NOT LISTED FOR SALE
13 Beds
7 Baths
8,592 Sq Ft
18,828 Sq Ft Lot

Last Sold July 01, 2016

Last sale price $2,410,000 $280 Per Sq Ft

14 Days on Market

Highlights

  • 18,828 Sq Ft lot
  • 42 Car Garage
  • Wall Furnace
  • No HOA
  • Level Lot

About This Home

As of July 2016

Gated 15 unit apartment complex with a unit mix of 14 (2Bd/1Ba) and 1 (1Bed/1Ba) in its own separate building. It is located in North El Monte. The units are individually metered for gas and electricity. There is a gated secured entry. . It is close to freeways, supermarket and restaurants. PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS. DRIVE BY ONLY!!!

Last Agent to Sell the Property

Sally Cheng

Coldwell Banker Envision License #01879016 Listed on: 04/14/2016

Coldwell Banker Envision

Last Buyer's Agent

Hui Ju Tsai

Coldwell Banker Envision License #01947042

Coldwell Banker Envision

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 0.43 Acre Lot
  • No Common Walls
  • Level Lot

Home Design

  • 8,592 Sq Ft Home

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 7 Bathrooms

Parking

  • 42 Car Garage
  • Parking Available

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 10710
  • Assessor Parcel Number 8567012002

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 15 Units

Building Details

  • 15 Leased Units
  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,224
  • Gardener Expense $1,200
  • Insurance Expense $7,063
  • Professional Management Expense $8,586
  • Trash Expense $4,812
  • Water Sewer Expense $5,093
  • Gross Income $15,175
  • Net Operating Income $99,607

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0.43 Acres

Listing Details

  • Assessments: No
  • CapRate: 4.33
  • Professional Management Expense: 8586.00
  • Property Attached: No
  • Water Sewer Expenses: 5093.00
  • Zoning: EMR1B
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8567012002
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 280.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 42.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 4812.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Level, Level with Street
  • Lot Size Sq Ft: 18828.00
  • Price Per Lot Square Foot: 128.00

Multi Family

  • Electric Expense: 1224.00
  • Gross Income: 15175.00
  • Gross Multiplier: 12.50
  • Gross Scheduled Income: 184000.00
  • Insurance Expense: 7063.00
  • Net Operating Income: 99607.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 15
  • Number Of Units Total: 15
  • Operating Expense: 78873.00
  • Rent Control: No
  • Total Actual Rent: 15175.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 10710
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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 List to Sale Price per Sq Ft
07/01/2016 07/01/16 Sold $2,410,000 +4.8% $280 / Sq Ft
04/28/2016 04/28/16 Pending -- -- --
04/14/2016 04/14/16 For Sale $2,300,000 -- $268 / 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 $40,338 $2,841,107 $2,012,452 $828,655
2024 $40,338 $2,785,400 $1,972,993 $812,407
2023 $39,561 $2,730,785 $1,934,307 $796,478
2022 $38,124 $2,677,241 $1,896,380 $780,861
2021 $38,621 $2,624,747 $1,859,197 $765,550
2020 $38,515 $2,602,675 $1,840,134 $762,541
2019 $39,031 $2,551,738 $1,804,053 $747,685
2018 $38,364 $2,501,800 $1,768,680 $733,120
2016 $7,554 $328,820 $85,972 $242,848
2015 $7,459 $323,882 $84,681 $239,201
2014 $7,330 $317,539 $83,023 $234,516
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR16078073

California Regional Multiple Listing Service (CRMLS)
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