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3829 Penn Mar Avenue, El Monte, CA 91732
$1,800,000
3829 Penn Mar Avenue, El Monte, CA 91732View this property at 3829 Penn Mar Avenue, El Monte, CA 91732
3829 Penn Mar AvenueEl MonteCA91732
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Property Description
This is a Great investment property! 5 single story houses sitting on a huge 23,335 Sq. Ft. flat lot in the very desirable neighborhood of El Monte. Located across Zamora Park. Each house has its own front and back yard and is individually metered for electricity and gas. Unit # 3829 (2 Bed/2 Bath), Unit # 3829 1/2 ( 2 Bed/1 Bath, has its own garage), Unit # 3831 ( 3Bed/2 Bath, has its own attached garage), Unit # 3833 (3 Bed/2 Bath) and Unit # 3835 ( 2 Bed/1 Bath, has its own garage). There is also a storage building on the property. Plenty of open parking spaces. Current Zoning is R3 with a use code for Apartment. A great future redevelopment opportunity, including ADUs. Easy access to the 60, 10, and 605 freeways. Very low maintenance, along with excellent long-term paying tenants. Always at a 100% Occupancy Rate. Low GRM of 16.54. Please do not disturb the tenants.
Full Property Details
Full Property Details for 3829 Penn Mar Ave
General
- Sold For: $1,800,000
- Status: Closed
- Type: Multi-Family
- MLS ID: CV21173663
- Added to Site: 988 day(s) ago
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 6
Location
- Area: 619 - El Monte
- County: Los Angeles
- Development Name: 619 - El Monte
- Driving Directions: Go East on Ramona Blvd and then South on Penn Mar Ave.
Utilities
- Sewer: Public Sewer
- Water: Private
- # Water Meters: 1
- # Gas Meters: 5
- # Electric Meters: 5
Structural Information
- Square Feet: 4,420
- Year Built: 1956
Unit Information
Unit 1
- Number of Units: 2
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Number of Units: 2
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.5357
- Lot Size Source: Assessor
- Zoning: EMR3*
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $407.24
- Price Per Unit: 360000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Century 21 Masters, AUGUST WEN
Sold by KW Executive, Alan Tran
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Schools
Schools serving 3829 Penn Mar Ave
School Districts:Mountain View Elementary School District, El Monte Union High School District
Rating | Name | Grades | Distance |
---|---|---|---|
3900 Gilman Rd, El Monte, CA 91732 | K-6 | 0.5 mi | |
Madrid Middle School
3300 Gilman Rd, El Monte, CA 91732 | 6-8 | 0.8 mi | |
2900 Parkway Dr, El Monte, CA 91732 | 9-12 | 1.3 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 3829 Penn Mar Ave
Date
Details
Price
Change
Source
12/07/2021
Sold
$1,800,000
—
MLS
9/13/2021
Price Reduced
$1,800,000
-2.7%
MLS
9/12/2021
Price Increased
$1,850,000
2.78%
MLS
8/06/2021
Listed
$1,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3829 Penn Mar Avenue, El Monte, CA 91732 (MLS# CV21173663) is a Multi-Family property that was sold at $1,800,000 on December 07, 2021. Want to learn more about 3829 Penn Mar Avenue? Do you have questions about finding other Multi-Family real estate for sale in El Monte? You can browse all El Monte real estate or contact a Coldwell Banker agent to request more information.