Multifamily For Sale

$979,000

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3918 Velma Avenue

  • – beds
  • – baths
  • – sqft
  • 4,774 sqft lot
  • 1940 build
  • on site

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!

CRMLS_CA logo Listing courtesy of CRMLS_CA / PAUL BONTEMPO / First Team Real Estate - OC

Last checked: Checking… • Last updated Apr 27, 2021 •

MLS# CV21010064 —

Amenities & Taxes

The Building

Year Built:
1940
Year Built Source:
Assessor
New Construction:
No
Common Walls:
2+ Common Walls
Building Area Total:
2723.00
Building Area Units:
Square Feet
Number Of Buildings:
2
Total Number Of Units:
6
Number Of Separate Gas Meters:
1
Number Of Separate Water Meters:
1
Number Of Separate Electric Meters:
1

Interior

Levels:
Two
Flooring:
Carpet, Tile
Number Wall AC:
4
Laundry:
None

Location

Directions:
North on Velma off Valley Blvd / West of Santa Anita East of Baldwin
Latitude:
34.07902500
Longitude:
-118.04754000

The Property

Property Condition:
Updated/Remodeled
Zoning:
EMR2YY
Lot Features:
Level
Lot Size Area:
4774.0000
Lot Size Acres:
0.1096
Lot Size Square Feet:
4774.00
Lot Size Source:
Assessor
Road Surface Type:
Paved
Property Attached:
1
Road Frontage:
City Street
Additional Parcels:
No
Land Lease:
No

Listing Agent

Contact info:

Taxes

Tax Census Tract:
4328.01
Taxes Percent:
1.50
Tax Tract:
7700
Tax Lot:
51
Tax Annual Amount:
10440.00

The Listing

Buyer's Brokerage Compensation:
2.500%
Special Listing Conditions:
Standard
Buyer's Brokerage Compensation:
$2.50
Parcel Number:
8577021006

Utilities

Sewer:
Public Sewer
Water Source:
Public

Appliances

Appliances:
Gas Oven, Gas Range, Refrigerator
Included:
Yes

The Community

Senior Community:
No
Features:
Curbs, Gutters
Pool:
None
Private Pool:
No
Association:
No
Inclusions:
Newer kitchen appliances in some units

Parking

Parking:
Detached Carport, Driveway, Street
Parking Spaces:
4.00
Uncovered Spaces:
2.00
Carport Spaces:
2.00

Extra Units

Average 1 Bed Area:
475
Average 3 Bed Area:
800
Average Studio Area:
210
Number With Refrigerator:
6

Schools

Rating Details

Shirpser Elementary School

  • Public
  • K-5
  • 0.1 mi

Gidley Elementary School

  • Public
  • K-8
  • 0.9 mi

Rosemead High School

  • Public
  • 9-12
  • 1.4 mi

South El Monte High School

  • Public
  • 9-12
  • 2.9 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

Flood Risk

  • FEMA Zone (est.):
  • Flood insurance:

Get an instant insurance quote

This property has minimal flood risk

This property has a . Although flood risks across the country are changing because of the environment, this property is unlikely to flood over the next 30 years.

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Sale history

Date Event Source Price % Change
4/18/21
Price Changed CRMLS_CA $979,000 -0.6%
4/6/21
Price Changed CRMLS_CA $985,000 -0.4%
3/20/21
Price Changed CRMLS_CA $988,888 0.1%

Finding records…

No additional history available

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