NOT LISTED FOR SALE

11631 Magnolia St El Monte, CA 91732

Mountain View Neighborhood
7 Beds
4 Baths
4,424 Sq Ft
0.51 Acres

Last Sold April 23, 2019

Last sale price $1,280,000 $289 Per Sq Ft

17 Days on Market

Highlights

  • No Units Above
  • 0.51 Acre Lot
  • 1-Story Property
  • El Monte High School Rated A-

About This Home

As of April 2019

We are pleased to offer for sale this 5 (+1 non-conforming) unit property in the city of El Monte. The property is comprised of 4 single story detached units; main house (originally 4 bedroom/2 bathroom) which has it's own front yard and garage parking, and 3 (1-Bedroom/1-Bathroom) cottages which each have individual front/backyard & 1 car garage. The fifth unit is a 2 Bedroom/1 Bathroom unit which is situated above the 4 car garages. The total lot size is 22,384 SqFt with plenty of open space for tenant enjoyment. The rear unit and three 1-Bedroom cottages are separately metered for electricity and gas. (Front house has been divided into 2 units: 2 Bed/1 Bath $1,300 & 1 Bed/1 Bath $900. This unit has 1 electric meter and 1 gas meter). For a new investor this property offers a substantial 28% upside in rental income and a 5.88% Market Cap Rate!

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 02/04/2019

RE/MAX 2000 REALTY

Last Buyer's Agent

Cheuk Chan

YORK LA INVESTMENT License #01257250

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 0.51 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,424 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 023
  • Tax Tract Number 23
  • Assessor Parcel Number 8105007023

Community Details

Overview

  • 5 Buildings
  • 5 Units

Building Details

  • 6 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,991
  • Maintenance Expense $3,000
  • Other Expense $750
  • Trash Expense $4,446
  • Water Sewer Expense $4,576
  • New Taxes Expense $14,688
  • Operating Expense $29,450
  • Gross Income $79,200
  • Net Operating Income $47,373

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4576.00
  • Zoning: EMR3YY
  • Property Type: Residential Income
  • Parcel Number: 8105007023
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 289.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 4446.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 22384.00
  • Lot Size Acres: 0.5139

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 79200.00
  • Gross Operating Income: 76824.00
  • Gross Scheduled Income: 79200.00
  • Insurance Expense: 1991.00
  • Lot Size Area: 22384.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 47373.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 5
  • Operating Expense: 29450.00
  • Other Expense: 750.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 6600.00
  • Total Expenses: 29450.00
  • Vacancy Allowance: 2376

Tax Info

  • New Taxes Expense: 14688.00
  • Tax Census Tract: 4334.03
  • Tax Lot: 023
  • Tax Tract Number: 023

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
04/23/2019 04/23/19 Sold $1,280,000 +8.9% $289 / Sq Ft
02/21/2019 02/21/19 Pending -- -- --
02/04/2019 02/04/19 For Sale $1,175,000 -- $266 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kristopher German

    Seller's Agent in 2019

    Kristopher German

    RE/MAX

    (909) 645-0443

    2 in this area

    118 Total Sales

    Section Image

  • C

    Buyer's Agent in 2019

    Cheuk Chan

    YORK LA INVESTMENT

    (626) 233-1849

    23 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19026045

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County El Monte 91732 Mountain View

11631 Magnolia St, El Monte, CA

This home is located at 11631 Magnolia St, El Monte, CA 91732 since 04 February 2019. This property was built in 1952. 11631 Magnolia St is a home located in Los Angeles County with nearby schools including Willard F. Payne Elementary, El Monte High School, and New Life Christian School.

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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