Property Detail

Description

Rare investment opportunity to acquire a gated 12-unit townhouse complex at 2826 Cogswell Rd, El Monte, perfectly positioned for 1031 exchange buyers and long-term investors. Built in 1984, this stabilized asset features a strong unit mix of (10) 2BR/1.5BA and (2) 3BR/1.5BA units, each uniquely benefiting from its own Individual APN and separate tax bill, providing unparalleled future exit flexibility. Every unit has been tastefully renovated with modern laminate flooring, granite countertops, and updated cabinetry, and comes equipped with an attached 2-car garage, private laundry hook-ups, and individual central HVAC systems. With tenants paying their own electricity and gas (12 separate meters) and the absence of an HOA or pool, this property ensures exceptionally low overhead and easy maintenance. Boasting a robust Monthly Gross Income of $31,215 and an Annual Net Income of $274,170, this turnkey portfolio offers immediate, high-yield returns. Located directly across from an elementary school with rapid access to the 10, 60, and 605 freeways, this is a high-occupancy gem in a prime San Gabriel Valley rental market.