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Property Description

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.

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Additional Information
Marcus & Millichap
0
CLW-C126070
CLW-X75151
Roderick
8567003043
: Standard
Two
32

Multi-Family For Sale

3817 Cogswell Road, El Monte, California 91732

25,285 Sqft
$7,500,000
Listing ID #24421277
Basic Details
Status : Active
DaysOnMarket : 38
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24421277
Price : $7,500,000
Living Area : 25,285 Sqft
Lot Size : 45,418 Sqft
Year Built : 1979
Country : US
State : California
County : Los Angeles
City : El Monte
Zipcode : 91732
Price Per Square Foot : $297
ModificationTimestamp : 2024-09-05 14:39:27
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