2529 Adelia Avenue

South El Monte, CA 91733

$2,075,000
Price
17
Beds
8
Baths
6,267 Sq. Ft.
$331 / Sq. Ft.
6,267
Sq. Ft.
$331
per Sq. Ft.

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,...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.
  1. Listed by Kristopher German • DRE #01800021 • Brokerage DRE #01264629 • RE/MAX 2000 REALTY • 909-645-0443

Property Details for 2529 Adelia Avenue

Parking Spaces Total
14
Private Pool
No
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6267
Assessor Parcel Number
8102-024-037
Property Attached YN
true

Location

Listing Courtesy of RE/MAX 2000 REALTY, Kristopher German, DRE #01800021
Add your commute
LISTING UPDATED: 05/01/2024 03:29 AM

Property Details for 2529 Adelia Avenue

StatusPending
MLS #CV24039778
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX 2000 REALTY, Kristopher German, DRE #01800021
Add your commute

Building Information for 2529 Adelia Avenue

Building/Complex2529 Adelia AveFloor-Stories2Residences-Pet Policy-Year Built1948Building Size-

Payment Calculator

$12,075 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,324

Property Taxes

$751

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2529 Adelia Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $147,360
  • Gross Scheduled Income: $147,360
  • Vacancy Allowance: 4421
  • Gross Operating Income: $142,939
  • Net Operating Income: $94,304
Expense Details
  • Operating Expense: $48,635
  • New Taxes Expense: $24,517
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $5,758
  • Maintenance Expense: $5,250
  • Professional Management Expense: $0
  • Other Expense: $1,050
  • Other Expense Description: Reserves
  • Trash Expense: $7,260
  • Water Sewer Expense: $4,800
  • Total Expenses: $48,635
Tax / Assessment Info
  • Tax Block: A
  • Tax Tract Number: 10888
  • Tax Census Tract: 4335.06
  • CFD/Mello-Roos Fee: $1,323
  • Tax Lot: 28
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Additional Parcels Description: 8102024036
  • Lot Features: 6-10 Units/Acre, Lot 10000-19999 Sqft
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 2
  • Carport Spaces: 4
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 2850
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2495
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 2495
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,780
  • Unit Type Total Rent: $1,780
  • Unit Type Pro Forma: 2095
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 2095
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 2095
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 7
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 2529 Adelia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2529 Adelia Avenue

Taxable ValueLand$260,100Additions$389,640Total$649,740
Tax Record2023$9,009 ($751 / month)
Home Facts
Total Finished SqFt2,510 SqFtAbove Grade Finished SqFt2,510 SqFtLot Size6,698 SqFtStyleTriplexYear Built1948ZoningSER3*CountyLOS ANGELESAPN8102-024-037

Schools near 2529 Adelia Avenue

This home is within El Monte Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 10 to 12
Rating
School
Distance
Potrero Elementary School
PublicK to 8

South El Monte High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX 2000 REALTY, Kristopher German, DRE #01800021

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.