Seller's Agent in 2021
Paul Bontempo
First Team Real Estate - OC
(714) 719-5459
1 in this area
35 Total Sales
3918 Velma Ave El Monte, CA 91731
Northwest El Monte Neighborhood
8
Beds
6
Baths
2,723
Sq Ft
4,774
Sq Ft Lot
Highlights
- No HOA
- Tile Flooring
- Level Lot
- Rosemead High School Rated A
- 2 Detached Carport Spaces
About This Home
As of July 2021A 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!
Last Agent to Sell the Property
First Team Real Estate - OC License #01142074 Listed on: 01/16/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,440
Year Built
- Built in 1940 | Remodeled
Lot Details
- 4,774 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Home Design
- 2,723 Sq Ft Home
- Property Attached
Kitchen
- Gas Oven
- Gas Range
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Parking
- 2 Open Parking Spaces
- 4 Parking Spaces
- 2 Detached Carport Spaces
- Driveway
- On-Street Parking
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tax Lot 51
- Tax Tract Number 7700
- Assessor Parcel Number 8577021006
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 6 Units
Building Details
- 6 Leased Units
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $5,541
- Fuel Expense $1,249
- Gardener Expense $296
- Insurance Expense $2,326
- Maintenance Expense $893
- Trash Expense $773
- Water Sewer Expense $937
- New Taxes Expense $15,484
- Operating Expense $27,698
- Gross Income $900
- Net Operating Income $44,602
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/01/2021 07/01/21 | Sold | $955,000 | -2.5% | $351 / Sq Ft | |
| 05/17/2021 05/17/21 | Pending | -- | -- | -- | |
| 04/18/2021 04/18/21 | Price Changed | $979,000 | -0.6% | $360 / Sq Ft | |
| 04/06/2021 04/06/21 | Price Changed | $985,000 | -0.4% | $362 / Sq Ft | |
| 03/20/2021 03/20/21 | Price Changed | $988,888 | +0.1% | $363 / Sq Ft | |
| 03/02/2021 03/02/21 | Price Changed | $988,000 | -1.0% | $363 / Sq Ft | |
| 02/26/2021 02/26/21 | Price Changed | $998,000 | -4.9% | $367 / Sq Ft | |
| 02/24/2021 02/24/21 | Price Changed | $1,049,000 | -2.2% | $385 / Sq Ft | |
| 02/21/2021 02/21/21 | Price Changed | $1,073,000 | -0.5% | $394 / Sq Ft | |
| 01/30/2021 01/30/21 | Price Changed | $1,078,000 | -1.8% | $396 / Sq Ft | |
| 01/16/2021 01/16/21 | For Sale | $1,098,000 | +86.1% | $403 / Sq Ft | |
| 12/31/2012 12/31/12 | Sold | $590,000 | -1.5% | $217 / Sq Ft | View Prior Sale |
| 11/13/2012 11/13/12 | Pending | -- | -- | -- | |
| 09/24/2012 09/24/12 | For Sale | $598,888 | -- | $220 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,313 | $1,013,451 | $708,886 | $304,565 |
| 2024 | $14,583 | $993,581 | $694,987 | $298,594 |
| 2023 | $14,326 | $974,100 | $681,360 | $292,740 |
| 2022 | $14,160 | $955,000 | $668,000 | $287,000 |
| 2021 | $10,404 | $671,206 | $268,481 | $402,725 |
| 2020 | $10,364 | $664,565 | $265,729 | $398,836 |
| 2019 | $10,517 | $651,540 | $260,519 | $391,021 |
| 2018 | $10,386 | $638,770 | $255,411 | $383,359 |
| 2016 | $9,928 | $613,737 | $245,494 | $368,243 |
| 2015 | $9,822 | $604,519 | $241,807 | $362,712 |
| 2014 | $9,484 | $592,678 | $237,071 | $355,607 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Bontempo
-
robyn tang
Buyer's Agent in 2021
robyn tang
Real Brokerage Technologies, Inc
(626) 807-3675
1 in this area
28 Total Sales
-
K
Seller's Agent in 2012
Kristopher German
RE/MAX
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV21010064
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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