3817 Cogswell RdEl Monte, CA 91732

Property Details for 3817 Cogswell Rd

Year built

1979

Construction

WOOD

Lot size

1.04 AC

Property size (Sq ft)

25,285 SF

Zone code

EMR3*

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

8567-003-043

APU

8567003043

Description

This exceptional 28-unit apartment building, located at 3817 Cogswell Road in El Monte, California, presents a compelling investment opportunity. The property boasts 25,285 square feet of rentable space spread across three, two-story buildings on a spacious 45,418 square foot lot (over one acre). Built in 1979, the property features a desirable unit mix, primarily consisting of two-bedroom apartments. The asking price is $8,000,000, representing a price per unit of $285,714 and a price per square foot of $316.39. The current Net Operating Income (NOI) is $341,828, yielding a 4.27% cap rate, with a pro-forma cap rate of 6.46%. Benefiting from its location in El Monte, which is not subject to restrictive local rent control, the property allows for higher allowable annual rent increases under California AB 1482. The property's strategic location near the intersection of Ramona Boulevard and Peck Road provides convenient access to major freeways (10 and 605) and public transportation (El Monte Metrolink Station), as well as numerous shopping and dining options at The Shops at Santa Anita, The Shops at Montebello, and Plaza West Covina. The large lot size presents a potential opportunity for the addition of Accessory Dwelling Units (ADUs), further enhancing income potential (buyer to verify). The property is zoned EMR3*. The Los Angeles County Assessor's Parcel Number (APN) is 8567-003-043. This fee simple ownership offers significant upside potential for a savvy investor. Current rents are approximately 22% below market, indicating substantial room for rent growth.

• CAP approach

  CAP return

  Valuation

  6%

  $8,401,419

  6.5%

  $7,755,156

  7%

  $7,201,216

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,421,672

  Geo Method

  $7,452,703

• Alternative Use

  Use

  Valuation

  Residential

  $7,755,156

  Hospitality

  $7,103,682

  Educational

  $5,910,180

  Medical

  $6,113,440

  Retail

  $9,193,613

Location Insight

City

El Monte

County

Los Angeles

State

California

Latitude

34.0732

Longitude

-118.015

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.