NOT LISTED FOR SALE

109 E Madison Ave Montebello, CA 90640

Estimated Value: $835,000 - $968,000

4 Beds
3 Baths
2,168 Sq Ft
$421/Sq Ft Est. Value

Last Sold July 29, 2014

Last sale price $380,000 $175 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $5,393/month

5 Days on Market

About This Home

As of July 2014

**Great Investment Opportunity!** Duplex property offering two separate units. Front unit has 2 bedrooms & 1 bathroom and the back unit has 2 bedrooms & 2 bathrooms. Property is gated and both units need some TLC. Perfect for an investor looking for great rental income!

Last Agent to Sell the Property

Brett MacLennan

Hill Realty Group License #01838246 Listed on: 07/16/2014

Last Buyer's Agent

Brett MacLennan

Hill Realty Group License #01838246 Listed on: 07/16/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,628 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage

Home Design

  • 2,168 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 5238
  • Assessor Parcel Number 6346018009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $2,800
  • Net Operating Income $31,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Property Type: Residential Income
  • Parcel Number: 6346018009
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 175.28

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 6628.00
  • Lot Size Acres: 0.1520

Multi Family

  • Gross Income: 2800.00
  • Gross Scheduled Income: 33600.00
  • Lot Size Area: 6628.0000 Square Feet
  • Net Operating Income: 31200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 200.00
  • Rent Control: No

Tax Info

  • Tax Lot: 9
  • Tax Tract Number: 5238
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2017
Sold by
Vertical Realty Llc
Bought by
Vertical Realty Llc
Current Estimated Value
$913,780

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,500
Interest Rate
3.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 12, 2015
Sold by
Gin Tony and Gin Lilian
Bought by
Vertical Reality Llc

Purchase Details

Listed on
Jul 16, 2014
Closed on
Jul 22, 2014
Sold by
Perez Luis A
Bought by
Gin Tony and Gin Lilian
Seller's Agent
Brett MacLennan
Hill Realty Group
Buyer's Agent
Brett MacLennan
Hill Realty Group
List Price
$360,000
Sold Price
$380,000
Premium/Discount to List
$20,000
5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%

Purchase Details

Closed on
Jan 14, 2003
Sold by
Perez Luis and Perez Juana
Bought by
Perez Luis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.55%

Purchase Details

Closed on
Oct 4, 1994
Sold by
Petrosyan Ruben
Bought by
Perez Luis and Perez Juana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
8.78%
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
Vertical Realty Llc -- First American Title Company
Vertical Reality Llc -- None Available
Gin Tony $380,000 First American Title Company
Perez Luis A $375,000 Old Republic Title Company
Perez Luis $235,000 United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vertical Realty Llc $409,500
Previous Owner Perez Luis A $250,000
Previous Owner Perez Luis $188,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2014 07/29/14 Sold $380,000 +5.6% $175 / Sq Ft
07/21/2014 07/21/14 Pending -- -- --
07/16/2014 07/16/14 For Sale $360,000 -- $166 / 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 $7,377 $456,691 $276,420 $180,271
2024 $7,377 $447,737 $271,000 $176,737
2023 $7,341 $438,959 $265,687 $173,272
2022 $7,095 $430,353 $260,478 $169,875
2021 $6,829 $421,916 $255,371 $166,545
2020 $6,685 $417,591 $252,753 $164,838
2019 $6,501 $409,404 $247,798 $161,606
2018 $6,548 $401,378 $242,940 $158,438
2017 $6,413 $393,509 $238,177 $155,332
2016 $6,276 $385,794 $233,507 $152,287
2015 $5,962 $380,000 $230,000 $150,000
2014 $6,735 $443,048 $320,179 $122,869
Source: Public Records

Agents Affiliated with this Home

  • Brett MacLennan

    Seller's Agent in 2014

    Brett MacLennan

    Hill Realty Group

    (949) 478-2622

    54 Total Sales

    Brett MacLennan
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW14150400

California Regional Multiple Listing Service (CRMLS)

APN: 6346-018-009

California Los Angeles County Montebello 90640

109 E Madison Ave, Montebello, CA

Not Listed for Sale

MultiFamily

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