L
Seller's Agent in 2014
Lillian Lin
HomeSmart, Evergreen Realty
123 Gladys Ave Monterey Park, CA 91755
Estimated Value: $3,216,000
12
Beds
6
Baths
6,312
Sq Ft
$510/Sq Ft
Est. Value
Highlights
- Contemporary Architecture
- Cooling System Mounted To A Wall/Window
- Forced Air Heating and Cooling System
- Monterey Vista Elementary School Rated A-
- Laundry Room
- 6 Car Garage
About This Home
As of January 2014Well-maintained 6-unit apartment building in a prime location. Close to shop, transportation, and restaurants; Long-term tenants: 2 units (30 and 35 years), 4 units (2-14 years); rent can easily be increased to a much higher rate. 3 2-car attached garages and 10 parking spaces. All 6 units maintain individual electric, gas meters. Laundry room on site (includes 2 washers and 2 dryers). Building #121 & #125 are in the same lot as #123.
Last Agent to Sell the Property
Lillian Lin
HomeSmart, Evergreen Realty License #01008243 Listed on: 07/07/2013
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1976
Lot Details
- 9,715 Sq Ft Lot
- Two or More Common Walls
- Block Wall Fence
- Fence is in excellent condition
- Density is 6-10 Units/Acre
Parking
- 6 Car Garage
- Parking Available
- Parking Lot
- Assigned Parking
Home Design
- 6,312 Sq Ft Home
- Contemporary Architecture
- Property Attached
- Tile Roof
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating and Cooling System
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 34
- Tax Tract Number 1874
- Assessor Parcel Number 5258004048
Community Details
Overview
- 3 Buildings
- 6 Units
Amenities
- Laundry Facilities
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $600
- Gardener Expense $600
- Insurance Expense $1,500
- Maintenance Expense $1,000
- Professional Management Expense $6,000
- Trash Expense $2,369
- Water Sewer Expense $2,014
- New Taxes Expense $5,062
- Gross Income $7,275
- Net Operating Income $67,755
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 27, 2019
Sold by
Kan Living Trust
Bought by
Kan Living Trust
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Outstanding Balance
$678,567
Interest Rate
4.2%
Mortgage Type
Commercial
Estimated Equity
$2,552,433
Purchase Details
Closed on
Apr 3, 2014
Sold by
Security F S E One Hundred & Sixty Four
Bought by
Kan Living Trust
Purchase Details
Listed on
Jul 7, 2013
Closed on
Dec 5, 2013
Sold by
Tseng Virginia and The Tseng Family Revocable Tru
Bought by
Security F S E One Hundred & Sixty Four
Seller's Agent
Lillian Lin
HomeSmart, Evergreen Realty
Buyer's Agent
Cheuk Chan
YORK LA INVESTMENT
List Price
$1,800,000
Sold Price
$1,580,000
Premium/Discount to List
-$220,000
-12.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%
Purchase Details
Closed on
Jul 26, 2013
Sold by
Tseng Peter and Tseng Virginia
Bought by
Tseng Peter Cheng and Tseng Virginia
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kan Living Trust | -- | First American Title Ins Co | |
| Kan Living Trust | $1,580,000 | Old Republic Title Company | |
| Security F S E One Hundred & Sixty Four | $1,580,000 | Old Republic Title Company | |
| Tseng Peter Cheng | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kan Living Trust | $775,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/07/2014 01/07/14 | Sold | $1,580,000 | -12.2% | $250 / Sq Ft |
| 11/29/2013 11/29/13 | Pending | -- | -- | -- |
| 07/07/2013 07/07/13 | For Sale | $1,800,000 | -- | $285 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $25,457 | $1,814,268 | $980,685 | $833,583 |
| 2024 | $25,457 | $1,778,695 | $961,456 | $817,239 |
| 2023 | $24,635 | $1,743,819 | $942,604 | $801,215 |
| 2022 | $23,548 | $1,709,627 | $924,122 | $785,505 |
| 2021 | $23,424 | $1,676,105 | $906,002 | $770,103 |
| 2020 | $23,204 | $1,659,720 | $896,713 | $763,007 |
| 2019 | $22,570 | $1,627,193 | $879,131 | $748,062 |
| 2018 | $22,407 | $1,595,304 | $861,894 | $733,410 |
| 2016 | $20,573 | $1,532,590 | $828,427 | $704,163 |
| 2015 | $20,177 | $1,509,570 | $815,984 | $693,586 |
| 2014 | $5,461 | $312,159 | $35,346 | $276,813 |
Source: Public Records
Agents Affiliated with this Home
-
-
Cheuk Chan
C
Buyer's Agent in 2014
Cheuk Chan
YORK LA INVESTMENT
(626) 233-1849
17 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC13131467
APN: 5258-004-048
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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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