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2826 Cogswell Road A-m, El Monte, California 91732, El Monte, 91732 - bed, bath

2826 Cogswell Road A-m, El Monte, California 91732 home-pic-0
ACTIVE$5,180,000
2826 Cogswell Road A-m, El Monte, California 91732
0Bed
0Bath
12,594Sqft
23,087Lot
Year Built
1984
Close
-
List price
$5.18M
Original List price
$5.18M
Price/Sqft
$411
HOA
-
Days on market
-
Sold On
-
MLS number
TR24242067
Home ConditionExcellent
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $5.18M(50th), sqft - 12594(50th), beds - undefined(50th), baths - undefined(50th).

Great Location in City of EL Monte , GATED Community , 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" or " 12 Months Lease ". 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 . Separate Property Tax Bill for Each Unit.

Price History

Date
Event
Price
12/02/24
$5,180,000
Condition Rating
Excellent
Despite being built in 1984, the property's units have undergone extensive and recent renovations, as confirmed by the listing description and images. The kitchens feature new grey shaker cabinets, granite/quartz countertops, modern sinks, faucets, and new-looking appliances (gas range, dishwasher). Bathrooms are similarly updated with new vanities, modern fixtures, contemporary tiling, and mirrors. Newer laminate flooring is installed throughout, and each unit boasts its own central AC/heating system. These comprehensive updates bring the interior condition of the units to a virtually new standard, meeting current quality and style expectations with no immediate deferred maintenance.
Pros & Cons

Pros

Strong Income Potential: The property boasts a significant annual net income of $249,624, indicating a robust cash flow and attractive return on investment for a new owner.
Recent Unit Renovations: All 12 units have been recently renovated with modern upgrades including laminate flooring, new kitchen cabinets with granite countertops, updated bathrooms, and individual central AC/heating systems, minimizing immediate capital expenditure for a buyer.
Individual APNs & Flexibility: Each unit has its own Assessor's Parcel Number (APN) and separate property tax bill, offering potential future flexibility for individual unit sales or financing strategies.
Low Operating Costs: The absence of an HOA and tenants being responsible for their own electricity and gas bills significantly reduce the owner's ongoing operating expenses, contributing to higher net income.
Desirable Tenant Amenities: Each unit features an attached 2-car garage and in-unit washer and dryer hook-ups, which are highly attractive and convenient amenities for renters, enhancing tenant retention and marketability.

Cons

Property Age: Built in 1981, the property is over 40 years old. While units are renovated, major structural components and building systems (e.g., roof, plumbing infrastructure) may be original or nearing the end of their useful life, potentially requiring significant future capital expenditures.
Owner Pays Water (Single Meter): The owner is responsible for water costs for all 12 units due to a single water meter, which can be a substantial and difficult-to-control expense, impacting overall profitability.
High Proportion of Month-to-Month Leases: Most tenants are on month-to-month leases, which, while offering flexibility for rent adjustments, also presents a higher risk of tenant turnover and less predictable income stability compared to properties with long-term lease agreements.

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