$1,300,000
SOLD AUG 21, 2024
3 Beds
2 Baths
2,385 Sq Ft
8,506 Sq Ft Lot

Recently Sold

$545 Per Sq Ft

5% Below List Price

46 Days on Market

Highlights

  • Cooling Available
  • Laundry Room
  • Gas Fireplace
  • El Monte High School Rated A-
  • Heating Available
  • 1-Story Property

About This Home

As of August 2024

This is one of remarkable properties with TOTAL 4 individual cottages and 4 garages. Out of these 4; one of them is brand new. Each units has their own utilities and laundry rooms. It offers individual Cooling and Heating Units.
ALSO ADU has PAID for SOLAR Panels.
TENANTS pay for Gas and Electric.
Landlord pays for Water/Trash

Last Agent to Sell the Property

J.R. Shah

Century 21 Discovery Brokerage Email: jrshah@pacbell.net License #01116918 Listed on: 06/08/2024

Century 21 Discovery

Co-Listed By

Raj Gudapati

Countrywide Group Brokerage Email: jrshah@pacbell.net License #01897788

Last Buyer's Agent

Carlos Barrera

SB REAL ESTATE License #01351042

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $9,185

Year Built

  • Built in 1939

Lot Details

  • 8,506 Sq Ft Lot
  • No Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 5 Car Garage

Interior Spaces

  • 2,385 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling Available
  • Heating Available
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 6246
  • Assessor Parcel Number 8579016017
  • $951 per year additional tax assessments

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $2,550
  • Insurance Expense $2,300
  • Trash Expense $3,600
  • Water Sewer Expense $3,600
  • New Taxes Expense $14,300
  • Operating Expense $26,350
  • Net Operating Income $61,538

Property Details

Home Type

Apartment

Est. Annual Taxes

$9,185

Year Built

Built in 1939

Lot Details

0

Parking

5

Listing Details

  • Price Per Unit: 342000
  • Property Attached: No
  • Water Sewer Expenses: 3600.00
  • Zoning: EMR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 8579016017
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Gas
  • Levels: One
  • Price Per Square Foot: 545.07

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 3600.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 8506.00
  • Lot Size Acres: 0.1953

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 528 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Electric Expense: 2550.00
  • Gross Scheduled Income: 87912.00
  • Insurance Expense: 2300.00
  • Lot Size Area: 8506.0000 Square Feet
  • Net Operating Income: 61538.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 26350.00
  • Rent Control: No
  • Total Expenses: 26350.00

Tax Info

  • New Taxes Expense: 14300.00
  • Tax Census Tract: 4332.00
  • Tax Lot: 6
  • Tax Tract Number: 6246
  • TaxOtherAnnualAssessmentAmount: 951.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2024
Closed on
Aug 16, 2024
Sold by
Shiau Albert Mg and Shiau Ayeme K
Bought by
Mahalo Joy Investments Llc
Seller's Agent
J.R. Shah
Century 21 Discovery
Buyer's Agent
Carlos Barrera
SB REAL ESTATE
List Price
$1,368,000
Sold Price
$1,300,000
Premium/Discount to List
-$68,000
-4.97%
Views
38
Current Estimated Value
$1,340,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,231
Avg. Annual Appreciation
0.61%
Original Mortgage
$915,000
Outstanding Balance
$908,744
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$398,445

Purchase Details

Listed on
Jun 8, 2024
Closed on
Aug 14, 2024
Sold by
Pi Properties No 79 Llc
Bought by
Shiau Albert Mg and Shiau Ayeme K
Seller's Agent
J.R. Shah
Century 21 Discovery
Buyer's Agent
Carlos Barrera
SB REAL ESTATE
List Price
$1,368,000
Sold Price
$1,300,000
Premium/Discount to List
-$68,000
-4.97%
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$915,000
Outstanding Balance
$908,744
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$398,445

Purchase Details

Listed on
Jun 21, 2017
Closed on
Aug 16, 2017
Sold by
Bricano George A
Bought by
Pi Properties No 79 Llc
Seller's Agent
Ronald Sandoval
THE REALTY SHOP
Buyer's Agent
Rao Yalamanchili
Positive Investments
List Price
$640,000
Sold Price
$565,000
Premium/Discount to List
-$75,000
-11.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.72%

Purchase Details

Closed on
Apr 28, 2006
Sold by
Briceno Felix M
Bought by
Briceno George A
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Chicago Title Company
Grant Deed $1,300,000 Chicago Title Company
Grant Deed $565,000 Wfg National Title Company
Grant Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $915,000 New Conventional
Previous Owner $565,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2024 08/21/24 Sold $1,300,000 -5.0% $545 / Sq Ft
06/08/2024 06/08/24 For Sale $1,368,000 +142.1% $574 / Sq Ft
09/06/2017 09/06/17 Sold $565,000 -11.7% $357 / Sq Ft
08/11/2017 08/11/17 Pending -- -- --
07/27/2017 07/27/17 For Sale $640,000 0.0% $404 / Sq Ft
07/21/2017 07/21/17 Pending -- -- --
07/19/2017 07/19/17 Price Changed $640,000 -4.5% $404 / Sq Ft
06/21/2017 06/21/17 For Sale $670,000 -- $423 / 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 $9,185 $630,262 $378,157 $252,105
2023 $9,004 $617,905 $370,743 $247,162
2022 $8,676 $605,790 $363,474 $242,316
2021 $8,690 $593,913 $356,348 $237,565
2019 $8,862 $576,540 $345,780 $230,760
2018 $9,243 $565,240 $339,000 $226,240
2016 $2,780 $150,031 $76,516 $73,515
2015 $2,747 $147,778 $75,367 $72,411
2014 $2,671 $144,884 $73,891 $70,993
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24114917

California Regional Multiple Listing Service (CRMLS)

APN: 8579-016-017