NOT LISTED FOR SALE

113 S 3rd St Montebello, CA 90640

Estimated Value: $1,261,000 - $1,632,869

8 Beds
4 Baths
3,840 Sq Ft
$369/Sq Ft Est. Value

Last Sold April 12, 2019

Last sale price $1,115,000 $290 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $8,823/month

Highlights

  • Lawn
  • Laundry Room
  • 4 Car Garage

About This Home

As of April 2019

4 unit apartment building with Large 2 bedroom and 1 Bathroom units that are in great condition and always rented. Four detached 1 car garages and addition onsite parking. Lots of upside in rents. This property is a must see..

Last Agent to Sell the Property

Steve Leitner

First Team Real Estate License #01310869 Listed on: 03/04/2019

First Team Real Estate

Last Buyer's Agent

Hagop Yapoujian

HYNET REALTY License #01005112

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 6,261 Sq Ft Lot
  • No Common Walls
  • Lawn
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • 3,840 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 161
  • Tax Tract Number 5321

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $430
  • Insurance Expense $1,100
  • Trash Expense $1,644
  • Water Sewer Expense $2,870
  • New Taxes Expense $13,625
  • Operating Expense $19,669
  • Gross Income $63,360
  • Net Operating Income $43,691

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2870.00
  • Property Type: Residential Income
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 290.36

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1644.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn
  • Lot Size Sq Ft: 6261.00
  • Lot Size Acres: 0.1437

Multi Family

  • Electric Expense: 430.00
  • Gross Income: 63360.00
  • Gross Scheduled Income: 63360.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 6261.0000 Square Feet
  • Net Operating Income: 43691.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 19669.00
  • Rent Control: No
  • Total Actual Rent: 5260.00
  • Total Expenses: 19669.00

Tax Info

  • New Taxes Expense: 13625.00
  • Tax Lot: 161
  • Tax Tract Number: 5321

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2019
Closed on
Apr 10, 2019
Sold by
Loussararian Eddie and Loussararian Monoushak M
Bought by
Manoushak Eddie and Manoushak Loussararian Fmtr
Seller's Agent
Steve Leitner
First Team Real Estate
Buyer's Agent
Hagop Yapoujian
HYNET REALTY
List Price
$1,090,000
Sold Price
$1,115,000
Premium/Discount to List
$25,000
2.29%
Current Estimated Value
$1,415,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$300,717
Avg. Annual Appreciation
3.57%
Original Mortgage
$836,250
Outstanding Balance
$733,709
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$682,008

Purchase Details

Listed on
Mar 4, 2019
Closed on
Apr 2, 2019
Sold by
Cooper Robert and Cooper Crista
Bought by
Loussararian Eddie and Loussararian Manoushak M
Seller's Agent
Steve Leitner
First Team Real Estate
Buyer's Agent
Hagop Yapoujian
HYNET REALTY
List Price
$1,090,000
Sold Price
$1,115,000
Premium/Discount to List
$25,000
2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$836,250
Outstanding Balance
$733,709
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$682,008

Purchase Details

Closed on
Oct 22, 2013
Sold by
Gay Davis and Gay Jamie
Bought by
Cooper Robert and Cooper Crista

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,690
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2011
Sold by
Gay David L and Gay Jamie
Bought by
Gay David L and Gay Jamie

Purchase Details

Closed on
Mar 4, 2003
Sold by
Butner Christopher
Bought by
Gay Dave and Gay Jamie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.73%

Purchase Details

Closed on
May 15, 2002
Sold by
Butner Akiko
Bought by
Butner Christopher

Purchase Details

Closed on
Nov 8, 2001
Sold by
Butner Christopher
Bought by
Butner Christopher and Butner Akiko

Purchase Details

Closed on
Feb 19, 1999
Sold by
Thames Carroll E and Thames Vesna K
Bought by
Butner Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,081
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 15, 1994
Sold by
Thames Caroll E and Thames Vesna K
Bought by
Thames Carroll E and Thames Vesna K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
7.21%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Manoushak Eddie -- Lawyers Title Company
Loussararian Eddie $1,115,000 Lawyers Title Company
Cooper Robert -- Nations Title Company
Gay David L -- None Available
Gay Dave $450,000 Commerce Title
Butner Christopher -- --
Butner Christopher -- --
Butner Christopher $260,000 American Title Co
Thames Carroll E -- South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loussararian Eddie $836,250
Previous Owner Cooper Robert $378,690
Previous Owner Gay Dave $325,000
Previous Owner Butner Christopher $257,081
Previous Owner Thames Carroll E $57,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2019 04/12/19 Sold $1,115,000 +2.3% $290 / Sq Ft
03/04/2019 03/04/19 For Sale $1,090,000 -- $284 / 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 $17,649 $1,243,798 $871,217 $372,581
2024 $17,408 $1,219,411 $854,135 $365,276
2023 $17,394 $1,195,502 $837,388 $358,114
2022 $16,814 $1,172,062 $820,969 $351,093
2021 $16,252 $1,149,081 $804,872 $344,209
2020 $16,124 $1,137,750 $796,620 $341,130
2019 $8,612 $584,693 $224,607 $360,086
2018 $8,698 $573,238 $220,203 $353,035
2016 $8,296 $550,548 $211,653 $338,895
2015 $7,843 $542,279 $208,474 $333,805
2014 $7,746 $531,658 $204,391 $327,267
Source: Public Records

Agents Affiliated with this Home

  • Steve Leitner

    Seller's Agent in 2019

    Steve Leitner

    First Team Real Estate

    (562) 841-8508

    55 Total Sales

    Steve Leitner
    Section Image
  • Hagop Yapoujian

    Buyer's Agent in 2019

    Hagop Yapoujian

    HYNET REALTY

    (323) 724-0000

    8 in this area

    25 Total Sales

    Hagop Yapoujian
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19048053

California Regional Multiple Listing Service (CRMLS)

APN: 6349-003-009

California Los Angeles County Montebello 90640

113 S 3rd St, Montebello, CA

Not Listed for Sale

MultiFamily

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