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Closed
- Listed price
- $598,888
- Listed Sep 24, 2012
- Sold price
- $590,000
- Sold Dec 31, 2012
4,774 sqft lot|1940 Built|54 MLS days on market
3918 VELMA Ave, El Monte, CA 91731
Property Description
The subject property is located minutes from the cities of Rosemead and Temple City. The property is comprised of 2 separate structures. The front structure is a two-story building with 5 units; 2(3bed+1bath)s, 2(1bed+1bath)s, and 1-Studio apartment. The sixth unit is located in the rear building near the detached car ports and is a Studio unit. There is covered parking in the rear of the lot for two vehicles with available parking on the street for the remaining tenants. There are two storage rooms onsite as well as an additional room with laundry hookups, although it is not utilized by the current owner. Priced at under $100,000 per unit, this investment offers the next investor a substantial 7.8% cash-on-cash return based on current rents, with additional room to increase the annual rental income.
Listing agent: Kristopher GermanDRE #01800021kgerman@remaxcre.net, Listing office: Re/Max Commercial
MLS data updated 10/31/2026, 9:53:09 AM PT
Source: CRMLSMLS #: 12626115
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$590,000
Dec 31, 2012
Available records22012
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 91731 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 91731 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.