NOT LISTED FOR SALE

117 E Hammel St Monterey Park, CA 91755

Estimated Value: $1,298,000 - $1,703,000

6 Beds
5 Baths
3,461 Sq Ft
$441/Sq Ft Est. Value

Last Sold June 15, 2022

Last sale price $1,445,000 $418 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $9,681/month

11 Days on Market

Highlights

  • Fireplace in Bathroom
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Traditional Architecture
  • No HOA
  • Laundry Room

About This Home

As of June 2022

Locatoin! Location! Location! Excellent opportunity to own this gem! Great income producing property located in a very quiet and desirable area of Monterey Park. Only minutes' drive from CSULA, downtown LA with all the entertainment LA has to offer such as Dodgers Stadium, Crypto.com Arena, Chinatown, Worldclass museum & concert hall, LA Live, Olvera St Just to name a few. With close to 3,500 sq. ft. of living space and sitting on a huge lot, this property features a spacious owner's unit that offers 3 bedrooms, 2 bath, a den, Laundry, patio & central AC, unit 1 with approx. 628 sq. ft, units 3 & 4 with approx. 460 sq. ft each, all three with 1 bedroom 1 bath. This huge lot is maintained with beautiful landscape. Additional features include 5 garages that accommodate for 6 cars: 4 single and 1 double **Check with the city about possible ADU Conversion of double car garage**. Trust sale, no court confirmation needed. Perfect for owner occupied or an investor. Great upside potential. Sold As-Is, owner will not do any repairs. Offers subject to interior inspection. Drive-by Only. DO NOT GO ON THE PROPERTY. Do NOT DISTURB TENANTS. Better Hurry ... This won't be around for too long!

Last Agent to Sell the Property

Jaffar Hazara

Team California Realty License #01712450 Listed on: 04/08/2022

Last Buyer's Agent

Jaffar Hazara

Team California Realty License #01712450 Listed on: 04/08/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 8,541 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Rectangular Lot
  • Back and Front Yard

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • Traditional Architecture
  • Split Level Home
  • Quadruplex
  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,461 Sq Ft Home
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Den with Fireplace
  • Laundry Room

Kitchen

  • Dishwasher
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms
  • Fireplace in Bathroom

Outdoor Features

  • Fireplace in Patio
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 195
  • Tax Tract Number 13919
  • Assessor Parcel Number 5274020016

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $720
  • Insurance Expense $3,154
  • Trash Expense $400
  • Water Sewer Expense $2,000
  • New Taxes Expense $17,493
  • Operating Expense $24,967
  • Gross Income $80,940
  • Net Operating Income $55,973

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2000.00
  • Zoning: R1*
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 5274020016
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Fireplace Features: Bath, Den, Dining Room, Family Room, Kitchen, Living Room, Patio
  • Levels: One, Two, Multi/Split
  • Price Per Square Foot: 417.51
  • Room Type: Den, Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Water Heater
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Rectangular Lot
  • Lot Size Sq Ft: 8541.00
  • Lot Size Acres: 0.1961

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 1200.00
  • Gross Operating Income: 80940.00
  • Gross Scheduled Income: 85200.00
  • Insurance Expense: 3154.00
  • Lot Size Area: 8541.0000 Square Feet
  • Net Operating Income: 55973.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Number With Patio: 1
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 24967.00
  • Rent Control: Yes
  • Total Actual Rent: 2100.00
  • Total Expenses: 24967.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 17493.00
  • Tax Census Tract: 4828.00
  • Tax Lot: 195
  • Tax Tract Number: 13919

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2008
Sold by
Sawasaki Yoshiko
Bought by
Sawasaki Yoshiko and The Yoshiko Sawasaki Revocable
Current Estimated Value
$1,527,978

Purchase Details

Closed on
Oct 20, 2006
Sold by
Sawasaki Yoshiko
Bought by
Sawasaki Yoshiko and The Yoshiko Sawasaki 1989 Revo

Purchase Details

Closed on
Oct 1, 1993
Sold by
Swawsaki Yoshiko and Sawasaki Yoshiko
Bought by
Sawasaki Yoshiko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.98%
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
Sawasaki Yoshiko -- None Available
Sawasaki Yoshiko -- None Available
Sawasaki Yoshiko -- North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Sawasaki Yoshiko $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2022 06/15/22 Sold $1,445,000 +3.3% $418 / Sq Ft
04/25/2022 04/25/22 For Sale $1,399,500 -3.1% $404 / Sq Ft
04/20/2022 04/20/22 Off Market $1,445,000 -- --
04/19/2022 04/19/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $1,399,500 -- $404 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $20,095 $1,533,444 $920,066 $613,378
2024 $20,095 $1,503,377 $902,026 $601,351
2023 $20,152 $1,473,900 $884,340 $589,560
2022 $3,352 $186,806 $49,799 $137,007
2021 $3,237 $183,144 $48,823 $134,321
2019 $3,131 $177,714 $47,376 $130,338
2018 $3,041 $174,231 $46,448 $127,783
2016 $2,941 $167,468 $44,646 $122,822
2015 $2,794 $164,954 $43,976 $120,978
2014 $2,781 $161,724 $43,115 $118,609
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22034117

California Regional Multiple Listing Service (CRMLS)

APN: 5274-020-016