NOT LISTED FOR SALE

11500 Mcgirk Ave El Monte, CA 91732

Norwood Cherrylee Neighborhood

Estimated Value: $1,065,000 - $1,265,000

5 Beds
3 Baths
2,295 Sq Ft
$508/Sq Ft Est. Value

Sale Details

Date Sold: November 5, 2014

Last sale price $665,000 $290 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $7,268 / mo

4 Days on Market

Highlights

  • 0.36 Acre Lot
  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • Corner Lot
  • No HOA
  • 1-minute walk to Lambert Park

About This Home

As of November 2014

FIRST TIME ON THE MARKET EVER! ATTRACTIVE 3-UNIT INCOME PROPERTY IN NORTH EL MONTE WITH R-3 ZONING. DON'T MISS THIS RARE OPPORTUNITY TO INVEST IN THIS FANTASTIC PROPERTY WITH HUGE LONG-TERM & SHORT-TERM POTENTIAL. LARGE LOT SIZE CERTAINLY ALLOWS OWNER TO BUILD AND EXPAND...THE POSSIBILITIES ARE ENDLESS. IDEAL CORNER LOT LOCATION, WITH HUGE 15,688 SF LOT SIZE! ALL 3 UNITS ARE DETACHED, FENCED, AND HAVE INDIVIDUAL METERS - GREAT FOR PRIVACY. UNITS ARE IN GOOD CONDITION, SEPARATE LAUNDRY AREAS, WINDOW A/C UNITS, NICELY LANDSCAPED WITH MATURE PLANTS/TREES. PLENTY OF PARKING, ADDITIONAL LARGE GARAGE STRUCTURE IN THE REAR. TREE BRANCH FELL ON GARAGE AND NEEDS REPAIR. INVESTMENT PROPERTY INCLUDES 3 SEPARATE ADDRESSES: 11500 MCGIRK, 11506 MCGIRK, & 4366 ELROVIA. PICS FROM 11506 MCGIRK WERE TAKEN ON 5/24/2013. NICE NEIGHBORHOOD ALONG QUIET STREET WITH WONDERFUL LOCATION IN NORTH EL MONTE. TOTAL CURRENT RENTS ARE $3655/ MONTH, FANTASTIC CAP RATE FOR INVESTORS. ALL INFORMATION DEEMED RELIABLE, BUYER TO VERIFY AND CHECK WITH CITY FOR ALL THE WONDERFUL POSSIBILITIES OF THIS HUGE LOT!

Last Agent to Sell the Property

Kelvin Chang

Coldwell Banker Dynasty T.C. License #01492062 Listed on: 08/18/2014

Coldwell Banker Dynasty T.C.

Last Buyer's Agent

Kelvin Chang

Coldwell Banker Dynasty T.C. License #01492062 Listed on: 08/18/2014

Coldwell Banker Dynasty T.C.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1934

Lot Details

  • 15,688 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Landscaped
  • Corner Lot
  • Level Lot
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Cosmetic Repairs Needed

Interior Spaces

  • 2,295 Sq Ft Home
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Living Room
  • Tile Countertops
  • Laundry in unit

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 1
  • Tax Tract Number 10285
  • Assessor Parcel Number 8569021028

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $75
  • Gross Income $3,655
  • Net Operating Income $42,960

Property Details

Home Type

Multi-Family

Year Built

Built in 1934

Lot Details

0.36 Acres

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Zoning: EMR3YY
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 75.00
  • Parcel Number: 8569021028
  • Year Built: 1934
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Tile Counters
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 289.76
  • Room Type: Living Room
  • Window Features: Blinds, Drapes

Exterior Features

  • Fencing: Chain Link
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Covered, Concrete, Driveway, Garage
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Lot Features: Back Yard, Front Yard, Level, Landscaped, Lot 10000-19999 Sqft, Corner Lot, Yard
  • Lot Size Sq Ft: 15688.00
  • Lot Size Acres: 0.3600

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 3655.00
  • Gross Scheduled Income: 43860.00
  • Lot Size Area: 15688.0000 Square Feet
  • Net Operating Income: 42960.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 75.00
  • Rent Control: No
  • Total Actual Rent: 3650.00

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 10285
  • Tax Year: 2013

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

Closed on
Sep 5, 2014
Sold by
Bought by
Current Estimated Value
$1,166,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2013
Sold by
Bought by

Purchase Details

Closed on
Dec 12, 2007
Sold by
Bought by

Purchase Details

Closed on
Jan 31, 2007
Sold by
Bought by

Purchase Details

Closed on
Mar 30, 1995
Sold by
Bought by
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

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
$665,000 Ticor Title
-- Accommodation
-- None Available
-- None Available
-- --
-- --
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
Previous Owner $472,500
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
11/05/2014 11/05/14 Sold $665,000 +6.4% $290 / Sq Ft
08/22/2014 08/22/14 Pending -- -- --
08/18/2014 08/18/14 For Sale $625,000 -- $272 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,067 $799,222 $600,920 $198,302
2024 $11,178 $783,552 $589,138 $194,414
2023 $10,959 $768,189 $577,587 $190,602
2022 $10,556 $753,127 $566,262 $186,865
2021 $10,697 $738,360 $555,159 $183,201
2020 $10,667 $730,790 $549,467 $181,323
2019 $10,913 $716,462 $538,694 $177,768
2018 $10,715 $702,415 $528,132 $174,283
2016 $10,285 $675,141 $507,625 $167,516
2015 $10,169 $665,000 $500,000 $165,000
2014 $1,684 $67,157 $38,578 $28,579
Source: Public Records

Agents Affiliated with this Home

  • Kelvin Chang

    Seller's Agent in 2014

    Kelvin Chang

    Coldwell Banker Dynasty T.C.

    (626) 372-2609

    31 Total Sales

    Kelvin Chang
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR14177770

California Regional Multiple Listing Service (CRMLS)

APN: 8569-021-028

California Los Angeles County El Monte 91732 Norwood Cherrylee

11500 Mcgirk Ave, El Monte, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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