NOT LISTED FOR SALE

123 W Cypress Ave Monrovia, CA 91016

Monrovia Area
10 Beds
6 Baths
5,280 Sq Ft
9,338 Sq Ft Lot

Sale Details

Date Sold: September 6, 2017

Last sale price $1,550,000 $294 Per Sq Ft

116 Days on Market

Highlights

  • No HOA
  • Central Heating
  • Level Lot
  • Monrovia High School Rated A

About This Home

As of September 2017

LOCATION! LOCATION! LOCATION! VERY WELL MAINTAINED 6 UNIT APARTMENT WITH 1 ATTACHED GARAGE AND 5 CARPORTS, CENTRALLY LOCATED IN THE SAN GABRIEL VALLEY MINUTES NORTH OF THE 210 FREEWAY AND METRO GOLD LINE STATION IN MONROVIA, CLOSE TO OLD TOWN MONROVIA AND ARCADIA, WALKING DISTANCE TO HUNTINGTON DRIVE, BUS STOPS, RESTAURANTS, FRIDAY NIGHT FARMERS MARKET, SUPERMARKETS AND ALL KINDS OF SHOPS. 4 UNITS WITH 2BEDS/1BATH AND 2 UNITS WITH 1BED/1BATH. ALL UNITS ARE VERY CLEAN, GOOD CONDITION AND SPACIOUS. EACH UNIT HAS A PRIVATE YARD OR BALCONY FOR THE WEEKEND BARBECUE. SOME UNITS ARE NEWLY REMODELED. ON SITE LAUNDRY WHICH GENERATES EXTRA INCOME FOR THE LANDLORD. LONG TERM TENANTS WITH MONTH TO MONTH LEASES. RENTS ARE BELOW MARKET. HUGE UPSIDE POTENTIAL. NO RENT CONTROL. PROPERTY TO BE SOLD "AS IS". DRIVE BY ONLY.

Last Agent to Sell the Property

ANNIE WONG

A & K Construction And Realty Inc License #01413581 Listed on: 02/16/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 9,338 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 1 Car Garage
  • 5 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • 5,280 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Additional Features

  • Laundry in unit
  • Urban Location
  • Central Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 30
  • Tax Tract Number 4311
  • Assessor Parcel Number 8508010028

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $900
  • Gardener Expense $840
  • Insurance Expense $2,040
  • Trash Expense $2,304
  • Water Sewer Expense $2,520
  • New Taxes Expense $21,125
  • Operating Expense $29,729
  • Gross Income $98,760
  • Net Operating Income $87,756

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

9,338 Sq Ft Lot

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 2520.00
  • Zoning: MOCG*
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 8508010028
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 293.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 2304.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 9338.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 900.00
  • Gross Income: 98760.00
  • Gross Scheduled Income: 96360.00
  • Insurance Expense: 2040.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2400.00
  • Net Operating Income: 87756.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 8604.00
  • Rent Control: No
  • Total Actual Rent: 8030.00
  • Total Expenses: 29729.00

Tax Info

  • New Taxes Expense: 21125.00
  • Tax Census Tract: 4311.00
  • Tax Lot: 30
  • Tax Tract Number: 4311

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2025
Sold by
Bought by

Purchase Details

Closed on
Jun 16, 2017
Sold by
Bought by

Purchase Details

Closed on
Nov 10, 2006
Sold by
Bought by

Purchase Details

Closed on
Dec 14, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
0.0399%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
0.0669%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 5, 1998
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$1,550,000 None Available
-- None Available
$910,000 Ticor
-- American Title Ins Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner --
Previous Owner $715,000
Previous Owner $600,000
Previous Owner $450,000
Previous Owner $275,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/06/2017 09/06/17 Sold $1,550,000 -8.3% $294 / Sq Ft
06/12/2017 06/12/17 Pending -- -- --
02/16/2017 02/16/17 For Sale $1,690,000 -- $320 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $25,237 $1,763,630 $705,452 $1,058,178
2024 $24,651 $1,729,050 $691,620 $1,037,430
2023 $24,157 $1,695,148 $678,059 $1,017,089
2022 $23,430 $1,661,911 $664,764 $997,147
2021 $22,972 $1,629,326 $651,730 $977,596
2019 $21,914 $1,581,000 $632,400 $948,600
2018 $21,388 $1,550,000 $620,000 $930,000
2016 $15,328 $1,071,514 $600,520 $470,994
2015 $15,008 $1,055,420 $591,500 $463,920
2014 $14,879 $1,034,747 $579,914 $454,833
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS17032754

California Regional Multiple Listing Service (CRMLS)
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