NOT LISTED FOR SALE

11644 Ferris Rd El Monte, CA 91732

River East Neighborhood
13 Beds
7 Baths
8,592 Sq Ft
0.43 Acres

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
  • No HOA
  • Level Lot
  • El Monte High School Rated A-
  • 42 Car Garage
  • Wall Furnace

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

Berkshire Hathaway HomeServices California Properties License #01879016 Listed on: 04/14/2016

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Hui Ju Tsai

Berkshire Hathaway HomeServices California Properties License #01947042

Berkshire Hathaway HomeServices California Properties

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

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

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 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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sally Cheng

    Seller's Agent in 2016

    Sally Cheng

    Berkshire Hathaway HomeServices California Properties

    (626) 825-1356

    18 Total Sales

    Sally Cheng
    Section Image
  • Hui Ju Tsai

    Buyer's Agent in 2016

    Hui Ju Tsai

    Berkshire Hathaway HomeServices California Properties

    (626) 810-6660

    30 Total Sales

    Hui Ju Tsai
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR16078073

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County El Monte 91731 River East

11644 Ferris Rd, El Monte, CA

This home is located at 11644 Ferris Rd, El Monte, CA 91732 since 14 April 2016. This property was built in 1947. 11644 Ferris Rd is a home located in Los Angeles County with nearby schools including Rio Hondo School, 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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