NOT LISTED FOR SALE

Estimated Value: $704,000 - $876,000

4 Beds
2 Baths
1,560 Sq Ft
$491/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $489,000 $313 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,903/month

100 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Laundry Room
  • El Monte High School Rated A-
  • Living Room
  • Accessible Parking

About This Home

As of August 2020

Investment Opportunity. Each unit consists of 2 bedrooms, 1 bath. In the prime area of El Monte. Located near shops, schools, and public transportation. Long term tenants with low rents, plenty of room to increase. Buy alone or offer with adjacent property. Motivated seller. Bring your highest and best offer.

Last Listed By

Mario Savan

West Coast Team Realty License #00942699 Listed on: 02/23/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,428

Year Built

  • Built in 1960

Lot Details

  • 5,996 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,560 Sq Ft Home
  • Living Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, grounds care, gas, telephone
  • Legal Lot and Block 23 / A
  • Tax Tract Number 10811
  • Assessor Parcel Number 8104014049

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $800
  • Water Sewer Expense $850
  • New Taxes Expense $5,700
  • Operating Expense $8,550
  • Gross Income $26,400
  • Net Operating Income $17,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,428

Year Built

Built in 1960

Lot Details

0

Parking

1

Listing Details

  • Other Phone Description: Property Mgr-
  • Other Phone Number: 626-222-0268
  • Property Attached: Yes
  • Water Sewer Expenses: 850.00
  • Zoning: EMR3*
  • Property Type: Residential Income
  • Parcel Number: 8104014049
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Accessibility Features: Parking
  • Levels: One
  • Price Per Square Foot: 313.46
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5996.00
  • Lot Size Acres: 0.1376

Rental Info

  • Tenant Pays: Cable TV, Electricity, Grounds Care, Gas, Telephone

Multi Family

  • Gross Income: 26400.00
  • Gross Operating Income: 26400.00
  • Gross Scheduled Income: 26400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5996.0000 Square Feet
  • Net Operating Income: 17850.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 8550.00
  • Rent Control: No
  • Total Actual Rent: 2050.00
  • Total Expenses: 8550.00

Tax Info

  • New Taxes Expense: 5700.00
  • Tax Block: A
  • Tax Census Tract: 4334.01
  • Tax Lot: 23
  • Tax Tract Number: 10811

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2020
Sold by
Gurrola Anthony and The Bertha Gurrola Trust
Bought by
Garcia Gustavo M Granciano and Lujano Maria G
Total Days on Market
100
Current Estimated Value
$765,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,142
Interest Rate
2.9%
Mortgage Type
FHA

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Garcia Gustavo M Granciano $489,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Gustavo M Granciano $480,142
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $489,000 -5.0% $313 / Sq Ft
06/02/2020 06/02/20 Pending -- -- --
02/23/2020 02/23/20 For Sale $515,000 -- $330 / 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
2024 $7,428 $518,929 $371,422 $147,507
2023 $7,308 $508,755 $364,140 $144,615
2022 $7,029 $498,780 $357,000 $141,780
2021 $7,202 $489,000 $350,000 $139,000
2020 $1,216 $45,001 $16,782 $28,219
2019 $1,213 $44,119 $16,453 $27,666
2018 $1,068 $43,255 $16,131 $27,124
2016 $991 $41,577 $15,505 $26,072
2015 $979 $40,954 $15,273 $25,681
2014 $976 $40,152 $14,974 $25,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20039845

California Regional Multiple Listing Service (CRMLS)

APN: 8104-014-049