$979,000

3918 Velma Avenue, El Monte, CA 91731

4,774

Lot Size

6

# Of Units

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!

Facts & Features

MLS® # CV21010064
Price $979,000
Bathrooms 0.00
Lot Size 4,774
Year Built 1940
Type Residential Income
Status Active Under Contract
# Of Units 6

Community Information

Address 3918 Velma Avenue
Area 619 - El Monte
City El Monte
County Los Angeles
State CA
Zip Code 91731

Amenities

Parking Spaces 4
Parking Driveway, On Street, Detached Carport
Garages Driveway, On Street, Detached Carport
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Carpet, Tile
Appliances Gas Oven, Gas Range, Refrigerator
Has Basement No
Fireplace No
Stories Two

Exterior

Lot Description Level

Additional Information

Date Listed January 15th, 2021
Days on Market 160
Zoning EMR2YY
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentPaul Bontempo
OfficeFirst Team Real Estate - OC

Listing Map

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