Seller's Agent in 2021
August Wen
Century 21 Masters
(626) 688-7763
2 in this area
27 Total Sales
3829 Penn Mar Ave El Monte, CA 91732
River East Neighborhood
7
Beds
5
Baths
4,420
Sq Ft
0.54
Acres
Highlights
- 0.54 Acre Lot
- No HOA
- Park
About This Home
As of December 2021This is a Great investment property! 5 single story houses sitting on a huge 23,335 Sq. Ft. flat lot in the very desirable neighborhood of El Monte. Located across Zamora Park. Each house has its own front and back yard and is individually metered for electricity and gas. Unit # 3829 (2 Bed/2 Bath), Unit # 3829 1/2 ( 2 Bed/1 Bath, has its own garage), Unit # 3831 ( 3Bed/2 Bath, has its own attached garage), Unit # 3833 (3 Bed/2 Bath) and Unit # 3835 ( 2 Bed/1 Bath, has its own garage). There is also a storage building on the property. Plenty of open parking spaces. Current Zoning is R3 with a use code for Apartment. A great future redevelopment opportunity, including ADUs. Easy access to the 60, 10, and 605 freeways. Very low maintenance, along with excellent long-term paying tenants. Always at a 100% Occupancy Rate. Low GRM of 16.54. Please do not disturb the tenants.
Last Agent to Sell the Property
Century 21 Masters License #01229094 Listed on: 08/06/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 0.54 Acre Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 6 Open Parking Spaces
- 6 Car Garage
Home Design
- 4,420 Sq Ft Home
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Utilities
- Private Water Source
Listing and Financial Details
- Legal Lot and Block 10 / A
- Tax Tract Number 10911
- Assessor Parcel Number 8549035011
Community Details
Overview
- No Home Owners Association
- 5 Buildings
- 5 Units
Recreation
- Park
Building Details
- 5 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,188
- Trash Expense $2,521
- Water Sewer Expense $2,495
- New Taxes Expense $27,972
- Operating Expense $35,354
- Gross Income $108,840
- Net Operating Income $73,486
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/07/2021 12/07/21 | Sold | $1,800,000 | 0.0% | $407 / Sq Ft |
| 09/22/2021 09/22/21 | Pending | -- | -- | -- |
| 09/13/2021 09/13/21 | Price Changed | $1,800,000 | -2.7% | $407 / Sq Ft |
| 09/12/2021 09/12/21 | Price Changed | $1,850,000 | +2.8% | $419 / Sq Ft |
| 08/06/2021 08/06/21 | For Sale | $1,800,000 | -- | $407 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
August Wen
-
Alan Tran
Buyer's Agent in 2021
Alan Tran
KW Executive
(626) 255-7833
1 in this area
30 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV21173663
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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