NOT LISTED FOR SALE
13 Beds
7 Baths
4,839 Sq Ft
0.41 Acres

Last Sold March 31, 2022

Last sale price $1,960,000 $405 Per Sq Ft

14 Days on Market

Highlights

  • 0.41 Acre Lot
  • No HOA
  • 1-Story Property
  • Arroyo High School Rated A-
  • Laundry Room

About This Home

As of March 2022

We are pleased to exclusively offer for sale this "4" unit property in the city of El Monte. Currently reflected as 5 units per the LA County Assessor, the subject now consists of 1(5Bed/2Bath) house *originally a 2 unit structure, 2(3Bed/2Bath) units, & 1(2Bed/1Bath) unit. There are 3 single level structures on the property for a total rentable square footage of 4,839 SqFt (per the assessor) of which are situated on a 17,897 SqFt lot. All units are separately metered for Electricity, Gas & Water! The owner only pays for the trash expense. All tenants are long term and currently paying. Given the discrepancy in unit count, no loan or appraisal contingency will be accepted. Buyer and Buyer's agent to check with the proper city authorities regarding legal unit count and any modifications made.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 03/07/2022

RE/MAX 2000 REALTY

Last Buyer's Agent

Tiffany Wang

RE/MAX ELITE REALTY License #02036354

RE/MAX ELITE REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.41 Acre Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 3 Car Garage
  • 2 Carport Spaces

Home Design

  • Property Attached

Interior Spaces

  • 4,839 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 27
  • Tax Tract Number 8538
  • Assessor Parcel Number 8538007019

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,936
  • Maintenance Expense $2,000
  • Trash Expense $1,384
  • New Taxes Expense $19,546
  • Operating Expense $24,866
  • Gross Income $90,780
  • Net Operating Income $63,191

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

3

Listing Details

  • Other Phone Description: Frank Zamora
  • Other Phone Number: 626-427-0797
  • Price Per Unit: 381250
  • Property Attached: Yes
  • Zoning: EMR1BY
  • Property Type: Residential Income
  • Parcel Number: 8538007019
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 405.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 3.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1384.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 17897.00
  • Lot Size Acres: 0.4109

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 90780.00
  • Gross Operating Income: 88057.00
  • Gross Scheduled Income: 90780.00
  • Insurance Expense: 1936.00
  • Lot Size Area: 17897.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 63191.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 24866.00
  • Rent Control: Yes
  • Total Expenses: 24866.00
  • Vacancy Allowance: 2723

Tax Info

  • New Taxes Expense: 19546.00
  • Tax Census Tract: 4325.00
  • Tax Lot: 27
  • Tax Tract Number: 8538

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $1,960,000 0.0% $405 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/16/2022 03/16/22 Off Market $1,960,000 -- --
03/16/2022 03/16/22 For Sale $1,525,000 -22.2% $315 / Sq Ft
03/15/2022 03/15/22 Off Market $1,960,000 -- --
03/15/2022 03/15/22 For Sale $1,525,000 -22.2% $315 / Sq Ft
03/14/2022 03/14/22 Off Market $1,960,000 -- --
03/11/2022 03/11/22 Price Changed $1,525,000 +3.4% $315 / Sq Ft
03/07/2022 03/07/22 For Sale $1,475,000 -- $305 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22044797

California Regional Multiple Listing Service (CRMLS)