NOT LISTED FOR SALE

113 N 1st St Montebello, CA 90640

Estimated Value: $991,000 - $1,187,000

4 Beds
2 Baths
2,172 Sq Ft
$499/Sq Ft Est. Value

Last Sold June 15, 2015

Last sale price $600,000 $276 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $6,590/month

29 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Rectangular Lot
  • Up Slope from Street
  • 4 Car Garage
  • Wall Furnace

About This Home

As of June 2015

Excellent opportunity to purchase three units in good Montebello rental area between Beverly and Whittier Blvd. 3 Bedroom 1.5 bath home in front with 2-car garage. Two 1- bed units in rear each have attached one car garages. Front house has new copper plumbing, all new electrical wiring with three new panels, new carpet, new paint and new window coverings. Walk to shopping, restaurants and other conveniences on Whittier Blvd. Separate laundry room. Property has nice street appeal with wrought iron fencing and well maintained yards. Priced to sell!!!

Last Agent to Sell the Property

Thomas Georgino

THOMAS GEORGINO REAL ESTATE License #00620392 Listed on: 03/20/2015

Last Buyer's Agent

Peter Stamison

RE/MAX Gateway License #01416630

RE/MAX Gateway

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,145

Year Built

  • Built in 1935

Lot Details

  • 6,269 Sq Ft Lot
  • Property fronts an alley
  • No Units Located Below
  • 1 Common Wall
  • Rectangular Lot
  • Back and Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Up Slope from Street

Home Design

  • 2,172 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 009
  • Tax Tract Number 5301
  • Assessor Parcel Number 6346021009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,680
  • Insurance Expense $1,350
  • Maintenance Expense $500
  • Trash Expense $864
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,000
  • Gross Income $3,800
  • Net Operating Income $33,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,145

Year Built

Built in 1935

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Other Phone Description: cell
  • Other Phone Number: 213-453-9765
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Gardener Expense: 1680.00
  • Parcel Number: 6346021009
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Below
  • Levels: Two

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room, Outside
  • Trash Expense: 864.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Back Yard, Front Yard, Rectangular Lot, Up Slope from Street
  • Lot Size Sq Ft: 6269.00
  • Price Per Lot Square Foot: 95.71
  • Lot Size Acres: 0.1440

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3800.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 1350.00
  • Lot Size Area: 6269.0000 Square Feet
  • Maintenance Expense: 500.00
  • Net Operating Income: 33600.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 950.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Lot: 009
  • Tax Tract Number: 5301

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2015
Closed on
Jun 3, 2015
Sold by
Morales Azalia and Morales Azalia Revocable Livin
Bought by
Martinez Martin
Seller's Agent
Thomas Georgino
THOMAS GEORGINO REAL ESTATE
Buyer's Agent
Peter Stamison
RE/MAX Gateway
List Price
$595,000
Sold Price
$600,000
Premium/Discount to List
$5,000
0.84%
Current Estimated Value
$1,083,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$483,750
Avg. Annual Appreciation
5.89%
Original Mortgage
$450,000
Outstanding Balance
$348,786
Interest Rate
3.77%
Mortgage Type
New Conventional
Estimated Equity
$734,964

Purchase Details

Closed on
Apr 4, 2013
Sold by
Morales Azalia
Bought by
Morales Azalia and Morales Azalia Revocable Livin

Purchase Details

Closed on
Sep 2, 2003
Sold by
Golden James William and Morales Azalia
Bought by
Morales Azalia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Martinez Martin $600,000 Title 365
Morales Azalia -- None Available
Morales Azalia -- First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Martin $450,000
Previous Owner Morales Azalia $203,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2015 06/15/15 Sold $600,000 +0.8% $276 / Sq Ft
04/18/2015 04/18/15 Pending -- -- --
03/20/2015 03/20/15 For Sale $595,000 -- $274 / 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 $10,145 $721,098 $300,457 $420,641
2024 $10,145 $706,960 $294,566 $412,394
2023 $10,133 $693,099 $288,791 $404,308
2022 $9,795 $679,510 $283,129 $396,381
2021 $9,469 $666,187 $277,578 $388,609
2020 $9,394 $659,357 $274,732 $384,625
2019 $9,105 $646,430 $269,346 $377,084
2018 $9,228 $633,756 $264,065 $369,691
2016 $8,918 $609,149 $253,812 $355,337
2015 $5,598 $386,792 $187,475 $199,317
2014 $5,530 $379,216 $183,803 $195,413
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS15058700

California Regional Multiple Listing Service (CRMLS)

APN: 6346-021-009