3642 Cogswell Rd
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3642 Cogswell Rd
6 Unit Apartment Building $2,636,847 CAD ($439,474 CAD/Unit) 5.22% Cap Rate 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$232,734
|
$47.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,981
|
$1.42
|
| Effective Gross Income |
$225,753
|
$45.88
|
| Taxes |
$32,961
|
$6.70
|
| Operating Expenses |
$55,271
|
$11.23
|
| Total Expenses |
$88,232
|
$17.93
|
| Net Operating Income |
$137,521
|
$27.95
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $232,734 |
| Annual Per SF | $47.30 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,981 |
| Annual Per SF | $1.42 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $225,753 |
| Annual Per SF | $45.88 |
| Taxes (CAD) | |
|---|---|
| Annual | $32,961 |
| Annual Per SF | $6.70 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $55,271 |
| Annual Per SF | $11.23 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $88,232 |
| Annual Per SF | $17.93 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $137,521 |
| Annual Per SF | $27.95 |
Property Facts
Unit Amenities
- Washer/Dryer
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 1 | $4,863 CAD | 1,520 |
| 2+1 | 3 | $3,264 CAD | 742 |
| 1+1 | 2 | $2,370 CAD | 531 |
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PROPERTY TAXES
| Parcel Number | 8549-033-010 | Total Assessment | $2,643,290 CAD |
| Land Assessment | $1,057,316 CAD | Annual Taxes | $32,961 CAD ($6.70 CAD/SF) |
| Improvements Assessment | $1,585,974 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
8549-033-010
Land Assessment
$1,057,316 CAD
Improvements Assessment
$1,585,974 CAD
Total Assessment
$2,643,290 CAD
Annual Taxes
$32,961 CAD ($6.70 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | R3, El Monte |
| R3, El Monte |
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3642 Cogswell Rd
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