NOT LISTED FOR SALE

Estimated Value: $1,058,042 - $1,343,000

6 Beds
3 Baths
2,488 Sq Ft
$508/Sq Ft Est. Value

Last Sold December 30, 2014

Last sale price $610,000 $245 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $7,687/month

24 Days on Market

About This Home

As of December 2014

We are pleased to exclusively offer for sale this well maintained 3 unit multi-family property in the highly desirable rental community of El Monte (NO RENT CONTROL). The subject property consists of 1 two-bedroom & one-bathroom detached house, 2 two-bedroom & one-bathroom units. Tenants enjoy secured gated entry and garage parking. The subject property is currently 100% occupied and offers a substantial upside in rental income.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 11/07/2014

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 11/07/2014

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 0.37 Acre Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • 2,488 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 8580
  • Tax Tract Number 13
  • Assessor Parcel Number 8580013015

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $995
  • Trash Expense $1,800
  • Water Sewer Expense $1,200
  • New Taxes Expense $8,443
  • Gross Income $2,405
  • Net Operating Income $13,146

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 8580013015
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 245.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Storm Drains

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 16061.00
  • Lot Size Acres: 0.3690

Multi Family

  • Gross Income: 2405.00
  • Gross Scheduled Income: 28860.00
  • Insurance Expense: 995.00
  • Lot Size Area: 16061.0000 Square Feet
  • Net Operating Income: 13146.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 14848.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8443.00
  • Tax Lot: 8580
  • Tax Tract Number: 013
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2014
Closed on
Feb 14, 2015
Sold by
Loi Amy
Bought by
Loi Amy and Amy Loi Family Trust
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$610,000
Sold Price
$610,000
Current Estimated Value
$1,264,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$654,511
Avg. Annual Appreciation
6.84%

Purchase Details

Listed on
Nov 7, 2014
Closed on
Dec 4, 2014
Sold by
Gorman Daniel C and Gorman Tom M
Bought by
Loi Amy
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$610,000
Sold Price
$610,000
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Loi Amy -- None Available
Loi Amy $570,000 Fidelity Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2014 12/30/14 Sold $610,000 0.0% $245 / Sq Ft
12/01/2014 12/01/14 Pending -- -- --
11/07/2014 11/07/14 For Sale $610,000 -- $245 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,975 $898,360 $428,874 $469,486
2024 $12,975 $880,746 $420,465 $460,281
2023 $12,612 $863,477 $412,221 $451,256
2022 $12,056 $846,547 $404,139 $442,408
2021 $12,210 $829,949 $396,215 $433,734
2020 $12,175 $821,440 $392,153 $429,287
2019 $12,452 $805,334 $384,464 $420,870
2018 $12,005 $789,544 $376,926 $412,618
2016 $8,923 $578,691 $362,291 $216,400
2015 $8,821 $570,000 $350,000 $220,000
2014 $1,721 $69,951 $29,175 $40,776
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14237635

California Regional Multiple Listing Service (CRMLS)

APN: 8580-013-015