NOT LISTED FOR SALE
24 Beds
24 Baths
11,748 Sq Ft
0.29 Acre Lot

Sale Details

Date Sold: October 21, 2017

Last sale price $3,000,000 $255 Per Sq Ft

36 Days on Market

Highlights

  • Attached Carport
  • Laundry Facilities
  • Carpet

About This Home

As of October 2017

The subject property addresses are 11202 & 11208 and are 20 unit NON rent control apartment buildings located in the strong rental market of El Monte. Built in 1958, this two-story garden style building consists of two building with 10 units each and an excellent unit mix of 16- 1 bed+1 bath and 4- 2 bed+ 2 bath units which are bright and spacious.There are 20 tuck under, carport style parking spaces for the tenants couple with street parking along with 2 on-site laundry units for the convenience of the tenants. The property has security gates and the front and rear of the building and all units are individually metered for Gas and Electricity Tremendous Value Add opportunity with aggressive Upside! Approx. 70% of the units are remodeled and/or upgraded! Includes APN 8105-020-004* Excellent Unit Mix: 16- 1+1 and 4- 2+2 *Year Built : 1958 *Building sqft: 11,748 * Lot sqft: 12,476* Current Cap: 5.66% * Market Cap: 11.76% * Current GRM: 11.81 * Market GRM: 8.33* Cost per Unit: $135,000 * Cost per sqft: $229.83

Last Agent to Sell the Property

Richard Perez

BHHS California Properties License #00912182 Listed on: 08/24/2017

BHHS California Properties

Last Buyer's Agent

Lynette Sohl

Berkshire Hathaway HomeServices California Properties License #1256496

Berkshire Hathaway HomeServices California Properties
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.29

Parking

  • 20 Car Garage
  • Attached Carport
  • Parking Available

Home Design

  • Property Attached

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 24 Bathrooms

Additional Features

  • 2-Story Property
  • 12,476 Sq Ft Lot
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 8150020003

Community Details

Overview

  • 20 Units
  • Not Applicable 1007242 Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 20 Leased Units
  • 22 Separate Electric Meters
  • 22 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $20

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0.29 Acres

Parking

20

Listing Details

  • CapRate: 5.66
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: EMR3
  • Property Type: Residential Income
  • Parcel Number: 8150020003
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Total Bedrooms: 24
  • Levels: Two

Garage/Parking

  • Garage Spaces: 20.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 20.00

Utilities

  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Laundry Features: Community

Lot Info

  • Lot Size Sq Ft: 12476.00
  • Lot Size Acres: 0.2900

Multi Family

  • Gross Multiplier: 11.81
  • Gross Operating Income: 20.00
  • Lot Size Area: 12476.0000 Square Feet
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 22
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 20
  • Number Of Units Total: 20

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2017
Closed on
Oct 18, 2017
Sold by
Bought by
Seller's Agent
Richard Perez
BHHS California Properties
Buyer's Agent
Lynette Sohl
Berkshire Hathaway HomeServices California Properties
List Price
$2,700,000
Sold Price
$3,000,000
Premium/Discount to List
$300,000
11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,990,000
Interest Rate
3.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2014
Sold by
Bought by

Purchase Details

Closed on
Oct 21, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,537,500
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 4, 2009
Sold by
Bought by

Purchase Details

Closed on
Oct 11, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.7%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 26, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$858,000
Interest Rate
5.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 25, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$858,000
Interest Rate
5.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 22, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 31, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$597,000
Interest Rate
7.37%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,000,000 California Title Company
-- None Available
$2,200,000 Fidelity Sherman Oaks
-- None Available
-- Landamerica
-- First American Title Ins Co
-- First American Title Ins Co
-- Investors Title Company
$796,000 Fidelity Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,500,000
Closed $1,990,000
Previous Owner $1,537,500
Previous Owner $1,100,000
Previous Owner $1,145,000
Previous Owner $300,000
Previous Owner $250,000
Previous Owner $150,000
Previous Owner $200,000
Previous Owner $1,190,000
Previous Owner $858,000
Previous Owner $858,000
Previous Owner $640,000
Previous Owner $597,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/21/2017 10/21/17 Sold $3,000,000 +11.1% $255 / Sq Ft
09/29/2017 09/29/17 Pending -- -- --
08/24/2017 08/24/17 For Sale $2,700,000 -- $230 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $32,000 $1,706,740 $938,708 $768,032
2024 $30,092 $1,673,275 $920,302 $752,973
2023 $28,925 $1,640,466 $902,257 $738,209
2022 $28,367 $1,608,301 $884,566 $723,735
2021 $27,861 $1,576,767 $867,222 $709,545
2019 $26,992 $1,530,480 $841,500 $688,980
2018 $25,898 $1,500,480 $825,000 $675,480
2016 $20,043 $1,139,087 $455,635 $683,452
2015 $19,782 $1,121,977 $448,791 $673,186
2014 $15,894 $824,077 $189,032 $635,045
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-817001503

Pasadena-Foothills Association of REALTORS®
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