NOT LISTED FOR SALE

Estimated Value: $1,170,000 - $1,350,000

8 Beds
4 Baths
3,200 Sq Ft
$392/Sq Ft Est. Value

Sale Details

Date Sold: December 24, 2024

Last sale price $1,300,000 $406 Per Sq Ft

Current estimated payment $8,602 / mo

116 Days on Market

Highlights

  • Quartz Countertops
  • Double Pane Windows
  • Wall Furnace
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Front Yard

About This Home

As of December 2024

Introducing a lucrative four-unit income property nestled in the heart of El Monte, California, conveniently positioned between the 60 Freeway , 605 Freeway & the 10 Freeway. This excellent investment opportunity boasts an array of features that make it an attractive choice for savvy investors. Just completely remodeled 1 1/2 years ago, New everything, New white shaker kitchen cabinets, New stainless steel sinks/faucetts, New Quartz counters, New range, New garbage disposal, New white faux blinds, New stoves, New paint inside/outside, New range hoods, New doors/hardware, New LVT flooring, New bathrooms to include tubs/showers, cabinet, counters, lighting, fixtures, toilets and sinks, New air conditioners with remotes, New dual sided wall heaters, New tankleess water heaters, New thermostats, New sub-panel, New electrical outlets, New sliding glass doors, New Low E dual pane windows, New landscaping, New outdoor lighting with timers, Property Details: Number of Units: 4 Unit Configuration: All units consist of two bedrooms & one bathroom, each spanning approximately 800 Sq/Ft. Flooring: New LVT flooring throughout, ensuring durability and low maintenance for the property. Tenant Stability: Current tenants have established a standing presence on the property, approx 1.5 years, providing a stable & consistent rental income stream. Additional Income Source: The property offers 3 additional assigned parking spaces. Modern Amenities: All units are equipped with wall air conditioning units, dual-sided wall furnaces ensuring comfortable living for tenants year-round. Moreover, washer dryer hookups are conveniently provided inside each unit for added convenience & desirability. Utility Configuration: Separate Electric and Gas meters for all units provide ease of management and enable tenants to have individual control over their utility expenses. . Carports: All units come with one covered carport. Spaciousness & Land: The combined square footage of all units is an impressive 3200, and the property sits on a 6442 Sq/Ft lot, offering ample outdoor space. The property presents an exceptional opportunity for an astute investor seeking a well-maintained, income-generating property in a prime location 14 miles to downtown Los Angeles and 30 miles to Santa Monica Beach.. With its established tenant base, completely remodeled units, this property promises an excellent return on investment & continued financial success. 10813 El Monte, can be sold as a porfolio package

Last Agent to Sell the Property

John Simcoe

Keller Williams Realty Brokerage Phone: 951-217-8878 License #01305195 Listed on: 08/09/2024

Keller Williams Realty

Last Buyer's Agent

John Simcoe

Keller Williams Realty Brokerage Phone: 951-217-8878 License #01305195 Listed on: 08/09/2024

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,172 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Rolled or Hot Mop Roof

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows

Kitchen

  • Gas Range
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Assessor Parcel Number 8104008023
  • $1,125 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $960
  • Gardener Expense $1,080
  • Insurance Expense $2,562
  • Other Expense $3,638
  • Pest Control $1,500
  • Trash Expense $2,580
  • Water Sewer Expense $3,444
  • Operating Expense $15,764
  • Gross Income $103,335
  • Net Operating Income $87,436

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

6,172 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 3444.00
  • Zoning: EMR3*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 8104008023
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Quartz Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 406.25
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No
  • Roof: Rolled/Hot Mop
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Pest Control Expense: 1500.00
  • Sewer: Public Sewer
  • Trash Expense: 2580.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6172.00
  • Lot Size Acres: 0.1417

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Electric Expense: 960.00
  • Gross Income: 103335.00
  • Gross Scheduled Income: 103200.00
  • Insurance Expense: 2562.00
  • Lot Size Area: 6172.0000 Square Feet
  • Net Operating Income: 87436.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Operating Expense: 15764.00
  • Other Expense: 3638.00
  • Other Expense Description: Prp Tax
  • Other Income1: 135.00
  • Other Income Description: Extra parking (3) spot charges
  • Rent Control: No
  • Total Expenses: 15764.00

Tax Info

  • Tax Census Tract: 4334.02
  • Tax Lot: 9
  • Tax Tract Number: 0000
  • TaxOtherAnnualAssessmentAmount: 1125.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2024
Closed on
Nov 25, 2024
Sold by
Bought by
Seller's Agent
John Simcoe
Keller Williams Realty
Buyer's Agent
John Simcoe
Keller Williams Realty
List Price
$1,800,000
Sold Price
$1,300,000
Premium/Discount to List
-$500,000
-27.78%
Views
51
Current Estimated Value
$1,300,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246
Avg. Annual Appreciation
-2.23%

Purchase Details

Listed on
Aug 9, 2024
Closed on
Nov 18, 2024
Sold by
Bought by
Seller's Agent
John Simcoe
Keller Williams Realty
Buyer's Agent
John Simcoe
Keller Williams Realty
List Price
$1,800,000
Sold Price
$1,300,000
Premium/Discount to List
-$500,000
-27.78%
Views
51

Purchase Details

Closed on
Nov 25, 2019
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
0.0625%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
0.0625%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 1999
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First American Title Company
-- First American Title
$1,300,000 First American Title
-- None Available
-- None Available
-- Accommodation
-- North American Title Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $365,550
Closed $400,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/24/2024 12/24/24 Sold $1,300,000 -7.1% $406 / Sq Ft
11/11/2024 11/11/24 Price Changed $1,400,000 -6.7% $438 / Sq Ft
09/26/2024 09/26/24 Price Changed $1,499,900 -6.0% $469 / Sq Ft
09/11/2024 09/11/24 Price Changed $1,595,000 -11.4% $498 / Sq Ft
08/09/2024 08/09/24 For Sale $1,800,000 -- $563 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $18,953 $1,300,000 $845,000 $455,000
2024 $3,238 $161,047 $40,244 $120,803
2023 $3,190 $157,890 $39,455 $118,435
2022 $3,090 $154,795 $38,682 $116,113
2021 $3,114 $151,761 $37,924 $113,837
2020 $3,045 $150,206 $37,536 $112,670
2019 $3,043 $147,261 $36,800 $110,461
2018 $2,844 $144,375 $36,079 $108,296
2016 $2,629 $138,771 $34,679 $104,092
2015 $2,598 $136,688 $34,159 $102,529
2014 $2,573 $134,011 $33,490 $100,521
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG24165317

California Regional Multiple Listing Service (CRMLS)

APN: 8104-008-023

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