NOT LISTED FOR SALE

116 S 22nd St Montebello, CA 90640

Estimated Value: $937,000 - $1,025,000

4 Beds
3 Baths
2,473 Sq Ft
$394/Sq Ft Est. Value

Last Sold November 03, 2015

Last sale price $505,000 $204 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $6,233/month

70 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Wall Furnace
  • Corner Lot
  • Tile Countertops
  • Front Yard

About This Home

As of November 2015

Ideal location for investors in high demand area for rentals. Two of the units are 1-bedroom and 1-bath. The 3rd unit is a 2-bedroom 1-bath. please do not disturb tenants. Each unit has 1-car garage. Well maintained in the outside. It needs some minor improvements inside. Please submit offer subject to interior inspection.

Last Agent to Sell the Property

Eduardo Lopez

Executive Real Estate Service License #01172044 Listed on: 07/06/2015

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 8,617 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Front Yard

Parking

  • 3 Car Garage

Home Design

  • 2,473 Sq Ft Home
  • Traditional Architecture
  • Property Attached
  • Fire Rated Drywall
  • Frame Construction
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Tile Countertops
  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 4272
  • Assessor Parcel Number 6337007003

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $960
  • Trash Expense $360
  • Water Sewer Expense $1,440
  • New Taxes Expense $7,632
  • Gross Income $3,050
  • Net Operating Income $2,184

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

8,617 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1440.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 6337007003
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Tile Counters
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 204.21

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 360.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Front Yard, Corner Lot
  • Lot Size Sq Ft: 8617.00
  • Price Per Lot Square Foot: 58.61
  • Lot Size Acres: 0.1980

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3050.00
  • Gross Scheduled Income: 3050.00
  • Insurance Expense: 960.00
  • Lot Size Area: 8617.0000 Square Feet
  • Net Operating Income: 2184.00
  • 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: 866.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7632.00
  • Tax Lot: 5
  • Tax Tract Number: 4272

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2015
Closed on
Sep 18, 2015
Sold by
Sandoval Maria
Bought by
Baez Ruben
Seller's Agent
Eduardo Lopez
Executive Real Estate Service
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$575,000
Sold Price
$505,000
Premium/Discount to List
-$70,000
-12.17%
Current Estimated Value
$975,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$470,195
Avg. Annual Appreciation
6.55%
Original Mortgage
$378,750
Outstanding Balance
$297,076
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$678,119

Purchase Details

Closed on
Jul 9, 2009
Sold by
Sandoval Everardo
Bought by
Sandoval Everardo

Purchase Details

Closed on
Jan 5, 2009
Sold by
Sandoval Maria
Bought by
Sandoval Everardo

Purchase Details

Closed on
May 13, 2008
Sold by
Sandoval Everardo and Sandoval Maria D
Bought by
Sandoval Everardo

Purchase Details

Closed on
Sep 1, 2004
Sold by
Cruz Juan A and Cruz Margarita
Bought by
Sandoval Evedardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,250
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
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
Baez Ruben $505,000 Pacific Coast Title Company
Sandoval Everardo -- Cctn Pasadena Title
Sandoval Everardo -- Ticor Title Company
Sandoval Everardo -- Ticor Title Company
Sandoval Everardo -- None Available
Sandoval Everardo -- None Available
Sandoval Evedardo $485,000 Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baez Ruben $378,750
Previous Owner Sandoval Evedardo $315,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2015 11/03/15 Sold $505,000 -12.2% $204 / Sq Ft
09/14/2015 09/14/15 Pending -- -- --
07/06/2015 07/06/15 For Sale $575,000 -- $233 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,910 $905,148 $624,240 $280,908
2024 $13,910 $887,400 $612,000 $275,400
2023 $13,856 $870,000 $600,000 $270,000
2022 $9,471 $563,332 $396,006 $167,326
2021 $9,113 $552,288 $388,242 $164,046
2019 $8,666 $535,909 $376,728 $159,181
2018 $8,728 $525,402 $369,342 $156,060
2016 $8,378 $505,000 $355,000 $150,000
2015 $8,827 $562,497 $330,541 $231,956
2014 $7,639 $470,000 $276,200 $193,800
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15146423

California Regional Multiple Listing Service (CRMLS)

APN: 6337-007-003

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