Seller's Agent in 2024
Fernando Reza
KELLER WILLIAMS COVINA
(626) 388-5518
1 in this area
97 Total Sales
3939 Velma Ave El Monte, CA 91731
Northwest El Monte NeighborhoodEstimated Value: $1,023,576 - $1,060,000
4
Beds
3
Baths
1,848
Sq Ft
$564/Sq Ft
Est. Value
Highlights
- Gated Parking
- 2 Car Garage
- Block Wall Fence
- Rosemead High School Rated A
- Rectangular Lot
- Back and Front Yard
About This Home
As of March 2024HONEY STOP THE CAR! THIS IS IT!!
Incredible investment opportunity awaits! This sprawling Triplex, nestled in the highly coveted El Monte area bordering Temple City, offers an expansive 10,000+ SF lot just waiting for your vision to transform it into an unparalleled gem. Picture this: a spacious front house boasting 2 bedrooms and one and 1baths, accompanied by a charming one-bedroom, one-bath unit at the rear. But that's not all—the third unit stands independently, offering endless possibilities for customization. Two long driveways, perfectly situated on the right side and the left side. One driveway leads to a rear garage, ensuring ample off-street parking for convenience. The real magic lies in the potential this property holds; with some strategic improvements, you'll skyrocket its value instantly. Imagine the immense value waiting to be unlocked! The vast backyard is a canvas awaiting your touch—be it for RV storage, additional parking space, or even the creation of an ADU, the opportunities are boundless. Don't miss out on this chance to seize a diamond in the rough, and remember to verify with the city for your dream improvement projects. Act now and make this exceptional property yours before it's gone!"
Last Agent to Sell the Property
KELLER WILLIAMS COVINA License #01451616 Listed on: 12/14/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 10,197 Sq Ft Lot
- 1 Common Wall
- Block Wall Fence
- Rectangular Lot
- Level Lot
- Back and Front Yard
Parking
- 2 Car Garage
- Parking Available
- Driveway
- Gated Parking
- RV Potential
Home Design
- Triplex
- Entry on the 1st floor
- Cosmetic Repairs Needed
- Raised Foundation
Interior Spaces
- 1,848 Sq Ft Home
- 1-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 27
- Tax Tract Number 7700
- Assessor Parcel Number 8577020002
- $869 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,500
- Trash Expense $1,260
- Water Sewer Expense $3,060
- Operating Expense $5,820
- Gross Income $32,400
- Net Operating Income $26,580
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 14, 2023
Closed on
Feb 5, 2024
Sold by
Bought by
Seller's Agent
Fernando Reza
KELLER WILLIAMS COVINA
Buyer's Agent
Jing Fan
Pinnacle Real Estate Group
List Price
$885,000
Sold Price
$975,000
Premium/Discount to List
$90,000
10.17%
Views
341
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,644
Avg. Annual Appreciation
2.85%
Purchase Details
Closed on
Jan 3, 2024
Sold by
Bought by
Purchase Details
Closed on
Mar 26, 1999
Sold by
Bought by
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Wfg National Title | ||
| $975,000 | Wfg National Title | ||
| -- | -- |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/05/2024 03/05/24 | Sold | $975,000 | +10.2% | $528 / Sq Ft |
| 01/02/2024 01/02/24 | For Sale | $885,000 | -9.2% | $479 / Sq Ft |
| 12/31/2023 12/31/23 | Pending | -- | -- | -- |
| 12/27/2023 12/27/23 | Off Market | $975,000 | -- | -- |
| 12/14/2023 12/14/23 | For Sale | $885,000 | -- | $479 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $14,235 | $994,500 | $563,040 | $431,460 |
| 2024 | $3,640 | $210,607 | $119,279 | $91,328 |
| 2023 | $3,578 | $206,479 | $116,941 | $89,538 |
| 2022 | $3,441 | $202,432 | $114,649 | $87,783 |
| 2021 | $3,464 | $198,463 | $112,401 | $86,062 |
| 2020 | $3,451 | $196,429 | $111,249 | $85,180 |
| 2019 | $3,493 | $192,578 | $109,068 | $83,510 |
| 2018 | $3,327 | $188,803 | $106,930 | $81,873 |
| 2016 | $3,183 | $181,474 | $102,779 | $78,695 |
| 2015 | $3,146 | $178,749 | $101,236 | $77,513 |
| 2014 | $3,052 | $175,248 | $99,253 | $75,995 |
Source: Public Records
Agents Affiliated with this Home
-
Fernando Reza
-
Jing Fan
J
Buyer's Agent in 2024
Jing Fan
Pinnacle Real Estate Group
(213) 215-6509
1 in this area
140 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV23224320
APN: 8577-020-002
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
Nearby Homes
- 11408 Primrose Ln
- 11450 Clover Ln
- 11446 Clover Ln
- 11427 Wildflower Ln
- 11440 Clover Ln
- 11405 Primrose Ln
- 11402 Primrose Ln
- 11442 Clover Ln
- 11401 Primrose Ln
- 11420 Wildflower Ln
- 11403 Primrose Ln
- 11444 Clover Ln
- 11406 Primrose Ln
- 11418 Wildflower Ln
- 4004 Baldwin Ave
- 4128 Eunice Ave
- 4266 Arden Dr
- 3840 Baldwin Ave
- 9933 Valley Blvd
- 3704 Baldwin Ave
- 4003 Velma Ave
- 4007 Velma Ave
- 3945 Velma Ave
- 4015 Velma Ave
- 4021 Velma Ave
- 10203 Rose Ave
- 4008 Velma Ave
- 10135 Rose Ave
- 3942 Velma Ave
- 4016 Velma Ave
- 3933 Velma Ave
- 4027 Velma Ave
- 4026 Velma Ave
- 3938 Velma Ave
- 4018 Velma Ave
- 3927 Velma Ave
- 3932 Velma Ave
- 4033 Velma Ave
- 4024 Velma Ave
- 4003 De Garmo Ave
Your Personal Tour Guide
Ask me questions while you tour the home.