Updated Jun 2, 2025
Private Investor Acquires 12-Unit Multifamily Property In El Monte For $2.6M With Marcus & Millichap
11122 Bonwood Road
$2,600,000
Units
12
Asset Type
MultiFamily
Closing
May 29, 2025
About this deal
AI
A private investor purchased a 12-unit apartment complex located at 11122–11126 Bonwood Road in El Monte for $2.6 million. This multifamily asset, built in 1958, recently received upgrades which included a new roof, windows, exterior paint, and select unit remodels.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Units: 12
- Price Per Unit: $216,667
- Market: El Monte
- Brokers: David Covarrubias & Douglas McCauley - Marcus & Millichap
David Covarrubias and Douglas McCauley from Marcus & Millichap represented the seller in this transaction, facilitating the agreement between the private investor and the seller of the property.
Players
El Monte MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93