Price Reduction
Address
3918 Velma Avenue El Monte, CA
Price
$ 979,000
Property Attributes
  • MLS#CV21010064
  • TypeIncome
  • CountyLOS ANGELES
  • CityEl Monte
  • AreaEl Monte
  • Zip91731
  • Style
  • Year Built1940
  • Taxes10440
  • Price$ 979,000
  • Bedrooms6
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size4,774 SqFt
Listing Provided Courtesy Of:
PAUL BONTEMPO with First Team Real Estate - OC.
Data Source:
CRMLS
Property Description

A real money maker!! This six unit apartment complex is located above the I-10, East of Baldwin Avenue walking distance to shopping and recreation. Enjoy the stability of long term tenants. Unit mix: 2 (3 bed 1 bath), 2 (1 bed 1 bath), 2 (Studios). The interiors have been upgraded including: All units being painted recently; 4 with complete bathroom remodels; 5 with newer carpet; 4 with window A/C's. Covered parking for 2 vehicles with 2 additional onsite parking. NEW asphalt driveway and newer roof with 2 Year Roof Cert. With a 4.5% CAP Rate and upside potential, drive by, take a peek and let's make this one yours!

Price History
1/16/2021 Listed $1,098,000
1/30/2021 2% - $1,078,000
2/22/2021 1% - $1,073,000
2/25/2021 3% - $1,049,000
2/26/2021 5% - $998,000
3/3/2021 2% - $988,000
4/6/2021 1% - $985,000
4/19/2021 1% - $979,000

General Features

Appliances Gas Oven, Gas Range, Refrigerator
Carport Spaces 2
Carport Y/N Yes
Community Features Curbs, Gutter(s)
Flooring Carpet, Tile
Levels Two
Listing Agent PAUL BONTEMPO - BRE#01142074
Listing Agent State License 01142074
MLS Area 619 - El Monte
Open Parking Spaces 2
Parking Features Detached Carport, Driveway, On Street
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
PropertyCondition Updated/Remodeled
Sewer Public Sewer
Terms Cash, Cash to New Loan
Total Actual Rent 71400
Total Units 6
Water Sewer Expense 937
Zoning EMR2YY

Interior Features

Common Walls 2+ Common Walls
Laundry Features None

Exterior Features

Lot Features Level
Lot Size Acres 0.11
Lot Size Area 4774
Lot Size Source Assessor
Lot Size Square Feet 4774
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 1
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Road Frontage Type City Street
Road Surface Type Paved
Total Parking 4
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91731

Price
AVG $1.88M
$980K
Taxes
AVG $10,440
$10,440
Visits
AVG 43
134
Year Built
AVG 1946
1940
Walkscore
AVG 71
73
Data Provided by Walkscore ® not using MLS data

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