NOT LISTED FOR SALE

121 S 2nd St Montebello, CA 90640

Estimated Value: $1,004,000 - $1,276,000

7 Beds
3 Baths
3,198 Sq Ft
$358/Sq Ft Est. Value

Last Sold October 03, 2016

Last sale price $718,000 $225 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $6,988/month

51 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Paved or Partially Paved Lot
  • Laundry Room

About This Home

As of October 2016

2 Houses on a Lot. Excellent income property OR live in one and rent the other. Ideal for big family to have extended relatives live on the same lot but under separate roofs.
***Front House has 2 bedrooms, 1 full bath and a permitted enclosed patio, currently used as a den (or 3rd room). Oak kitchen cabinet & granite counter top. Newly painted. Brand new windows, skylite, and laminated wood floor. Detached 2-car garage with new automatic garage door. This Front Unit is about 1,000 sq. ft., has its own fenced front yard.
***Rear House, built in 1990, is a 2-story 4 bedrooms 2.5 baths house with attached 2-car garage. Open kitchen & dining area, large living room, half bath and laundry room, all on the 1st floor. All bedrooms upstairs are very generous in size. Master bedroom has Jacuzzi bath-tub & walk-in closet. Carpet flooring throughout except tile in kitchen, dining & baths. This Rear Unit is about 2,200 sq. ft. and has its own gated courtyard.
Please DO NOT disturb occupants. Montebello is not subject to rent control. Offer subject to inspection.

Last Agent to Sell the Property

Emily Hon

Homes Realty License #01023415 Listed on: 06/18/2016

Last Buyer's Agent

Emily Chen

Universal Elite Realty License #02003537

Universal Elite Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 6,318 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Paved or Partially Paved Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Garage Door Opener
  • Driveway

Home Design

  • 3,198 Sq Ft Home

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 133
  • Tax Tract Number 5321
  • Assessor Parcel Number 6349002007

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $3,895

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Property Type: Residential Income
  • Parcel Number: 6349002007
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Price Per Square Foot: 224.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Garage Door Opener
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 6318.00
  • Price Per Lot Square Foot: 124.72

Multi Family

  • Gross Income: 3895.00
  • Gross Scheduled Income: 46740.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 46740.00

Tax Info

  • Tax Lot: 133
  • Tax Tract Number: 5321

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2016
Closed on
Aug 9, 2016
Sold by
Ng Winnie Pui Ching and Winnie Pui Ching Ng Trust
Bought by
Wu Guo Liang
Seller's Agent
Emily Hon
Homes Realty
Buyer's Agent
Emily Chen
Universal Elite Realty
List Price
$788,000
Sold Price
$718,000
Premium/Discount to List
-$70,000
-8.88%
Current Estimated Value
$1,145,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$427,938
Avg. Annual Appreciation
5.14%
Original Mortgage
$530,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2014
Sold by
Ng Winnie Pui Ching
Bought by
Ng Winnie Pui Ching and Winnie Pui Ching Ng Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2014
Sold by
Ng Winnie Pui Ching and Winnie Pui Ching Ng Trust
Bought by
Ng Winnie Pui Ching

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2014
Sold by
Ng John Y
Bought by
Ng Winnie Pui Ching

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 2009
Sold by
Ng Winnie Pui Ching
Bought by
Ng Winnie Pui Ching and Winnie Pui Ching Ng Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 11, 2008
Sold by
Ma Oi Ling
Bought by
Ng Winnie Pui Ching

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 3, 2006
Sold by
Hon Vincent K
Bought by
Ma Oi Ling

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.56%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 20, 2005
Sold by
Hon Vincent K
Bought by
Hon Vincent K and Ma Oi Ling

Purchase Details

Closed on
Apr 29, 2004
Sold by
Cruz Jessie Ann
Bought by
Hon Vincent K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2001
Sold by
Cruz Jessie Ann and Cruz Raymond
Bought by
Cruz Jessie Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
7%

Purchase Details

Closed on
Jul 21, 1997
Sold by
Cruz Jessie A and Cruz Raymond
Bought by
Cruz Jessie Ann and Cruz Raymond

Purchase Details

Closed on
May 18, 1994
Sold by
Amavizca Daniel G and Amavizca Rachel T
Bought by
Cruz Ray and Cruz Jessie Ann
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
Wu Guo Liang $718,000 Old Republic Title Company
Ng Winnie Pui Ching -- None Available
Ng Winnie Pui Ching -- Pacific Coast Title Company
Ng Winnie Pui Ching -- Pacific Coast Title Company
Ng Winnie Pui Ching -- None Available
Ng Winnie Pui Ching -- Old Republic Title Company
Ng Winnie Pui Ching -- Old Republic Title Company
Ma Oi Ling -- Fidelity National Title Co
Hon Vincent K -- --
Hon Vincent K $488,000 North American Title Co
Cruz Jessie Ann -- New Century Title Company
Cruz Jessie Ann -- --
Cruz Ray -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wu Guo Liang $530,000
Previous Owner Ng Winnie Pui Ching $405,000
Previous Owner Ng Winnie Pui Ching $464,000
Previous Owner Ma Oi Ling $420,000
Previous Owner Hon Vincent K $418,000
Previous Owner Cruz Jessie Ann $182,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2016 10/03/16 Sold $718,000 -8.9% $225 / Sq Ft
06/18/2016 06/18/16 For Sale $788,000 -- $246 / 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 $12,447 $833,295 $500,210 $333,085
2024 $12,447 $816,956 $490,402 $326,554
2023 $12,409 $800,938 $480,787 $320,151
2022 $11,992 $785,234 $471,360 $313,874
2021 $11,559 $769,838 $462,118 $307,720
2020 $11,378 $761,945 $457,380 $304,565
2019 $11,046 $747,006 $448,412 $298,594
2018 $11,196 $732,360 $439,620 $292,740
2016 $9,713 $630,933 $326,345 $304,588
2015 $8,587 $575,000 $297,500 $277,500
2014 $7,960 $525,000 $271,600 $253,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16132307

California Regional Multiple Listing Service (CRMLS)

APN: 6349-002-007