Seller's Agent in 2017
Dan Tan
TANDEM REAL ESTATE. INC.
(626) 261-1838
11 Total Sales
11046 Lambert Ave El Monte, CA 91731
Norwood Cherrylee NeighborhoodEstimated Value: $1,134,000 - $1,876,000
7
Beds
7
Baths
4,569
Sq Ft
$338/Sq Ft
Est. Value
Highlights
- Primary Bedroom Suite
- Open Floorplan
- Wood Flooring
- 16,282 Sq Ft lot
- Recreation Room
- Attic
About This Home
As of September 2017Attention Investors; 2 houses on a lot. Income property with great cap rate. Centrally located in San Gabriel Valley; this gated home is close
to retail stores and restaurants, 4 minutes to a Metrolink Station, and easy access to public transportation. This spacious property has a large lot with front and
back yards and extra parking spaces in the back allowing flexible rental opportunities. In 2012, the back house was built and the front house was completely
remodeled and expanded with an oversized 2 car garage and an additional upstairs master bedroom suite with its own entrance. Front house has 3 bedrooms
and 2 bath, 2 car attached garage. Back house has 4 bedrooms, 5 bath, 2 bonus rooms that can be easily converted to bedrooms, and 2 car attached garage; Both unit leased with stable tenants.
submit all offer.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2011
Lot Details
- 0.37 Acre Lot
- No Common Walls
- Masonry wall
- Rectangular Lot
- Level Lot
- Drip System Landscaping
- Front and Back Yard Sprinklers
- Back and Front Yard
Parking
- 5 Open Parking Spaces
- 4 Car Garage
Home Design
- Duplex
- Turnkey
Interior Spaces
- 4,569 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Wet Bar
- Ceiling Fan
- Formal Entry
- Great Room
- Family Room
- Recreation Room
- Game Room
- Storage
- Sump Pump
- Attic
Kitchen
- Walk-In Pantry
- Gas Range
- Free-Standing Range
- Dishwasher
- Stone Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- Primary Bedroom Suite
- Double Master Bedroom
- 7 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Gas Water Heater
- Phone Available
- Cable TV Available
Additional Features
- More Than Two Accessible Exits
- Exterior Lighting
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 1
- Assessor Parcel Number 8569008014
Community Details
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $882
- Insurance Expense $2,500
- Maintenance Expense $1,500
- Professional Management Expense $3,420
- New Taxes Expense $13,500
- Operating Expense $21,760
- Gross Income $66,348
- Net Operating Income $44,588
Additional Features
- 2 Buildings
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 14, 2019
Sold by
Wang Jeff Chifu and Wang Frances H F
Bought by
Jfci Wang Family Trust
Current Estimated Value
Purchase Details
Listed on
Jun 27, 2017
Closed on
Aug 30, 2017
Sold by
Wang Yung Nien and Wang Chang Wei Fung
Bought by
Wang Jeff Chifu and Wang Frances H F
Seller's Agent
Dan Tan
TANDEM REAL ESTATE. INC.
Buyer's Agent
Dan Tan
TANDEM REAL ESTATE. INC.
List Price
$1,080,000
Sold Price
$1,060,000
Premium/Discount to List
-$20,000
-1.85%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.63%
Original Mortgage
$730,000
Outstanding Balance
$610,093
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$932,035
Purchase Details
Closed on
Jul 12, 2011
Sold by
Green Lambert Investment Llc
Bought by
Wang Yung Nien and Wang Chang Wei Fung
Purchase Details
Closed on
Jun 23, 2011
Sold by
Ochoa Vincent F and Ochoa Marisa L
Bought by
Ochoa Vincent F and Lopez Marisa Lopez
Purchase Details
Closed on
Jan 20, 2010
Sold by
Wang Yung Nien and Wang Chang Wei Fung
Bought by
Green Lambert Investment Llc
Purchase Details
Closed on
May 16, 2008
Sold by
Ochoa Vincent F and Ochoa Marisa L
Bought by
Wang Yung Nien and Wang Chang Wei Fung
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,500
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 29, 2008
Sold by
Ochoa Vincent F and Ochoa Marisa L
Bought by
Ochoa Vincent F and Ochoa Marisa L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,500
Interest Rate
5.65%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 30, 2004
Sold by
Brooke Carolyn
Bought by
Ochoa Vincent F and Ochoa Marisa L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.8%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Oct 2, 1995
Sold by
Mcdonald John D and Mcdonald Mary J
Bought by
Brooke Carolyn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
7.25%
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 |
|---|---|---|---|
| Jfci Wang Family Trust | -- | None Available | |
| Wang Jeff Chifu | $1,060,000 | Stewart Title | |
| Wang Yung Nien | -- | Accommodation | |
| Ochoa Vincent F | -- | None Available | |
| Green Lambert Investment Llc | -- | None Available | |
| Wang Yung Nien | $395,000 | Southland Title Company | |
| Ochoa Vincent F | -- | Investors Title Company | |
| Ochoa Vincent F | $400,000 | Southland Title | |
| Brooke Carolyn | $135,000 | Orange Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wang Jeff Chifu | $730,000 | |
| Previous Owner | Wang Yung Nien | $276,500 | |
| Previous Owner | Ochoa Vincent F | $304,500 | |
| Previous Owner | Ochoa Vincent F | $200,000 | |
| Previous Owner | Brooke Carolyn | $94,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/13/2017 09/13/17 | Sold | $1,060,000 | 0.0% | $232 / Sq Ft |
| 07/19/2017 07/19/17 | Pending | -- | -- | -- |
| 07/14/2017 07/14/17 | Off Market | $1,060,000 | -- | -- |
| 06/27/2017 06/27/17 | For Sale | $1,080,000 | 0.0% | $236 / Sq Ft |
| 03/16/2015 03/16/15 | Rented | $5,500 | +124.5% | -- |
| 02/14/2015 02/14/15 | Under Contract | -- | -- | -- |
| 01/20/2015 01/20/15 | For Rent | $2,450 | +6.5% | -- |
| 08/20/2014 08/20/14 | Rented | $2,300 | 0.0% | -- |
| 08/20/2014 08/20/14 | For Rent | $2,300 | -- | -- |
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 | $16,633 | $1,206,094 | $482,437 | $723,657 |
| 2024 | $16,633 | $1,182,446 | $472,978 | $709,468 |
| 2023 | $16,307 | $1,159,261 | $463,704 | $695,557 |
| 2022 | $15,702 | $1,136,531 | $454,612 | $681,919 |
| 2021 | $15,960 | $1,114,248 | $445,699 | $668,549 |
| 2020 | $15,864 | $1,102,823 | $441,129 | $661,694 |
| 2019 | $16,236 | $1,081,200 | $432,480 | $648,720 |
| 2018 | $15,814 | $1,060,000 | $424,000 | $636,000 |
| 2016 | $13,104 | $873,796 | $520,117 | $353,679 |
| 2015 | $12,955 | $860,672 | $512,305 | $348,367 |
| 2014 | $12,436 | $843,813 | $502,270 | $341,543 |
Source: Public Records
Agents Affiliated with this Home
-
Dan Tan
-
E
Buyer's Agent in 2015
ELVIDA SANTOS
SYNERGY GROUP AN REO DIVISION
-
Vicky Zhang
Buyer's Agent in 2014
Vicky Zhang
STAR MAX REATLY
(626) 922-8819
23 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV17144633
APN: 8569-008-014
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