El Monte, CA 91731 3918 Velma Avenue

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  • MLS# CV21010064
  • 01/16/2021
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Presented By: PAUL BONTEMPO with First Team Real Estate - OC.
  • Beds • 6
  • Baths • 6
  • Year Built • 1940

Home Details

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% CAP Rate and upside potential, drive by, take a peek and let's make this one yours!
Presented By: PAUL BONTEMPO with First Team Real Estate - OC.

Interior Features for 3918 Velma Avenue

Bedrooms

1st Bedroom Area450
1st Bedroom Area Unit TypeSquare Feet
2nd Bedroom Area Unit TypeSquare Feet
3rd Bedroom Area775
3rd Bedroom Area Unit TypeSquare Feet

Other Interior Features

Common Walls2+ Common Walls
Laundry FeaturesNone

General for 3918 Velma Avenue

Additional Parcels Y/NNo
AppliancesGas Oven, Gas Range, Refrigerator
Association Y/NNo
Carport Spaces2
Carport Y/NYes
Community FeaturesCurbs, Gutter(s)
FlooringCarpet, Tile
Garage Spaces0
Garage Y/NNo
HOA Fee$0
Land Lease Y/NNo
LevelsTwo
MLS Area619 - El Monte
Open Parking Spaces2
Parking FeaturesDetached Carport, Driveway, On Street
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property TypeResidential Income
PropertyConditionUpdated/Remodeled
Senior Community Y/NNo
SewerPublic Sewer
TermsCash, Cash to New Loan
Total Actual Rent71400
Total Units6
Water Sewer Expense0
ZoningEMR2YY

Exterior for 3918 Velma Avenue

Lot FeaturesLevel
Lot Size Acres0.11
Lot Size Area4774
Lot Size SourceAssessor
Lot Size Square Feet4774
Lot Size UnitsSquare Feet
Number of Buildings2
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Road Frontage TypeCity Street
Road Surface TypePaved
Total Parking4
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group
Price $979,000
MLS#CV21010064
List Date 01/16/2021
Property Type Income
Phone 310.658.1749
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