property, featuring a fully renovated main house and a permitted ADU with separate addresses, offers exceptional flexibility for dual rental income, house hacking, or multi-generational living arrangements.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1993, other record living area = 1306. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Compared to the nearby listings
Price:$948.0K vs avg $800.0K (+$148,000)85%
Size:1,993 sqft vs avg 1,578 sqft64%
Price/sqft:$476 vs avg $51544%
More Insights
Built in 1951 (75 years old).
Condition: Despite being built in 1951, the property has undergone a full and extensive recent renovation, as explicitly stated in the description and clearly visible in the images. Both the main house and the ADU feature brand new, modern kitchens with white shaker cabinets, quartz countertops, and stainless steel appliances. The bathrooms are also completely updated with contemporary vanities, fixtures, and tiled showers. New light wood-look flooring, recessed lighting, and fresh paint are present throughout, giving the entire property a 'virtually new' and 'turnkey' feel, meeting current quality standards with no deferred maintenance.
Year Built
1951
Close
-
List price
$948K
Original List price
$948K
Price/Sqft
$476
HOA
-
Days on market
-
Sold On
-
MLS number
WS26007985
Home ConditionExcellent
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
Rare two-unit property with separate addresses featuring a fully renovated main house + permitted ADU—an excellent opportunity for owner-users or income-focused investors. The main unit (2274) offers 3 bedrooms, 3 bathrooms, approx. 1,480.50 sq ft, while the permitted ADU (2276) provides 2 bedrooms, 1 bathroom, approx. 512.50 sq ft. Together, the property offers a total of 5 bedrooms, 4 bathrooms, and approximately 1,993 sq ft of combined living space, with independent living areas for each unit—ideal for dual rental income, house hacking, or multi-generational living. Turnkey condition with strong rental flexibility, conveniently located near shopping, schools, and major freeways—a rare, low-maintenance two-unit asset in today’s market.
C
C. J. DUAN
Listing Agent
Price History
Date
Event
Price
06/17/24
Sold
$681,000
06/14/24
Sold
$590,000
04/24/03
Sold
$230,000
Condition Rating
Excellent
Despite being built in 1951, the property has undergone a full and extensive recent renovation, as explicitly stated in the description and clearly visible in the images. Both the main house and the ADU feature brand new, modern kitchens with white shaker cabinets, quartz countertops, and stainless steel appliances. The bathrooms are also completely updated with contemporary vanities, fixtures, and tiled showers. New light wood-look flooring, recessed lighting, and fresh paint are present throughout, giving the entire property a 'virtually new' and 'turnkey' feel, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
Dual Income & Multi-Generational Potential: This rare two-unit property, featuring a fully renovated main house and a permitted ADU with separate addresses, offers exceptional flexibility for dual rental income, house hacking, or multi-generational living arrangements.
Turnkey & Renovated Condition: The property is described as 'turnkey' with a 'fully renovated main house,' suggesting it is ready for immediate occupancy or rental without significant upfront repairs or updates for the primary unit.
Permitted ADU: The presence of a permitted Accessory Dwelling Unit (ADU) significantly enhances the property's value, rental income potential, and legal compliance, making it a highly desirable asset in today's market.
Strategic Location: Conveniently located near shopping, schools, and major freeways, the property offers easy access to amenities and transportation, appealing to a broad range of potential tenants or owner-occupants.
Rare Asset Type: Marketed as a 'rare, low-maintenance two-unit asset,' this property stands out due to its unique configuration and income-generating capabilities, distinguishing it from typical single-family homes.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1993, other record living area = 1306. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Aggressive Pricing Relative to Recent Sales: The current list price of $948,000 is substantially higher than the recent sales in June 2024 ($681,000 and $590,000), which may indicate an aggressive pricing strategy or a significant, unquantified renovation investment that buyers will need to justify.
Age of Original Structure: Built in 1951, the property's original structure is over 70 years old. While the main house is renovated, potential buyers may have concerns about the condition of underlying systems (e.g., plumbing, electrical, foundation) that may not have been fully updated, or the overall condition of the ADU.
Limited Lot Size for Dual Units: With a lot size of 5456 sqft for two independent units, the property may offer limited outdoor space for each unit or restrict future expansion possibilities, which could be a drawback for some buyers or tenants seeking larger yards.