NOT LISTED FOR SALE

121 N 19th St Montebello, CA 90640

Estimated Value: $856,000 - $1,589,000

1 Bed
2 Baths
3,864 Sq Ft
$302/Sq Ft Est. Value

Last Sold February 07, 2017

Last sale price $1,365,000 $353 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $7,111/month

11 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Garden
  • Carpet
  • Laundry Room
  • Wood Fence
  • Wall Furnace

About This Home

As of February 2017

~WOW~WOW~WOW~ This is a fantastic investment opportunity! This charming apartment complex is easy to access from Whittier Blvd., but sits on a calm, residential street. It's also close to lots of shopping, dining, and small businesses on Whittier Blvd., so you'll keep occupancy up because of the location! As you walk through the arch entrance, you'll see 3 stand-alone, 1 bedroom bungalows on either side (6 total), and the back building has two 1 bedroom units and a studio. There is a laundry room for 3 back units. Bungalows each have hookups for a stacked washer/dryer unit. The complex is currently 100% occupied. Owner pays water & trash, tenant pays other utilities. Don't miss out on this opportunity for smart investment!

Last Agent to Sell the Property

Vance Nordine

Nordine Realty, Inc License #00786474 Listed on: 11/12/2016

Last Buyer's Agent

Vazgen Mazanians

Pacific Realty Center License #01162745

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,965

Year Built

  • Built in 1930

Lot Details

  • 6,610 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Garden

Parking

  • 6 Car Garage

Home Design

  • 3,864 Sq Ft Home
  • Property Attached
  • Stucco

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid

Additional Features

  • Formica Countertops
  • Urban Location

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 10622
  • Assessor Parcel Number 6344021005

Community Details

Overview

  • 7 Buildings
  • 9 Units

Amenities

  • Laundry Facilities

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • Electric Expense $1,385
  • Gardener Expense $1,620
  • Insurance Expense $2,897
  • Professional Management Expense $4,603
  • Trash Expense $2,396
  • Water Sewer Expense $1,385
  • New Taxes Expense $3,057
  • Operating Expense $35,052
  • Gross Income $105,479
  • Net Operating Income $69,876

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,965

Year Built

Built in 1930

Lot Details

0

Parking

6

Listing Details

  • Professional Management Expense: 4603.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • View: No
  • Water Sewer Expenses: 1385.00
  • Zoning: MNR1YY
  • Property Type: Residential Income
  • Gardener Expense: 1620.00
  • Parcel Number: 6344021005
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters, Unfurnished
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Carpet, Vinyl
  • Levels: Two
  • Price Per Square Foot: 353.26
  • Room Type: Kitchen

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Gas Dryer Hookup, Washer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 2396.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden
  • Lot Size Sq Ft: 6610.00

Rental Info

  • Garage Rental Rate: 100.00

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average Studio Area: 432 Square Feet
  • Electric Expense: 1385.00
  • Garage Income: 1918.00
  • Gross Income: 105479.00
  • Gross Scheduled Income: 104928.00
  • Insurance Expense: 2897.00
  • Laundry Income: 551.00
  • Net Operating Income: 69876.00
  • Number Of Rented Garages: 6
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Units Total: 9
  • Operating Expense: 35052.00
  • Rent Control: No
  • Total Expenses: 35052.00

Tax Info

  • New Taxes Expense: 3057.00
  • Tax Census Tract: 5301.02
  • Tax Lot: 10
  • Tax Tract Number: 10622

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2016
Closed on
Jan 18, 2017
Sold by
The Kellogg Family Trust
Bought by
121 N 19Th Street Llc
Seller's Agent
Vance Nordine
Nordine Realty, Inc
Buyer's Agent
Vazgen Mazanians
Pacific Realty Center
List Price
$1,300,000
Sold Price
$1,365,000
Premium/Discount to List
$65,000
5%
Current Estimated Value
$1,168,815

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$196,185
Avg. Annual Appreciation
-2.13%
Original Mortgage
$775,000
Interest Rate
4.32%

Purchase Details

Closed on
Dec 22, 1993
Sold by
Kellogg Ronald J and Kellogg Richard E
Bought by
Kellogg Richard E
Source: Public Records

Range of Values:

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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
121 N 19Th Street Llc $1,365,000 Fidelity National Title
Kellogg Richard E $288,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 121 N 19Th Street Llc $775,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2017 02/07/17 Sold $1,365,000 +5.0% $353 / Sq Ft
11/23/2016 11/23/16 Pending -- -- --
11/12/2016 11/12/16 For Sale $1,300,000 -- $336 / 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 $10,965 $792,093 $316,837 $475,256
2024 $10,965 $776,563 $310,625 $465,938
2023 $10,962 $761,337 $304,535 $456,802
2022 $10,600 $746,410 $298,564 $447,846
2021 $10,257 $731,775 $292,710 $439,065
2019 $9,878 $710,072 $284,029 $426,043
2018 $10,051 $696,150 $278,460 $417,690
2016 $714 $26,899 $26,899 $0
2015 $692 $26,495 $26,495 $0
2014 $689 $25,976 $25,976 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16745881

California Regional Multiple Listing Service (CRMLS)

APN: 6344-021-005