NOT LISTED FOR SALE

12304 Lambert Ave El Monte, CA 91732

Norwood Cherrylee Neighborhood

Estimated Value: $967,000 - $1,201,000

5 Beds
3 Baths
2,052 Sq Ft
$517/Sq Ft Est. Value

Last Sold October 13, 2016

Last sale price $640,000 $312 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $6,420/month

67 Days on Market

About This Home

As of October 2016

Investor opportunity! Great duplex situated on a huge 27,180 Sq.Ft lot (100 X 272) in a great area in El Monte with room for horses. Front house was built in Year 1982, is tenant occupied (1,170 Sqft, 3 Bedroom 2 bath). Back house was built in Year 1939, needs TLC. Separate meters. Close to local shops, restaurants and freeways.

Sold as-is. Submit All Offers. Buyer to perform their own due diligence and verify all information to their satisfaction. Buyer to pay and perform all local city requirements. Please do not walk on property. Drive by only. Offer subject to inspection.

Last Agent to Sell the Property

Ivory Zhang

Keller Williams Realty License #01910041 Listed on: 07/08/2016

Keller Williams Realty

Last Buyer's Agent

KEITH YANG

KY Capital Realty License #01231043

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

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

Parking

  • 3 Car Garage

Home Design

  • 2,052 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 6549
  • Assessor Parcel Number 8545015027

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,500
  • Insurance Expense $600
  • Trash Expense $500
  • Water Sewer Expense $300
  • New Taxes Expense $9,000
  • Gross Income $1,000
  • Net Operating Income $1,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 300.00
  • Property Type: Residential Income
  • Parcel Number: 8545015027
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 311.89

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 27180.00
  • Price Per Lot Square Foot: 22.99

Multi Family

  • Electric Expense: 1500.00
  • Gross Income: 1000.00
  • Gross Scheduled Income: 26400.00
  • Insurance Expense: 600.00
  • Net Operating Income: 1000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 1000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 9000.00
  • Tax Lot: 4
  • Tax Tract Number: 6549

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2016
Closed on
Sep 15, 2016
Sold by
Angsori Hadi
Bought by
Villanueva Felicitas
Seller's Agent
Ivory Zhang
Keller Williams Realty
Buyer's Agent
KEITH YANG
KY Capital Realty
List Price
$900,000
Sold Price
$640,000
Premium/Discount to List
-$260,000
-28.89%
Current Estimated Value
$1,060,340

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$420,340
Avg. Annual Appreciation
5.63%

Purchase Details

Listed on
Jul 8, 2016
Closed on
Sep 14, 2016
Sold by
Joy Beverly
Bought by
Villanueva Felicitas and Ang Haydee
Seller's Agent
Ivory Zhang
Keller Williams Realty
Buyer's Agent
KEITH YANG
KY Capital Realty
List Price
$900,000
Sold Price
$640,000
Premium/Discount to List
-$260,000
-28.89%

Purchase Details

Closed on
May 24, 2016
Sold by
Joy Beverly and Joy Ronald
Bought by
Joy Beverly
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
Villanueva Felicitas -- None Available
Villanueva Felicitas $640,000 None Available
Joy Beverly -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2016 10/13/16 Sold $640,000 +2.4% $312 / Sq Ft
09/13/2016 09/13/16 Pending -- -- --
08/13/2016 08/13/16 Price Changed $625,000 -30.6% $305 / Sq Ft
07/08/2016 07/08/16 For Sale $900,000 -- $439 / 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 $10,570 $742,769 $568,684 $174,085
2024 $10,570 $728,206 $557,534 $170,672
2023 $10,404 $713,928 $546,602 $167,326
2022 $10,120 $699,931 $535,885 $164,046
2021 $10,611 $686,208 $525,378 $160,830
2020 $10,441 $679,172 $519,991 $159,181
2019 $10,422 $665,856 $509,796 $156,060
2018 $9,880 $652,800 $499,800 $153,000
2016 $3,201 $206,776 $37,878 $168,898
2015 $3,168 $203,671 $37,310 $166,361
2014 $3,125 $199,683 $36,580 $163,103
Source: Public Records

Agents Affiliated with this Home

  • Ivory Zhang

    Seller's Agent in 2016

    Ivory Zhang

    Keller Williams Realty

    (626) 229-2200

    4 in this area

    44 Total Sales

    Ivory Zhang
    Section Image

  • K

    Buyer's Agent in 2016

    KEITH YANG

    KY Capital Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16148294

California Regional Multiple Listing Service (CRMLS)

APN: 8545-015-027

California Los Angeles County El Monte 91732 Norwood Cherrylee

12304 Lambert Ave, El Monte, CA

Not Listed for Sale

MultiFamily

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