NOT LISTED FOR SALE

12025 Elliott Ave El Monte, CA 91732

Mountain View Neighborhood

Estimated Value: $1,490,000 - $1,622,134

2 Beds
1 Bath
3,915 Sq Ft
$397/Sq Ft Est. Value

Last Sold May 03, 2016

Last sale price $992,000 $253 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $9,897/month

10 Days on Market

About This Home

As of May 2016

First time on the market in over 40 years! We are pleased to exclusively offer for sale this 6 unit investment property in the city of El Monte. The subject property is comprised of 6 single story 2-Bedroom/1-Bathroom units situated on a large 12,898 square foot lot. Each unit offers tiled entry, kitchen and bathrooms, as well as washer hookups in the kitchen areas. Tenants pay for their own electricity and gas usage while the current owner pays for water and trash. All tenants are long term and the current owner has kept the rental rates at conservative rates. With market rents in place a new investor can earn a 7% Cash-On-Cash return on their investment.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 03/25/2016

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 03/25/2016

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,015

Year Built

  • Built in 1962

Lot Details

  • 0.3 Acre Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 3,915 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 14 Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 020
  • Tax Tract Number 24
  • Assessor Parcel Number 8106020024

Community Details

Overview

  • 3 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Other Expense $900
  • Trash Expense $2,280
  • Water Sewer Expense $1,800
  • New Taxes Expense $11,334
  • Gross Income $5,758
  • Net Operating Income $44,518

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,015

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 8106020024
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 253.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 2280.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 12895.00
  • Price Per Lot Square Foot: 76.93

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5758.00
  • Gross Scheduled Income: 69096.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 44518.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 22505.00
  • Other Expense: 900.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Vacancy Allowance: 2073

Tax Info

  • New Taxes Expense: 11334.00
  • Tax Lot: 020
  • Tax Tract Number: 024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2016
Closed on
Apr 4, 2016
Sold by
Castro Consuelo M and The Consuelo M Castro Trust
Bought by
Lee Chih Wei and The Chih Wei Lee Retirement Tr
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$995,000
Sold Price
$992,000
Premium/Discount to List
-$3,000
-0.3%
Current Estimated Value
$1,556,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$564,067
Avg. Annual Appreciation
4.96%

Purchase Details

Closed on
May 23, 2012
Sold by
Castro Consuelo M
Bought by
Castro Consuelo M and The Consuelo M Castro Trust
Source: Public Records

Range of Values:

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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
Lee Chih Wei $992,000 Fidelity Title Company
Castro Consuelo M -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2016 05/03/16 Sold $992,000 -0.3% $253 / Sq Ft
04/04/2016 04/04/16 Pending -- -- --
03/25/2016 03/25/16 For Sale $995,000 -- $254 / 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 $17,015 $1,174,320 $763,547 $410,773
2024 $17,015 $1,151,295 $748,576 $402,719
2023 $16,750 $1,128,722 $733,899 $394,823
2022 $16,130 $1,106,591 $719,509 $387,082
2021 $16,519 $1,084,894 $705,401 $379,493
2019 $16,026 $1,052,717 $684,479 $368,238
2018 $15,361 $1,032,076 $671,058 $361,018
2016 $5,242 $288,751 $75,241 $213,510
2015 $5,186 $284,414 $74,111 $210,303
2014 $5,127 $278,844 $72,660 $206,184
Source: Public Records

Agents Affiliated with this Home

  • Kristopher German

    Seller's Agent in 2016

    Kristopher German

    RE/MAX

    (909) 645-0443

    2 in this area

    118 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16061998

California Regional Multiple Listing Service (CRMLS)

APN: 8106-020-024

California Los Angeles County El Monte 91732 Mountain View

12025 Elliott Ave, El Monte, CA

This home is located at 12025 Elliott Ave, El Monte, CA 91732 since 25 March 2016 and is currently estimated at $1,556,067, approximately $397 per square foot. This property was built in 1962. 12025 Elliott Ave is a home located in Los Angeles County with nearby schools including Parkview Elementary, Mountain View High, 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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