NOT LISTED FOR SALE
6 Beds
5 Baths
2,646 Sq Ft
8,050 Sq Ft Lot

Last Sold November 08, 2019

Last sale price $1,080,000 $408 Per Sq Ft

87 Days on Market

About This Home

As of November 2019

Cozy & charming 5 unit apartment consists of 2 buildings. The front detached house is 864 sq. ft. with 2 bedrooms, 1 bathroom and its own 2 car tandem driveway. The rear building is a desirable single story with 4 units that are 1 bedroom, 1 bathroom and approximate 445 sq. ft. each. There are 4 tandem parking spots for up to 8 cars behind the rear building with access from the back alleyway which is a very desirable feature for tenants in the area. Each unit is individually metered for electricity and gas. The property is clean and well taken care of with stable, on time paying tenants. Located down the street from New Lexington Elementary School and close to El Monte High School and Rio Hondo College Educational Center. The property is located in an incredibly desirable location in El Monte and is one block from Garvey Ave & Santa Anita Ave. The location offers ease of access to the 10, 60 & 605 freeways and is in close proximity to schools, parks, transportation, shops & restaurants. NO rent control or soft story retrofit. EXCELLENT VALUE ADD OPPORTUNITY for a savvy investor or 1031 exchange buyer.

Last Agent to Sell the Property

Erica Fang

MILANO REALTY License #01990384 Listed on: 06/18/2019

Last Buyer's Agent

Evelyn Xu

Coldwell Banker Residential Brokerage License #01474588

Coldwell Banker Residential Brokerage

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 8,050 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Home Design

  • Property Attached

Interior Spaces

  • 2,646 Sq Ft Home
  • Neighborhood Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 11
  • Tax Tract Number 11400
  • Assessor Parcel Number 8580013016

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $1,465
  • Trash Expense $1,497
  • Water Sewer Expense $1,600
  • New Taxes Expense $13,900
  • Operating Expense $19,062
  • Gross Income $71,340
  • Net Operating Income $54,078

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1600.00
  • Zoning: EMR3YY
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 8580013016
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 408.16

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1497.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 8050.00
  • Lot Size Acres: 0.1848

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 446 Square Feet
  • Average2 Bed Area: 864 Square Feet
  • Gross Income: 71340.00
  • Gross Scheduled Income: 73140.00
  • Insurance Expense: 1465.00
  • Lot Size Area: 8050.0000 Square Feet
  • Net Operating Income: 54078.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 19062.00
  • Rent Control: No
  • Total Expenses: 19062.00

Tax Info

  • New Taxes Expense: 13900.00
  • Tax Census Tract: 4332.00
  • Tax Lot: 11
  • Tax Tract Number: 11400

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
11/08/2019 11/08/19 Sold $1,080,000 -1.8% $408 / Sq Ft
08/15/2019 08/15/19 Price Changed $1,100,000 0.0% $416 / Sq Ft
08/15/2019 08/15/19 For Sale $1,100,000 +1.9% $416 / Sq Ft
07/03/2019 07/03/19 Off Market $1,080,000 -- --
06/18/2019 06/18/19 For Sale $888,888 -- $336 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS19143985

California Regional Multiple Listing Service (CRMLS)