NOT LISTED FOR SALE

121 N 4th St Montebello, CA 90640

Estimated Value: $1,252,000 - $1,562,639

9 Beds
7 Baths
3,774 Sq Ft
$381/Sq Ft Est. Value

Last Sold January 25, 2018

Last sale price $1,005,000 $266 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $8,867/month

14 Days on Market

About This Home

As of January 2018

Just Listed - 4 Newer Constructed Units in North Montebello, situated on a 6,263 square foot lot. Property is comprised with an Excellent Unit mix of Spacious 2 and 3 bedroom units; with (1) 3 bed + 1.75 bath; (2) 2 bed + 1.75 bath; (1) 2 bed + 1 bath units. Newer Constructed building, built in 1977 with upgraded plumbing. All units have Central A/C and are separately metered for gas and electricity. The on-site Laundry Room is temporarily shut down but can be reinstated for additional income. Property is Not Subject to Rent Control; providing the new investor with Realistic Rental Upside of +/- 28%. Building comes with secured entry & secured parking; with access to garages from alley.

Last Agent to Sell the Property

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 11/27/2017

Remax Commercial and Investment Realty

Last Buyer's Agent

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 11/27/2017

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 6,263

Parking

  • 6 Car Garage

Interior Spaces

  • 3,774 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Additional Features

  • 6,263 Sq Ft Lot
  • Central Air

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 6346-024-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3774
  • Stories: 2
  • Year Built: 1977
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 263.65

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Electric Expense: 261.00
  • Water Expense: 1223.00

Fee Information

  • Gas Expense: 824.00
  • Insurance Expense: 1502.00
  • Maintenance Expense: 3143.00
  • Other Expense: 1530.00
  • Trash Expense: 794.00

Lot Info

  • Assessed Improvement Value: 362286
  • Assessed Land Value: 92740
  • Assessor Parcel Number: 6346-024-008
  • Geocode Override: No
  • Lot Size Area: 6263

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.35
  • Number Of Units: 4
  • Type Of Units: Apartment

Tax Info

  • Tax Expense: 13756.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2018
Sold by
Ngo Michael Minh and Tran Julie Bich
Bought by
Jacasa Investment Llc
Current Estimated Value
$1,439,213

Purchase Details

Listed on
Nov 27, 2017
Closed on
Dec 14, 2017
Sold by
Demirdjian Azadouhie S and The George G Karapetian And An
Bought by
Ngo Michael Minh and Tran Julie Bich
Seller's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
Buyer's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
List Price
$995,000
Sold Price
$1,005,000
Premium/Discount to List
$10,000
1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.62%
Original Mortgage
$545,000
Interest Rate
3.93%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Jacasa Investment Llc -- None Available
Ngo Michael Minh $1,005,000 Fidelity National Title Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ngo Michael Minh $545,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2018 01/25/18 Sold $1,005,000 +1.0% $266 / Sq Ft
12/11/2017 12/11/17 Pending -- -- --
11/27/2017 11/27/17 For Sale $995,000 -- $264 / Sq Ft
Source: The MLS

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 $16,087 $1,143,511 $711,140 $432,371
2024 $16,087 $1,121,091 $697,197 $423,894
2023 $16,073 $1,099,110 $683,527 $415,583
2022 $15,539 $1,077,560 $670,125 $407,435
2021 $15,019 $1,056,433 $656,986 $399,447
2020 $14,902 $1,046,302 $650,250 $396,052
2019 $14,443 $1,025,800 $637,500 $388,300
2018 $7,191 $464,825 $94,594 $370,231
2016 $6,850 $446,105 $90,922 $355,183
2015 $6,481 $439,405 $89,557 $349,848
2014 $6,406 $430,798 $87,803 $342,995
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-292190

The MLS

APN: 6346-024-008