3642 Cogswell Rd
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3642 Cogswell Rd
6 Unit Block of Flats £1,459,791 (£243,298/Unit) 5.22% Net Initial Yield El Monte, CA 91732
Investment Highlights
- Lucrative Investment Opportunity
- Seller carry the 1st loan
- renovated in recent years.
Executive Summary
Prime Investment Opportunity in El Monte, Los Angeles, CA 91732
Discover a remarkable 6-unit residential investment, featuring a front building that houses a charming single-family home with 3 bedrooms and 1.5 baths. Additionally, there are 5 mixed units, offering a blend of 2-bedroom, 1-bath and 1-bedroom, 1-bath configurations. Situated on a generous lot of 21,100 square feet, this property is in good condition with recent renovations.
• Property Highlights:
o Single-Family Home: 3 bedrooms, 1.5 baths
o Mixed Units: 2-bedroom, 1-bath and 1-bedroom, 1-bath
o Lot Size: 21,100 square feet
o Renovations: Recently renovated units
o Parking: New roof on detached garages accommodating 7 cars, plus 5 additional parking spaces
With a Gross Rent Multiplier (GRM) of 11.33 and a Current Cap Rate of 5.22%, this property promises a robust return on investment. Don’t miss out on this lucrative opportunity in a desired location. Sellers will carry the 1st loan for qualified buyers.
Discover a remarkable 6-unit residential investment, featuring a front building that houses a charming single-family home with 3 bedrooms and 1.5 baths. Additionally, there are 5 mixed units, offering a blend of 2-bedroom, 1-bath and 1-bedroom, 1-bath configurations. Situated on a generous lot of 21,100 square feet, this property is in good condition with recent renovations.
• Property Highlights:
o Single-Family Home: 3 bedrooms, 1.5 baths
o Mixed Units: 2-bedroom, 1-bath and 1-bedroom, 1-bath
o Lot Size: 21,100 square feet
o Renovations: Recently renovated units
o Parking: New roof on detached garages accommodating 7 cars, plus 5 additional parking spaces
With a Gross Rent Multiplier (GRM) of 11.33 and a Current Cap Rate of 5.22%, this property promises a robust return on investment. Don’t miss out on this lucrative opportunity in a desired location. Sellers will carry the 1st loan for qualified buyers.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£128,845
|
£26.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£3,865
|
£0.79
|
| Effective Gross Income |
£124,980
|
£25.40
|
| Taxes |
£18,247
|
£3.71
|
| Operating Expenses |
£30,599
|
£6.22
|
| Total Expenses |
£48,846
|
£9.93
|
| Net Operating Income |
£76,133
|
£15.47
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £128,845 |
| Annual Per SF | £26.19 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £3,865 |
| Annual Per SF | £0.79 |
| Effective Gross Income | |
|---|---|
| Annual | £124,980 |
| Annual Per SF | £25.40 |
| Taxes | |
|---|---|
| Annual | £18,247 |
| Annual Per SF | £3.71 |
| Operating Expenses | |
|---|---|
| Annual | £30,599 |
| Annual Per SF | £6.22 |
| Total Expenses | |
|---|---|
| Annual | £48,846 |
| Annual Per SF | £9.93 |
| Net Operating Income | |
|---|---|
| Annual | £76,133 |
| Annual Per SF | £15.47 |
Property Facts
Unit Amenities
- Washer/Dryer
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+1.5 | 1 | £2,692 | 1,520 |
| 2+1 | 3 | £1,807 | 742 |
| 1+1 | 2 | £1,312 | 531 |
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PROPERTY TAXES
| Parcel Number | 8549-033-010 | Total Assessment | £1,468,249 |
| Land Assessment | £587,299 | Annual Taxes | £18,247 (£3.71/sf) |
| Improvements Assessment | £880,950 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
8549-033-010
Land Assessment
£587,299
Improvements Assessment
£880,950
Total Assessment
£1,468,249
Annual Taxes
£18,247 (£3.71/sf)
Tax Year
2024
zoning
| Zoning Code | R3, El Monte |
| R3, El Monte |
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3642 Cogswell Rd
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