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Sold for $975,000
  • Listing Provided by: KELLER WILLIAMS COVINA
    Bought with: Pinnacle Real Estate Group
    $975,000

    3939 Velma Ave, El Monte, CA 91731

    4beds
    3baths
    1,848sqft
    Triplex
    Built in 1947
    -- sqft lot
    $1,027,700 Zestimate®
    $528/sqft
    $2,551 Estimated rent

    Home value

    $1,027,700

    $956,000 - $1.10M

    $2,551/mo

    Zestimate® history
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    What's special

    Vast backyardSpacious front houseRear garageAdditional parking space
    HONEY STOP THE CAR! THIS IS IT!! Incredible investment opportunity awaits! This sprawling Triplex, nestled in the highly coveted El Monte area bordering Temple City, offers an expansive 10,000+ SF lot just waiting for your vision to transform it into an unparalleled gem. Picture this: a spacious front house boasting 2 bedrooms and one and 1baths, accompanied by a charming one-bedroom, one-bath unit at the rear. But that's not all—the third unit stands independently, offering endless possibilities for customization. Two long driveways, perfectly situated on the right side and the left side. One driveway leads to a rear garage, ensuring ample off-street parking for convenience. The real magic lies in the potential this property holds; with some strategic improvements, you'll skyrocket its value instantly. Imagine the immense value waiting to be unlocked! The vast backyard is a canvas awaiting your touch—be it for RV storage, additional parking space, or even the creation of an ADU, the opportunities are boundless. Don't miss out on this chance to seize a diamond in the rough, and remember to verify with the city for your dream improvement projects. Act now and make this exceptional property yours before it's gone!"

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Fernando Reza DRE #01451616 626-388-5518,

    KELLER WILLIAMS COVINA

    Bought with:

    JING FAN, DRE #02091169

    Pinnacle Real Estate Group

    Source: CRMLS,MLS#: CV23224320MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    Appliances
    • Laundry: Inside
    Features
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 1,848
    • Total interior livable area: 1,848 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Asphalt, Driveway, Garage, Gated, RV Potential
    • Garage spaces: 2
    Features
    • Entry location: 1
    • Pool features: None
    • Fencing: Block
    Lot
    • Size: 10,197 sqft
    • Features: Back Yard, Front Yard, Level, Rectangular Lot
    Details
    • Parcel number: 8577020002
    • Zoning: EMR2YY
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    • Attached to another structure: Yes
    Materials
    • Foundation: Raised
    Condition
    • Repairs Cosmetic
    • New construction: No
    • Year built: 1947

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Suburban
    Location
    • Region: El Monte

    Other

    Other facts
    • Listing terms: Conventional,1031 Exchange,Submit

    Price history

    DateEventPrice
    3/5/2024Sold$975,000+10.2%$528/sqft
    Source: CRMLS #CV23224320 Report a problem
    2/18/2024Pending sale$885,000$479/sqft
    Source: CRMLS #CV23224320 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$14,235 +291.1%$994,500 +372.2%
    2024$3,640 +1.7%$210,607 +2%
    2023$3,578 +4%$206,479 +2%
    2022$3,441 -0.7%$202,432 +2%
    2021$3,464 +0.4%$198,463 +1%
    2020$3,451 $196,429 +2%
    2019$3,451 +3.7%$192,578 +2%
    2018$3,327 $188,803 +2%
    2017$3,327 +2%$185,102 +2%
    2016$3,260 +2.4%$181,474 +1.5%
    2015$3,183 +4.3%$178,749 +2%
    2014$3,052 $175,248 +2.5%
    2012-- $171,037 +2%
    2011-- $167,684 +0.8%
    2010-- $166,432 -0.2%
    2009-- $166,828 +6.1%
    2006-- $157,209
    2005-- $157,209 +6%
    2003-- $148,339 +2%
    2002-- $145,431 +4%
    2000-- $139,785

    Find assessor info on the county website

    Neighborhood: 91731

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,027,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,027,700