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Private Investor Acquires 12-Unit Multifamily Property In El Monte For $2.6M With Marcus & Millichap

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SOLD
$2,600,000

California

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MultiFamily
Sold 05/29/2025
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Property Image
SOLD

Private Investor Acquires 12-Unit Multifamily Property In El Monte For $2.6M With Marcus & Millichap

11122 Bonwood Road

See Similar Deals
MultiFamily
Sold 05/29/2025
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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

Douglas McCauley
9 deals$72.1M volume
BROKER

David Covarrubias
Marcus & Millichap
9 deals$72.1M volume
BROKER

Details

SOLD
IMAGE: David Covarrubias & Douglas McCauley DATE: 05/29/2025 ADDRESS: 11122–11126 Bonwood Road MARKET: El Monte ASSET TYPE: Multifamily BROKERS: David Covarrubias & Douglas McCauley - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $2,600,000 UNITS: 12 ~ PPU: $216,667 NOTE: A private investor bought a 12-unit apartment complex at 11122–11126 Bonwood Rd. in El Monte for $2.6M, with Marcus & Millichap’s David Covarrubias and Doug McCauley brokering the deal. Built in 1958, the fully two-bedroom property recently underwent upgrades including a new roof, windows, exterior paint, and select unit remodels.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$138,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92