NOT LISTED FOR SALE

1001 E Newmark Ave Monterey Park, CA 91755

8 Beds
39 Baths
16,568 Sq Ft
0.66 Acres

Last Sold June 30, 2015

Last sale price $5,000,000 $302 Per Sq Ft

62 Days on Market

Highlights

  • In Ground Pool
  • 28,882 Sq Ft lot
  • East Facing Home
  • Monterey Vista Elementary School Rated A-
  • Air Conditioning

About This Home

As of June 2015

We are proud to present an excellent opportunity to acquire a thirty nine (39) unit income property in the city of Monterey Park. The property consists of three (3) two bedroom one bath units, (17) seventeen studios, (17) bachelors and two (2) one bedroom one bath units. This easy to manage two-story building sits on a spacious lot of 28,882 square feet. This property can be purchased together or separately with the adjacent 32 unit property located at 219 S. New Avenue, Monterey Park.

Last Agent to Sell the Property

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 01/20/2015

Last Buyer's Agent

Out of Area Out of Area

Out of Area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.66 Acre Lot
  • East Facing Home

Parking

  • 34 Parking Spaces

Home Design

  • 16,568 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 39 Bathrooms

Pool

  • In Ground Pool

Utilities

  • Air Conditioning
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Assessor Parcel Number 5259-014-035

Community Details

Overview

  • 39 Units

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 16568
  • Manager Expense: 600.00
  • Year Built: 1965
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 39.00
  • Price Per S Q F T: 336.49

Exterior Features

  • Direction Faces: East
  • Tennis Court Y/N: No
  • Pool Description: Community
  • Pool: Yes
  • View: No

Garage/Parking

  • Total Parking: 34

Utilities

  • Cooling: Air Conditioning, Wall/Window
  • Electric Expense: 8358.00
  • Water Expense: 7988.00

Fee Information

  • Gas Expense: 10216.00
  • Insurance Expense: 4163.00
  • Maintenance Expense: 21339.00
  • Management Expense: 17071.00
  • Trash Expense: 2663.00

Lot Info

  • Assessor Parcel Number: 5259-014-035
  • Geocode Override: No
  • Lot Size Area: 28882

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.06
  • Number Of Units: 39
  • Rent Control: 0
  • Type Of Units: APT

Tax Info

  • Tax Expense: 66900.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2015 06/30/15 Sold $5,000,000 -10.3% $302 / Sq Ft
03/23/2015 03/23/15 Pending -- -- --
01/20/2015 01/20/15 For Sale $5,575,000 -- $336 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $85,609 $6,009,246 $4,086,290 $1,922,956
2024 $85,609 $5,891,418 $4,006,167 $1,885,251
2023 $82,199 $5,775,901 $3,927,615 $1,848,286
2022 $78,575 $5,662,649 $3,850,603 $1,812,046
2021 $78,103 $5,551,617 $3,775,101 $1,776,516
2019 $75,250 $5,398,405 $3,663,130 $1,735,275
2018 $74,814 $5,292,779 $3,591,304 $1,701,475
2016 $68,639 $5,076,250 $3,451,850 $1,624,400
2015 $48,960 $3,518,931 $2,039,960 $1,478,971
2014 $10,788 $415,759 $55,376 $360,383
Source: Public Records

Agents Affiliated with this Home

  • Benjamin Hsiang

    Seller's Agent in 2015

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 377-6001

    3 in this area

    73 Total Sales

    Benjamin Hsiang
    Section Image

  • O

    Buyer's Agent in 2015

    Out of Area Out of Area

    Out of Area

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Map

Source: The MLS

MLS Number: 15-823149

The MLS
California Los Angeles County Monterey Park 91755

1001 E Newmark Ave, Monterey Park, CA

Not Listed for Sale

MultiFamily

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