11720 Lambert Ave El Monte, CA 91732
Norwood Cherrylee NeighborhoodEstimated Value: $1,322,000 - $1,709,000
8
Beds
5
Baths
3,442
Sq Ft
$452/Sq Ft
Est. Value
Highlights
- 0.54 Acre Lot
- No HOA
- Back and Front Yard
- Arroyo High School Rated A-
- Laundry Room
About This Home
As of January 2022BACK 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
BLUE DIAMOND MORTGAGE & REALTY License #01494039 Listed on: 08/11/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,790
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
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
Total Days on Market
126
Current Estimated Value
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
4.25%
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%
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | $200,000 | |
| Previous Owner | Pham Tho Phuoc | $470,000 | |
| Previous Owner | Pham Tho | $480,000 | |
| Previous Owner | Pham Tho P | $150,000 | |
| Previous Owner | Pham Tho | $272,000 | |
| Previous Owner | Pham Tho | $272,000 | |
| Previous Owner | Luu Jonathan | $237,950 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
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 |
|---|---|---|---|---|
| 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
21 Total Sales
-
Wilson Fang
W
Buyer's Agent in 2022
Wilson Fang
Wilson C Fang, BROKER
(626) 575-8858
1 in this area
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS21176660
APN: 8548-011-008
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