2529 Adelia Avenue
South El Monte, CA 91733
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1948 build
- – on site
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We are pleased to offer for sale this multi-unit residential property in the city of South El Monte which boasts a unique combination of side by side Triplex & Fourplex, offering a diverse unit mix. Investors will appreciate the potential to utilize residential financing with 30-year fixed loans available for each parcel, enhancing the accessibility of this lucrative venture. The property features a thoughtfully designed layout including a 4-bedroom/2-bathroom cottage, two 3-bedroom/1-bathroom units, a 2-bedroom/1-bathroom cottage, two additional 2-bedroom/1-bathroom units, and a 1-bedroom/1-bathroom cottage, catering to a wide range of tenant needs. Spanning across two contiguous parcels, totaling over 17,000 square feet of land, this investment opportunity provides ample space for tenants to enjoy onsite open areas and convenient carport parking. Each unit within the property is individually metered for electricity and gas, offering convenience and flexibility for both tenants and ownership. Furthermore, the current ownership has undertaken significant capital improvements, including new roofs installed on the majority of structures including carports, complete remodeling of the 1-bedroom cottage with updates such as copper plumbing and new electrical, installation of a new water main line, and more. With a substantial 35% upside in rental income, this property presents a compelling opportunity for investors seeking to capitalize on the San Gabriel Valley rental market.
Last checked:
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Last updated Jun 5, 2024
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MLS# CV24039778 —
The Building
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Year Built:1948
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:6267.00
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Building Area Units:Square Feet
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# of Buildings:5
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Total Number Of Units:7
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Stories Total:2
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# of Separate Gas Meters:7
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# of Separate Water Meters:1
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# of Separate Electric Meters:7
Interior
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Entry Location:1
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Laundry:Gas & Electric Dryer Hookup, Washer Hookup
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Laundry:1
Location
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Directions:South of I-10, West of I-605; Near the Intersection of Fern St & Adelia Ave
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:SER3*
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Lot Features:6-10 Units/Acre, Lot 10000-19999 Sqft
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Lot Size Area:17092.0000
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Lot Size Acres:0.3924
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Lot Size SqFt:17092.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Additional Parcels Description:8102024036
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:A
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Tax Census Tract:4335.06
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Tax Tract:10888
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Tax Lot:28
The Listing
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Special Listing Conditions:Standard
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Parcel Number:8102024037
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Curbs, Gutters, Sidewalks
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Pool:None
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Private Pool:No
Parking
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Parking Spaces:14.00
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Garage Spaces:2.00
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Uncovered Spaces:8.00
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Carport Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/5/24
Jun 5, 2024
|
Price Changed | CRMLS_CA | $2,050,000 | -1.2% |
|
5/31/24
May 31, 2024
|
Sold | CRMLS_CA | $2,075,000 | |
|
3/14/24
Mar 14, 2024
|
Pending | CRMLS_CA | $2,075,000 |
