NOT LISTED FOR SALE

Estimated Value: $1,839,000 - $2,039,000

11 Beds
5 Baths
4,982 Sq Ft
$396/Sq Ft Est. Value

Last Sold April 30, 2024

Last sale price $1,900,000 $381 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $12,298/month

62 Days on Market

Highlights

  • 0.7 Acre Lot
  • Laundry Room
  • 4 Car Garage
  • No HOA

About This Home

As of April 2024

Newly listed four unit at 11912 McGirk Ave in El Monte, CA, for the first time on the market in 50 years! Located in a high-demand rental location between Lower Azusa Rd and Romona Blvd just east of Peck Road. The property is in the eastern part of Los Angeles County, approximately 12 miles east of downtown Los Angeles. Baldwin Park, Temple City, Rosemead, South El Monte, and the San Gabriel Mountains border it. Situated a short distance to 1-10 Freeway and 605 Freeway. The property is near many shopping options, including retail stores, shopping centers, and local markets.

The property has (4) four individual homes on a 30,413-square-foot Foot Lot. The main house is a (5) Five Bedroom and (2) Two Bedroom with a private backyard (will be delivered vacant); the other (3) three additional homes on the lot are all (2) Bedrooms and (1) Bath Units (one of these will be delivered vacant as well). Each unit has its own private backyard lined with fruit trees, including avocados and citrus.

This property is ideally suited for an investor, owner-occupied opportunity, and/or redevelopment. The property is individually metered for gas and electricity, and the owner is responsible for the water. There is plenty of on-site parking. Each of the units has a garage.

Last Agent to Sell the Property

James Antonucci

Keller Williams Realty-Studio City Brokerage Phone: 818-381-6601 License #01822661 Listed on: 02/21/2024

Keller Williams Realty-Studio City

Co-Listed By

Mike Pesci

Keller Williams Studio City Brokerage Phone: 818-381-6601 License #01274379

Last Buyer's Agent

Johnny Wong

PINNACLE REAL ESTATE GROUP License #01244457

PINNACLE REAL ESTATE GROUP

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.7 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,982 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Bathrooms

Additional Features

  • Suburban Location
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 12 / C
  • Tax Tract Number 1
  • Assessor Parcel Number 8548006042
  • $1,555 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,560
  • Fuel Expense $1,560
  • Insurance Expense $4,982
  • Water Sewer Expense $1,560
  • New Taxes Expense $24,375
  • Operating Expense $42,161
  • Gross Income $112,800
  • Net Operating Income $67,255

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.45
  • Property Attached: No
  • Water Sewer Expenses: 1560.00
  • Zoning: EMR1BY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 8548006042
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 381.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer, Septic Type Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 30422.00
  • Lot Size Acres: 0.6984

Multi Family

  • Electric Expense: 1560.00
  • Fuel Expense: 1560.00
  • Gross Income: 112800.00
  • Gross Multiplier: 17.29
  • Gross Operating Income: 109416.00
  • Gross Scheduled Income: 112800.00
  • Insurance Expense: 4982.00
  • Lot Size Area: 30422.0000 Square Feet
  • Net Operating Income: 67255.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 42161.00
  • Operating Expense Percent: 37.40
  • Rent Control: Yes
  • Total Expenses: 42161.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 24375.00
  • Tax Block: C
  • Tax Census Tract: 4326.01
  • Tax Lot: 12
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 1555.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2024
Closed on
Apr 23, 2024
Sold by
Power Family Living Trust and Legaspi Pamela J
Bought by
Ngo Long Tuan and Ngo Kelly
Seller's Agent
James Antonucci
Keller Williams Realty-Studio City
Buyer's Agent
Johnny Wong
PINNACLE REAL ESTATE GROUP
List Price
$1,950,000
Sold Price
$1,900,000
Premium/Discount to List
-$50,000
-2.56%
Views
42
Current Estimated Value
$1,971,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,689
Avg. Annual Appreciation
2.24%

Purchase Details

Closed on
Nov 1, 2001
Sold by
Power Raymond J and Power Phyllis J
Bought by
Power Raymond J and Power Phyllis J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ngo Long Tuan $1,900,000 Lawyers Title Company
Power Raymond J -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2024 04/30/24 Sold $1,900,000 -2.6% $381 / Sq Ft
04/23/2024 04/23/24 Pending -- -- --
02/21/2024 02/21/24 For Sale $1,950,000 -- $391 / 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 $23,978 $1,938,000 $1,356,600 $581,400
2024 $23,978 $1,718,740 $1,202,702 $516,038
2023 $3,363 $145,810 $45,684 $100,126
2022 $3,273 $142,952 $44,789 $98,163
2021 $3,253 $140,150 $43,911 $96,239
2020 $3,241 $138,714 $43,461 $95,253
2019 $3,277 $135,995 $42,609 $93,386
2018 $3,036 $133,329 $41,774 $91,555
2016 $2,873 $128,152 $40,152 $88,000
2015 $2,840 $126,228 $39,549 $86,679
2014 $2,795 $123,757 $38,775 $84,982
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24036082

California Regional Multiple Listing Service (CRMLS)

APN: 8548-006-042