E
Seller's Agent in 2020
Ernie Loo
ERNIE LOO
(818) 378-5822
1 Total Sale
1036 Carob Way Montebello, CA 90640
Estimated Value: $5,161,987
28
Beds
17
Baths
12,280
Sq Ft
$420/Sq Ft
Est. Value
Highlights
- 0.43 Acre Lot
- Tile Flooring
- Central Heating and Cooling System
- Laundry Room
About This Home
As of April 2020• Excellent unit mix of 2 bed + 1.5 bath (6 units, townhouse style), 1 bdr + 1 bath (8 units).
• Great location. Just a 2 minute drive to the Pico Rivera Towne Center which includes national brand name stores such as Walmart, Lowes, Starbucks, Wendy’s, and Panera Bread among other stores. It is about 3 miles away from Costco Business Center and about 4 miles away from the Citadel Outlets and the 5 Freeway.
• Stable Demand Rental Area
• In 2016, Owner did a complete horizontal and vertical copper re-piping. In 2017, a new water
heater was installed.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $56,966
Year Built
- Built in 1985
Lot Details
- 0.43 Acre Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Parking
- 27 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Property Attached
- Shingle Roof
Interior Spaces
- 12,280 Sq Ft Home
- 2-Story Property
- Tile Flooring
- Laundry Room
Bedrooms and Bathrooms
- 28 Bedrooms
- 17 Bathrooms
Utilities
- Central Heating and Cooling System
- Standard Electricity
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Tax Lot 6
- Tax Tract Number 6330
- Assessor Parcel Number 6352023065
Community Details
Overview
- 4 Buildings
- 14 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 14 Separate Electric Meters
- 14 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,130
- Fuel Expense $4,198
- Gardener Expense $1,980
- Insurance Expense $5,858
- Maintenance Expense $6,357
- Professional Management Expense $1,800
- Supplies Expense $4,285
- Trash Expense $3,968
- Water Sewer Expense $6,427
- New Taxes Expense $44,191
- Operating Expense $150,738
- Gross Income $3,000
- Net Operating Income $156,030
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 2, 2020
Closed on
Mar 9, 2020
Sold by
Loo William and Loo Jenny S
Bought by
Northside Properties Llc
Seller's Agent
Ernie Loo
ERNIE LOO
Buyer's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
List Price
$3,700,000
Sold Price
$3,700,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,461,987
Avg. Annual Appreciation
6.29%
Original Mortgage
$2,590,000
Interest Rate
3.6%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 4, 2015
Sold by
Menassian Zarik and Menassian Juliette
Bought by
Loo William and Loo Jenny Sk
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,850,000
Interest Rate
3.77%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Apr 3, 2012
Sold by
Menassian Zarik and Menassian Juliette
Bought by
Menassian Zarik and Menassian Juliette
Purchase Details
Closed on
Oct 24, 2009
Sold by
Godinez Raul and Godinez Leticia
Bought by
Menassian Zarik and Menassian Juliette
Purchase Details
Closed on
Aug 27, 2007
Sold by
Schubert Walter William and The Walter William Schubert Jr
Bought by
Godinez Raul and Godinez Leticia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,368,500
Interest Rate
6.27%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 24, 2002
Sold by
Schubert Walter William
Bought by
Fam Schubert Jr Walter William and Fam Walter William Schubert Jr
Purchase Details
Closed on
Sep 6, 2001
Sold by
Schubert Christine M
Bought by
Schubert Walter William
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.73%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Northside Properties Llc | $3,700,000 | Fidelity National Title | |
| Loo Ernie K W | -- | Fidelity National Title | |
| Loo William | $2,850,000 | Fidelity National Title | |
| Menassian Zarik | -- | None Available | |
| Menassian Zarik | -- | Lawyers Title Company | |
| Godinez Raul | -- | North American Title Co | |
| Fam Schubert Jr Walter William | -- | -- | |
| Schubert Walter William | -- | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Northside Properties Llc | $2,590,000 | |
| Previous Owner | Loo William | $1,850,000 | |
| Previous Owner | Godinez Raul | $1,368,500 | |
| Previous Owner | Schubert Walter William | $600,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/30/2020 04/30/20 | Sold | $3,700,000 | 0.0% | $301 / Sq Ft |
| 03/04/2020 03/04/20 | Pending | -- | -- | -- |
| 03/02/2020 03/02/20 | For Sale | $3,700,000 | -- | $301 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $56,966 | $4,046,488 | $2,187,291 | $1,859,197 |
| 2024 | $56,966 | $3,967,146 | $2,144,403 | $1,822,743 |
| 2023 | $56,916 | $3,889,359 | $2,102,356 | $1,787,003 |
| 2022 | $55,038 | $3,813,098 | $2,061,134 | $1,751,964 |
| 2021 | $53,207 | $3,738,332 | $2,020,720 | $1,717,612 |
| 2020 | $45,194 | $3,133,673 | $2,033,035 | $1,100,638 |
| 2019 | $43,816 | $3,072,263 | $1,993,172 | $1,079,091 |
| 2018 | $44,568 | $3,012,057 | $1,954,091 | $1,057,966 |
| 2016 | $42,575 | $2,893,462 | $1,878,212 | $1,015,250 |
| 2015 | $34,720 | $2,434,825 | $1,396,239 | $1,038,586 |
| 2014 | $34,267 | $2,387,131 | $1,368,889 | $1,018,242 |
Source: Public Records
Agents Affiliated with this Home
-
Ernie Loo
-
Shant Sherbetdjian
Buyer's Agent in 2020
Shant Sherbetdjian
RE/MAX
(626) 657-8135
12 in this area
55 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS20046075
APN: 6352-023-065
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