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    3918 Velma Avenue

    El Monte, CA 91731
    • $979,000
    • STATUS: Active
    • ON SITE: 116 days
    • ID#: CV21010064
    UPDATED: 36 min ago
    $979,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,723
      SQFT
    • $360
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    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!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T16:38:05.463. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/113340391
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    3918 Velma Avenue El Monte, CA 91731

    • Price: $979,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: CV21010064
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,723
    SQFT
    $360
    $/SQFT
    1940
    Built
    Neighborhood:
    619 - El Monte
    County:
    Los Angeles
    Area:
    619 - El Monte
    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!
    Exterior Features

    Carport Spaces 2 Carport YN Yes Lot Features Level Number Of Separate Electric Meters 1 Open Parking Spaces 2 Parking Features Detached CarportDrivewayOn Street Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved

    Interior Features

    Appliances Gas OvenGas RangeRefrigerator Common Walls 2+ Common Walls Flooring CarpetTile

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.55 Common Interest None Community Features CurbsGutter(S) Electric Expense 5541 Fuel Expense 1249 Garage YN No Gross Income 900 Gross Scheduled Income 72300 Inclusions Newer Kitchen Appliances in Some Units Insurance Expense 2326 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 893 Net Operating Income 44602 New Construction YN No New Taxes Expense 15484 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 27698 Possession Close Of Escrow Property Condition Updated/Remodeled Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 10440 Tenant Pays NoneOther Total Actual Rent 71400 Trash Expense 773 Water Sewer Expense 937 Water Source Public Zoning Emr2yy

    Listing provided courtesy of Paul Bontempo of First Team Real Estate - Oc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-13T16:38:05.463. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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