NOT LISTED FOR SALE

Estimated Value: $1,142,000 - $1,965,000

10 Beds
4 Baths
3,964 Sq Ft
$385/Sq Ft Est. Value

Last Sold March 05, 2020

Last sale price $817,500 $206 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $9,335/month

29 Days on Market

About This Home

As of March 2020

*Must be sold with 11149 Klingerman St for a total price of $1,825,000. 11149 – 11203 Klingerman St is two side-by-side multifamily properties totaling 6 units. The unit mix of 11149 Klingerman Street consists of (1) 3-bed/1-bath unit and (1) 1-bed/1-bath unit; 11203 Klingerman includes (2) 3-bed/1-bath units and (2) 2-bed/1-bath units. Both parcels are zoned R3 and create a combined total lot size of 29,568 square feet. This 6-unit property is well situated in El Monte just minutes away from the Santa Fe Trail Plaza, the newly renovated El Monte Metro Station, and the upcoming El Monte Gateway project. This is an excellent development or value-add investment opportunity with immediate upside potential!

Last Agent to Sell the Property

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 11/19/2019

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Woody Stahl

Lyon Stahl Investment Real Est License #01399621

Last Buyer's Agent

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 11/19/2019

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 0.38 Acre Lot
  • No Common Walls
  • Wooded Lot

Home Design

  • 3,964 Sq Ft Home

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 7 / B
  • Tax Tract Number 11230
  • Assessor Parcel Number 8105017023

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,586
  • Maintenance Expense $2,003
  • Other Expense $3,200
  • New Taxes Expense $16,686
  • Operating Expense $24,675
  • Gross Income $63,441
  • Net Operating Income $38,766

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: EMR3*
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8105017023
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 206.23

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Treed Lot
  • Lot Size Sq Ft: 16396.00
  • Lot Size Acres: 0.3764

Multi Family

  • Gross Income: 63441.00
  • Gross Scheduled Income: 66780.00
  • Insurance Expense: 1586.00
  • Lot Size Area: 16396.0000 Square Feet
  • Maintenance Expense: 2003.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 38766.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 24675.00
  • Other Expense: 3200.00
  • Other Expense Description: Utility
  • Rent Control: Yes
  • Total Expenses: 24675.00

Tax Info

  • New Taxes Expense: 16686.00
  • Tax Block: B
  • Tax Census Tract: 4334.02
  • Tax Lot: 7
  • Tax Tract Number: 11230

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2019
Sold by
Norman Patricia and Erwin James
Bought by
Zhang Xin and Wen Fannie
Current Estimated Value
$1,527,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 28, 2017
Sold by
Erwin Gwen
Bought by
Erwin Gwen and Gwen Erwin Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Zhang Xin $1,635,000 Ticor Ttl Orange Cnty Branch
Erwin Gwen -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zhang Xin $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2020 03/05/20 Sold $817,500 -28.9% $206 / Sq Ft
12/18/2019 12/18/19 Pending -- -- --
12/02/2019 12/02/19 Price Changed $1,150,000 -37.0% $290 / Sq Ft
11/19/2019 11/19/19 For Sale $1,825,000 -- $460 / 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 $16,313 $1,170,199 $702,120 $468,079
2024 $16,313 $1,147,254 $688,353 $458,901
2023 $16,052 $1,124,759 $674,856 $449,903
2022 $15,440 $1,102,706 $661,624 $441,082
2021 $15,820 $1,081,085 $648,651 $432,434
2020 $2,656 $104,636 $32,253 $72,383
2019 $2,648 $102,585 $31,621 $70,964
2018 $2,398 $100,574 $31,001 $69,573
2016 $2,217 $96,671 $29,799 $66,872
2015 $2,191 $95,220 $29,352 $65,868
2014 $2,185 $93,356 $28,778 $64,578
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19268138

California Regional Multiple Listing Service (CRMLS)

APN: 8105-017-023