2529 Adelia Avenue
2529 Adelia Avenue
$2,075,000
17
8
6,267
6,267
$331
Pending
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.
- 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 PoolNo
Total Units7.0
Building TypeAttached
Lot Size SourceAssessor
Living Area6267
Assessor Parcel Number8102-024-037
Property Attached YNtrue
Location
LISTING UPDATED: 05/01/2024 03:29 AM
Property Details for 2529 Adelia Avenue
Status | Pending |
---|---|
MLS # | CV24039778 |
Days on Market | 10 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1948 |
County | Los Angeles County |
Location
Building Information for 2529 Adelia Avenue
Building/Complex2529 Adelia AveFloor-Stories2Residences-Pet Policy-Year Built1948Building Size-
Payment Calculator
$12,075 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2529 Adelia Avenue
Property History for 2529 Adelia Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
El Monte Union High School Community Day Public9 to 12 | ||
Fernando R. Ledesma Continuation High School Public10 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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