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2529 Adelia Avenue, South El Monte, CA 91733
$2,050,000
2529 Adelia Avenue, South El Monte, CA 91733View this property at 2529 Adelia Avenue, South El Monte, CA 91733
2529 Adelia AvenueSouth El MonteCA91733
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Property Description
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.
Full Property Details
Full Property Details for 2529 Adelia Ave
General
- Sold For: $2,050,000
- Status: Closed
- Type: Multi-Family
- MLS ID: CV24039778
- Added to Site: 104 day(s) ago
Rooms
Other Rooms
- Laundry: Gas & Electric Dryer Hookup, Washer Hookup
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 2
Location
- Area: 657 - So. El Monte
- County: Los Angeles
- Development Name: 657 - So. El Monte
- Driving Directions: South of I-10, West of I-605; Near the Intersection of Fern St & Adelia Ave
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 7
- # Electric Meters: 7
Structural Information
- Entry Location: 1
- Square Feet: 6,267
- Year Built: 1948
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 4
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 7
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.3924
- Lot Size Source: Assessor
- Zoning: SER3*
- Lot Description: 6-10 Units/Acre, Lot 10000-19999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $327.11
- Price Per Unit: 296429
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed and Sold by Re/Max 2000 Realty, Kristopher German
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Schools
Schools serving 2529 Adelia Ave
School Districts:El Monte Union High School District, El Monte City Elementary School District
Rating | Name | Grades | Distance |
---|---|---|---|
2611 Potrero Ave, El Monte, CA 91733 | K-8 | 0.2 mi | |
1001 Durfee Ave, S El Monte, CA 91733 | 9-12 | 1.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2529 Adelia Ave
Date
Details
Price
Change
Source
5/31/2024
Sold
$2,075,000
—
MLS
2/27/2024
Listed
$2,075,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2529 Adelia Avenue, South El Monte, CA 91733 (MLS# CV24039778) is a Multi-Family property that was sold at $2,050,000 on May 31, 2024. Want to learn more about 2529 Adelia Avenue? Do you have questions about finding other Multi-Family real estate for sale in South El Monte? You can browse all South El Monte real estate or contact a Coldwell Banker agent to request more information.