NOT LISTED FOR SALE

11720 Lambert Ave El Monte, CA 91732

Norwood Cherrylee Neighborhood

Estimated Value: $1,385,000 - $1,679,000

8 Beds
5 Baths
3,442 Sq Ft
$441/Sq Ft Est. Value

Last Sold January 25, 2022

Last sale price $1,350,000 $392 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $9,575/month

126 Days on Market

Highlights

  • 0.54 Acre Lot
  • Laundry Room
  • Back and Front Yard
  • No HOA

About This Home

As of January 2022

BACK ON THE MARKET! Previous buyer's loss is your gain to this 23,427 sqft lot property. It is a perfect investment to receive passive income of $5350 a month or for new development. Huge upside rental income potential here. Rents currently are very low compared to market rent. Tenants have been paying on-time even during the pandemic. Front unit is 3beds, 2bath rented $1600. 2 back units are 2bedrooms, 1bath each rented for $1500 & $1300; 1bed & 1bath rented for $950/month which is not on title, but per City record, it's a 468 square feet single family dwelling. Please review supplement documents. Expenses is just an estimate.
It’s upper north of El Monte & there are many multiple homes in development or have been re-built in recent years in the neighborhood. The potential is unlimited with this huge lot property. It’s sold AS IS, NO REPAIRS, NO TERMITE WORK, or CREDIT will be provided by seller. Easy access to the 10, 210, 605 freeways, supermarkets, shops, restaurants, and public transportation. Please DO NOT DISTURB occupants.

Last Agent to Sell the Property

Kimberly Le

BLUE DIAMOND MORTGAGE & REALTY License #01494039 Listed on: 08/11/2021

Last Buyer's Agent

Wilson Fang

Wilson C Fang, BROKER License #01844249

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 0.54 Acre Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 4 Car Garage

Home Design

  • 3,442 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 25 / B
  • Tax Tract Number 1
  • Assessor Parcel Number 8548011008
  • $1,164 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $2,000
  • Insurance Expense $2,000
  • Other Expense $600
  • Trash Expense $1,508
  • Water Sewer Expense $1,632
  • Operating Expense $7,740
  • Gross Income $64,200
  • Net Operating Income $56,460

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1632.00
  • Zoning: EMR1BY
  • Property Type: Residential Income
  • Parcel Number: 8548011008
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 392.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 1508.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 23427.00
  • Lot Size Acres: 0.5378

Multi Family

  • Electric Expense: 2000.00
  • Gross Income: 64200.00
  • Gross Scheduled Income: 64200.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 23427.0000 Square Feet
  • Net Operating Income: 56460.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 4
  • Operating Expense: 7740.00
  • Other Expense: 600.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Expenses: 7740.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 4326.01
  • Tax Lot: 25
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 1164.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2024
Sold by
Tang Fan and Yu Elizabeth Tao
Bought by
Kk & T Group Llc
Current Estimated Value
$1,517,234

Purchase Details

Listed on
Aug 11, 2021
Closed on
Jan 11, 2022
Sold by
Phuoc Pham Tho
Bought by
Tang Fan and Yu Elizabeth Tao
Seller's Agent
Kimberly Le
BLUE DIAMOND MORTGAGE & REALTY
Buyer's Agent
Wilson Fang
Wilson C Fang, BROKER
List Price
$1,299,000
Sold Price
$1,350,000
Premium/Discount to List
$51,000
3.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.02%
Original Mortgage
$810,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2016
Sold by
Pham Tho Phuoc
Bought by
Pham Tho Phuoc and Pham Tung Thanh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2014
Sold by
Phu Nhi B
Bought by
Pham Tho

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2000
Sold by
Luu Jonathan and Luu Grace
Bought by
Pham Tho

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
7.9%

Purchase Details

Closed on
Aug 5, 1998
Sold by
Hewitt Elva P Tr Elva P Hewitt Trust
Bought by
Luu Jonathan and Luu Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,950
Interest Rate
6.88%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kk & T Group Llc -- --
Tang Fan $1,350,000 Pacific Coast Title
Pham Tho Phuoc -- Lawyers Title
Pham Tho Phuoc -- Lawyers Title
Pham Tho -- Western Resources Title Co
Pham Tho $340,000 American Title
Luu Jonathan $280,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tang Fan $810,000
Previous Owner Pham Tho Phuoc $470,000
Previous Owner Pham Tho $480,000
Previous Owner Pham Tho $272,000
Previous Owner Luu Jonathan $237,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2022 01/25/22 Sold $1,350,000 +3.9% $392 / Sq Ft
10/21/2021 10/21/21 For Sale $1,299,000 -3.8% $377 / Sq Ft
10/20/2021 10/20/21 Off Market $1,350,000 -- --
09/08/2021 09/08/21 Price Changed $1,299,000 +8.3% $377 / Sq Ft
09/08/2021 09/08/21 For Sale $1,199,000 -11.2% $348 / Sq Ft
09/01/2021 09/01/21 Off Market $1,350,000 -- --
08/11/2021 08/11/21 For Sale $1,199,000 -- $348 / 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 $19,790 $1,471,860 $1,035,300 $436,560
2024 $19,790 $1,423,715 $1,001,905 $421,810
2023 $19,157 $1,377,000 $982,260 $394,740
2022 $11,699 $821,971 $586,632 $235,339
2021 $11,847 $805,855 $575,130 $230,725
2020 $11,813 $797,593 $569,233 $228,360
2019 $12,082 $781,955 $558,072 $223,883
2018 $11,737 $766,624 $547,130 $219,494
2016 $6,958 $432,773 $280,031 $152,742
2015 $6,880 $426,273 $275,825 $150,448
2014 $6,640 $417,923 $270,422 $147,501
Source: Public Records

Agents Affiliated with this Home

  • Kimberly Le

    Seller's Agent in 2022

    Kimberly Le

    BLUE DIAMOND MORTGAGE & REALTY

    (626) 461-2970

    1 in this area

    17 Total Sales

    Kimberly Le
    Section Image

  • W

    Buyer's Agent in 2022

    Wilson Fang

    Wilson C Fang, BROKER

    (626) 575-8858

    1 in this area

    4 Total Sales

    Wilson Fang
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21176660

California Regional Multiple Listing Service (CRMLS)

APN: 8548-011-008

California Los Angeles County El Monte 91732 Norwood Cherrylee

11720 Lambert Ave, El Monte, CA

Not Listed for Sale

MultiFamily

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