NOT LISTED FOR SALE
15 Beds
7 Baths
5,060 Sq Ft
0.38 Acres

Last Sold May 23, 2014

Last sale price $1,150,000 $227 Per Sq Ft

27 Days on Market

Highlights

  • 0.38 Acre Lot
  • No HOA
  • Tile Flooring
  • Lawn
  • Cooling System Mounted To A Wall/Window
  • 3 Detached Carport Spaces

About This Home

As of May 2014

Huge R3 Lot with 7 units in El Monte
One 3 bed/1bath, Six 2 bed/1 bath
Two single family residences, one duplex, and one triplex.
Two car garages, three carports, and ten parking spaces.
Long term, month to month and stable tenants. Close to Peck Rd and Garvey Ave, convenient location, near elementary school. Seven electric and gas meters, tenants pays for gas and electricity, landlord pays water, trash, and gardening.

Last Agent to Sell the Property

Amy Wang

High Ten Partners, Inc. License #01349731 Listed on: 01/22/2014

High Ten Partners, Inc.

Last Buyer's Agent

Amy Wang

High Ten Partners, Inc. License #01349731 Listed on: 01/22/2014

High Ten Partners, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 0.38 Acre Lot
  • No Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Level Lot
  • Lawn

Parking

  • 2 Car Garage
  • 3 Detached Carport Spaces
  • Parking Available
  • Single Garage Door
  • Driveway
  • Uncovered Parking
  • Assigned Parking

Home Design

  • Composition Roof

Interior Spaces

  • 5,060 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 7 Bathrooms

Home Security

  • Window Bars
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 13
  • Tax Tract Number 11253
  • Assessor Parcel Number 8105018020

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 7 Units

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $3,115
  • Maintenance Expense $1,500
  • Trash Expense $2,640
  • Water Sewer Expense $3,000
  • New Taxes Expense $17,250
  • Gross Income $7,080
  • Net Operating Income $56,105

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.02
  • Property Attached: No
  • Security: Smoke Detector(s), Window Bars
  • View: No
  • Water Sewer Expenses: 3000.00
  • Zoning: EMR3
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8105018020
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Price Per Square Foot: 227.27
  • Room Type: All Bedrooms Down

Exterior Features

  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport, Driveway, Garage - Single Door, Uncovered
  • Total Parking Spaces: 15.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Sewer Paid
  • Trash Expense: 2640.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Level, Lawn, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 16328.00
  • Lot Size Acres: 0.3750

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 7080.00
  • Gross Multiplier: 13.54
  • Gross Scheduled Income: 84960.00
  • Gross Spendable Income: 84960.00
  • Insurance Expense: 3115.00
  • Lot Size Area: 16328.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Maintenance Percent: 5.50
  • Net Operating Income: 56105.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 27240.00
  • Operating Expense Percent: 32.00
  • Rent Control: No
  • Total Actual Rent: 7080.00

Tax Info

  • New Taxes Expense: 17250.00
  • Tax Lot: 13
  • Tax Tract Number: 11253
  • Tax Year: 2012
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2014 05/23/14 Sold $1,150,000 0.0% $227 / Sq Ft
02/18/2014 02/18/14 Pending -- -- --
01/22/2014 01/22/14 For Sale $1,150,000 -- $227 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $20,405 $1,409,730 $563,889 $845,841
2024 $20,405 $1,382,089 $552,833 $829,256
2023 $20,088 $1,354,991 $541,994 $812,997
2022 $19,345 $1,328,423 $531,367 $797,056
2021 $19,796 $1,302,377 $520,949 $781,428
2020 $19,240 $1,289,324 $515,608 $773,716
2019 $19,216 $1,264,050 $505,499 $758,551
2018 $18,356 $1,239,272 $495,588 $743,684
2016 $16,904 $1,190,863 $476,345 $714,518
2015 $16,725 $1,172,976 $469,190 $703,786
2014 $11,015 $724,885 $374,621 $350,264
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR14014735

California Regional Multiple Listing Service (CRMLS)