NOT LISTED FOR SALE

112 N 1st St Montebello, CA 90640

Estimated Value: $945,000 - $1,050,000

4 Beds
3 Baths
1,970 Sq Ft
$508/Sq Ft Est. Value

Last Sold September 23, 2015

Last sale price $555,000 $282 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $6,184/month

23 Days on Market

Highlights

  • Contemporary Architecture
  • 3 Car Garage
  • 1-Story Property
  • No HOA
  • Turnkey

About This Home

As of September 2015

Great opportunity to purchase three units in an excellent area of Montebello north of Whittier Blvd.
2 bedroom, 1 bath front unit; two 1 bedroom, 1 bath middle & rear units; 3-car garage for tenants.
Property has been well maintained by the owner with long term tenants on a month to month basis.
Great rental area, good curb appeal, convenient to shopping, restaurants, schools and Beverly Hospital.

Last Agent to Sell the Property

Robert Peters

Keller Williams Realty License #01351117 Listed on: 07/20/2015

Keller Williams Realty

Last Buyer's Agent

Luchi Balcazar

Berkshire Hathaway HomeServices California Properties License #01475084

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,545

Year Built

  • Built in 1953

Lot Details

  • 6,275 Sq Ft Lot
  • Two or More Common Walls
  • Brick Fence
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors

Home Design

  • Contemporary Architecture
  • Property Attached
  • Turnkey
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,970 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 7783
  • Assessor Parcel Number 6346020001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $840
  • Insurance Expense $800
  • Trash Expense $720
  • Water Sewer Expense $720
  • New Taxes Expense $2,704
  • Gross Income $3,575
  • Net Operating Income $37,056

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,545

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 720.00
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 6346020001
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 281.73
  • Room Type: All Bedrooms Down

Exterior Features

  • Fencing: Brick
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear, Garage - Two Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6275.00
  • Price Per Lot Square Foot: 88.45
  • Lot Size Acres: 0.1440

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3575.00
  • Gross Scheduled Income: 42900.00
  • Insurance Expense: 800.00
  • Lot Size Area: 6275.0000 Square Feet
  • Net Operating Income: 37056.00
  • 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: 5844.00
  • Rent Control: No
  • Total Actual Rent: 3575.00

Tax Info

  • New Taxes Expense: 2704.00
  • Tax Lot: 1
  • Tax Tract Number: 7783

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2019
Sold by
Malakian Maral Panos
Bought by
Malakian Maral P
Current Estimated Value
$1,000,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Outstanding Balance
$332,810
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$667,876

Purchase Details

Listed on
Jul 20, 2015
Closed on
Sep 2, 2015
Sold by
Hacikoglu Herman
Bought by
Malakian Maral Panos
Seller's Agent
Robert Peters
Keller Williams Realty
Buyer's Agent
Luchi Balcazar
Berkshire Hathaway HomeServices California Properties
List Price
$590,000
Sold Price
$555,000
Premium/Discount to List
-$35,000
-5.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.03%
Original Mortgage
$416,250
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jul 20, 2015
Closed on
Aug 13, 2015
Sold by
Hernandez George A and Hernandez Elvia
Bought by
Malakian Maral Panos
Seller's Agent
Robert Peters
Keller Williams Realty
Buyer's Agent
Luchi Balcazar
Berkshire Hathaway HomeServices California Properties
List Price
$590,000
Sold Price
$555,000
Premium/Discount to List
-$35,000
-5.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,250
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 14, 2002
Sold by
Hernandez George A and Hernandez Elvia
Bought by
Hernandez George A and Hernandez Elvia
Source: Public Records

Range of Values:

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Average Value
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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
Malakian Maral P -- Stewart Title
Malakian Maral Panos -- Fidelity National Title Co
Malakian Maral Panos $555,000 Fidelity National Title Co
Hernandez George A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malakian Maral P $380,000
Closed Malakian Maral Panos $416,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2015 09/23/15 Sold $555,000 -5.9% $282 / Sq Ft
08/12/2015 08/12/15 Pending -- -- --
07/20/2015 07/20/15 For Sale $590,000 -- $299 / 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 $10,545 $657,002 $455,760 $201,242
2024 $10,545 $644,121 $446,824 $197,297
2023 $10,491 $631,492 $438,063 $193,429
2022 $10,139 $619,111 $429,474 $189,637
2021 $9,761 $606,972 $421,053 $185,919
2019 $9,285 $588,970 $408,565 $180,405
2018 $9,400 $577,422 $400,554 $176,868
2016 $9,028 $555,000 $385,000 $170,000
2015 $2,240 $68,286 $28,123 $40,163
2014 $2,239 $66,950 $27,573 $39,377
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Robert Peters

    Keller Williams Realty

    Section Image
  • Luchi Balcazar

    Buyer's Agent in 2015

    Luchi Balcazar

    Berkshire Hathaway HomeServices California Properties

    (562) 761-3331

    77 Total Sales

    Luchi Balcazar
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15159194

California Regional Multiple Listing Service (CRMLS)

APN: 6346-020-001

California Los Angeles County Montebello 90640

112 N 1st St, Montebello, CA

This home is located at 112 N 1st St, Montebello, CA 90640 since 20 July 2015 and is currently estimated at $1,000,686, approximately $507 per square foot. This property was built in 1953. 112 N 1st St is a home located in Los Angeles County with nearby schools including Fremont Elementary School, La Merced Intermediate School, and Montebello High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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