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El Monte

The city of El Monte has many personalities—residential community, industrial area, commercial city.

Its location, situated between the San Gabriel and Rio Hondo rivers, was appealing as a rest stop for 19th century travelers headed to the gold fields of Northern California. It was an idyllic, tranquil spot that took its name from an old Spanish word for “meadow.” 

The city also developed an early reputation as a rough-and-tumble frontier town with colorful stories about bandit gangs and gambling saloons. 

El Monte has always been an important destination, either for goldseekers heading north or to pioneers coming West on the famed Santa Fe Trail. For many years, until the 1930s, El Monte was a popular place for white settlers leaving behind the Dust Bowl areas of the country. Today the city has a mostly Latino population of about 121,000, and the median household income is about $43,000. The estimated median value for homes or condos is about $350,000.

Such a large community requires a large public educational system, and children in the city are served by two: El Monte Union High School District and El Monte City School District.

Thanks to the city’s early success with agriculture, a hub of the Southern Pacific Railroad was built in town, and today the city continues to be a point of commerce and activity thanks to its accessibility to the 605 and 10 freeways.

Latest El Monte Listings

$1,600,000
CV24053841 MLS Active Status
Presenting an excellent investment opportunity in the City of El Monte! We are proud to offer this exceptionally well-maintained 6 unit building, on the market for the first time in over 30 years. The property management company and ownership takes great care of the property and the tenants themselves demonstrate a strong sense of pride in their homes, resulting in a well-kept and inviting atmosphere throughout the property. A common courtyard with lots of shade and fruit trees are situated between 11126 and 11122 (also available for sale). Each of the 6 units within the building offers spacious living quarters. These well-designed apartments consist of 2 bedrooms, 1 bath, a comfortable living room, and a dedicated dining area. The property is equipped with 7 gas meters and 7 electric meters, allowing each unit to manage its own utilities effectively. Parking for 6 cars is also conveniently located behind the building, providing space for tenants and their vehicles. Strategically positioned in a highly desirable location, this property offers proximity to transportation options, schools, and various dining establishments. Moreover, its easy access to major freeways, including the 10, 60, and 605, adds tremendous value and convenience for residents. It is worth noting that the current rental rates are below market value, and the community laundry room is not being used, representing an exceptional opportunity for increased cash flow. The building is currently 100% occupied, with 5 of 6 tenants who have enjoyed calling this place home for over 15 yeas underscoring the desirability and satisfaction of living in this community.

11126 Bonwood Road, El Monte

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.