NOT LISTED FOR SALE

12160 Cherrylee Dr El Monte, CA 91732

Norwood Cherrylee Neighborhood

Estimated Value: $1,031,000 - $1,395,632

4 Beds
3 Baths
2,592 Sq Ft
$458/Sq Ft Est. Value

Last Sold March 14, 2018

Last sale price $749,500 $289 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $7,209/month

23 Days on Market

About This Home

As of March 2018

We are pleased to exclusively offer for sale this 2 unit multi-family investment in the city of El Monte. The subject property is comprised of one detached single family residence, one detached cottage style unit which is connected to the two-car garage, as well as a barn with animal arena to the rear of the property. The lot is nearly an acre with a total lot size of 35,299 SqFt. The front main house offers three bedrooms, two bathrooms, and an extra den area. The rear unit consists of one bedroom and one bathroom. Both units are tenant occupied and the rental rates listed are current and actual.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 01/08/2018

RE/MAX 2000 REALTY

Last Buyer's Agent

Michael Drylie

Redfin Corporation License #00640948

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

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

Parking

  • 4 Open Parking Spaces
  • 1 Car Garage

Home Design

  • 2,592 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Rain Gutters
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 053
  • Tax Tract Number 53
  • Assessor Parcel Number 8547007053

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $304
  • Insurance Expense $1,037
  • Maintenance Expense $2,400
  • Other Expense $400
  • Trash Expense $702
  • Water Sewer Expense $880
  • New Taxes Expense $10,245
  • Operating Expense $15,967
  • Gross Income $35,340
  • Net Operating Income $18,312

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 880.00
  • Zoning: EMR1C*
  • Property Type: Residential Income
  • Parcel Number: 8547007053
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 289.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 702.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 35299.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 304.00
  • Gross Income: 35340.00
  • Gross Operating Income: 34280.00
  • Gross Scheduled Income: 35340.00
  • Insurance Expense: 1037.00
  • Maintenance Expense: 2400.00
  • Net Operating Income: 18312.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 15967.00
  • Other Expense: 400.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Expenses: 15967.00

Tax Info

  • New Taxes Expense: 10245.00
  • Tax Census Tract: 4325.00
  • Tax Lot: 053
  • Tax Tract Number: 053

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2018
Closed on
Feb 1, 2018
Sold by
C C Bar Llc
Bought by
Benzoni Albert and Heuges Mary
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Michael Drylie
Redfin Corporation
List Price
$725,000
Sold Price
$749,500
Premium/Discount to List
$24,500
3.38%
Current Estimated Value
$1,187,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$437,658
Avg. Annual Appreciation
6.07%
Original Mortgage
$453,100
Outstanding Balance
$385,265
Interest Rate
4.15%
Mortgage Type
New Conventional
Estimated Equity
$801,893

Purchase Details

Closed on
Dec 29, 1996
Sold by
Cleveland Trust Cleveland William And June Tr
Bought by
C C Bar Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Benzoni Albert $749,500 Fidelity National Title Comp
C C Bar Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benzoni Albert $453,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2018 03/14/18 Sold $749,500 0.0% $289 / Sq Ft
01/31/2018 01/31/18 Pending -- -- --
01/26/2018 01/26/18 Off Market $749,500 -- --
01/08/2018 01/08/18 For Sale $725,000 -- $280 / 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 $12,017 $861,845 $768,032 $93,813
2024 $12,017 $844,947 $752,973 $91,974
2023 $11,784 $828,380 $738,209 $90,171
2022 $11,352 $812,138 $723,735 $88,403
2021 $11,505 $796,215 $709,545 $86,670
2020 $11,463 $788,052 $702,270 $85,782
2019 $13,347 $880,770 $764,490 $116,280
2018 $10,116 $669,326 $567,229 $102,097
2016 $9,704 $643,337 $545,203 $98,134
2015 $9,596 $633,674 $537,014 $96,660
2014 $9,231 $621,262 $526,495 $94,767
Source: Public Records

Agents Affiliated with this Home

  • Kristopher German

    Seller's Agent in 2018

    Kristopher German

    RE/MAX

    (909) 645-0443

    3 in this area

    126 Total Sales

    Kristopher German
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18005292

California Regional Multiple Listing Service (CRMLS)

APN: 8547-007-053

California Los Angeles County El Monte 91732 Norwood Cherrylee

12160 Cherrylee Dr, El Monte, CA

Not Listed for Sale

MultiFamily

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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.

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