$565,000
SOLD SEP 6, 2017
3 Beds
3 Baths
1,584 Sq Ft
8,503 Sq Ft Lot

Recently Sold

$357 Per Sq Ft

12% Below List Price

51 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • El Monte High School Rated A-

About This Home

As of August 2024

HUGE PRICE REDUCTION - FIXER - FIXER - FIXER, NORTH EL MONTE THREE HOMES ON 8500sf LOT. EACH HOME IS 528SF, 1BD 1BTH. EACH HAS A LIVING ROOM AND SEPARATE BEDROOM AND KITCHEN.
AMENITIES ARE ORIGINAL STYLE FIXTURES, NOTHING FANCY. EACH HOME HAS A DETACHED 1 CAR GARAGE IN REAR OF PROPERTY.
PROPERTY NEEDS SOME TLC. BEST DEAL ONLINE FOR 3 UNITS, IN EL MONTE. EACH TENANT PAYS OWN ELEC & GAS. MAKE OFFER TODAY!
RENTS ARE EXTREMELY LOW - 20 YR TENANTS. PROFORMA RENTS ARE $1200 EA.

Last Agent to Sell the Property

Ronald Sandoval

THE REALTY SHOP License #01267148 Listed on: 06/21/2017

Last Buyer's Agent

Rao Yalamanchili

Positive Investments License #00530548

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,185

Year Built

  • Built in 1939

Lot Details

  • 8,503 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 1,584 Sq Ft Home
  • Composition Roof

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 017
  • Tax Tract Number 6246
  • Assessor Parcel Number 8579016017

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $1,032
  • Water Sewer Expense $1,092
  • New Taxes Expense $5,000
  • Operating Expense $8,124
  • Gross Income $30,600
  • Net Operating Income $22,476

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,185

Year Built

Built in 1939

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1092.00
  • Zoning: EMR3YY
  • Property Type: Residential Income
  • Parcel Number: 8579016017
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 356.69
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1032.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8503.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 30600.00
  • Gross Scheduled Income: 30600.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 22476.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 8124.00
  • Rent Control: No
  • Total Actual Rent: 2550.00
  • Total Expenses: 8124.00

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Census Tract: 4332.00
  • Tax Lot: 017
  • Tax Tract Number: 6246

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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    • 3 Beds
    • 2 Baths
    • 984 Sq Ft
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    Joe Diaz The Heights Real Estate Group

    Section Image

Range of Values:

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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: CV17157896

California Regional Multiple Listing Service (CRMLS)

APN: 8579-016-017