NOT LISTED FOR SALE

1241 W 1st St Monterey Park, CA 91754

Estimated Value: $910,000 - $1,029,910

4 Beds
2 Baths
1,768 Sq Ft
$557/Sq Ft Est. Value

Last Sold July 21, 2022

Last sale price $980,000 $554 Per Sq Ft

Current estimated payment $6,289/month

6 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • No HOA
  • Laundry Room
  • Floor Furnace

About This Home

As of July 2022

Great investment opportunity for this turnkey duplex! Both units have 2 Bedrooms and 1 Bath and have been freshly painted on the interior and exterior. Both units have a wall A/C and the kitchens include a gas stove, refrigerator, as well as plenty of cabinets and storage. The front unit (1237) has updated cabinets and laundry closet in the kitchen. The bathroom has been upgraded with a new laminate floor and vanity. This unit also has ceiling fans in both bedrooms and window blinds throughout the home. Unit (1241) also has blinds throughout the home, carpet, kitchen with new laminate flooring, updated cabinets, dishwasher, refrigerator, and gas stove. One bedroom with mirrored closet doors, bathroom with updated vanity and light fixture. Don't worry about parking as a 1-car garage comes with each unit!! The rear yard includes a Persimmon tree. Restaurants and shopping nearby. Don't miss out on this opportunity!!

Last Agent to Sell the Property

Kimberly Mosley

eXp Realty of California Inc License #01314448 Listed on: 06/10/2022

eXp Realty of California Inc

Co-Listed By

Jefre Tolbert

Keller Williams Pacific Estate License #01898789

Last Buyer's Agent

Mary Ann Walsh

Walsh Realty Services License #01785980

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 5,990 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Wire Fence
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Turnkey
  • Stucco

Interior Spaces

  • 1,768 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Gas Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • Mirrored Closets Doors
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 86
  • Tax Tract Number 14691
  • Assessor Parcel Number 5251028014
  • $537 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $900
  • Trash Expense $245
  • Water Sewer Expense $600
  • Operating Expense $1,745
  • Gross Income $55,200
  • Net Operating Income $4,423

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

5,990 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • View: No
  • Water Sewer Expenses: 600.00
  • Zoning: MPR2*
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5251028014
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Levels: One
  • Price Per Square Foot: 554.30
  • Room Type: All Bedrooms Down
  • Window Features: Blinds

Exterior Features

  • Fence: Yes
  • Fencing: Wire, Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater, Refrigerator
  • Heating Type: Floor Furnace
  • Laundry Features: In Closet, In Garage, In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 245.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 5990.00
  • Lot Size Acres: 0.1375

Rental Info

  • Garage Rental Rate: 100.00

Multi Family

  • Garage Income: 2400.00
  • Gross Income: 55200.00
  • Gross Operating Income: 4600.00
  • Gross Scheduled Income: 4600.00
  • Insurance Expense: 900.00
  • Lot Size Area: 5990.0000 Square Feet
  • Net Operating Income: 4423.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 177.00
  • Rent Control: Yes
  • Total Expenses: 1745.00

Tax Info

  • Tax Census Tract: 5304.00
  • Tax Lot: 86
  • Tax Tract Number: 14691
  • TaxOtherAnnualAssessmentAmount: 537.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2022
Sold by
Takahashi Kirk
Bought by
Con Dinero Baila El Perro Llc
Current Estimated Value
$984,228

Purchase Details

Listed on
Jun 10, 2022
Closed on
Jul 11, 2022
Sold by
Tjandra Linda
Bought by
Takahashi Kirk
Seller's Agent
Kimberly Mosley
eXp Realty of California Inc
Buyer's Agent
Mary Ann Walsh
Walsh Realty Services
List Price
$920,000
Sold Price
$980,000
Premium/Discount to List
$60,000
6.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.12%
Original Mortgage
$735,000
Interest Rate
5.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 10, 2022
Closed on
Jun 22, 2022
Sold by
Kurokawa Family Trust
Bought by
Takahashi Kirk
Seller's Agent
Kimberly Mosley
eXp Realty of California Inc
Buyer's Agent
Mary Ann Walsh
Walsh Realty Services
List Price
$920,000
Sold Price
$980,000
Premium/Discount to List
$60,000
6.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
5.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2010
Sold by
Kurokawa Calvin J and Kurokawa Lucy M
Bought by
Kurokawa Calvin J and Kurokawa Lucy M

Purchase Details

Closed on
Jun 28, 2010
Sold by
Kamachi Kazuo Paul and Kamachi Yoshiko M
Bought by
Kurokawa Calvin J and Kurokawa Lucy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2006
Sold by
Kamachi Kazuo Paul and Kamachi Yoshiko M
Bought by
Kamachi Kazuo Paul and Kamachi Yoshiko M
Source: Public Records

Range of Values:

--
Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Con Dinero Baila El Perro Llc -- None Listed On Document
Takahashi Kirk -- New Title Company Name
Takahashi Kirk $980,000 New Title Company Name
Kurokawa Calvin J -- None Available
Kurokawa Calvin J $515,000 Fidelity Van Nuys
Kamachi Kazuo Paul -- None Available
Kamachi Kazuo Paul -- None Available
Kamachi Kazuo Paul -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Takahashi Kirk $735,000
Previous Owner Kurokawa Calvin J $265,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2022 07/21/22 Sold $980,000 +6.5% $554 / Sq Ft
06/16/2022 06/16/22 Pending -- -- --
06/10/2022 06/10/22 For Sale $920,000 -- $520 / 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 $13,343 $1,019,592 $811,512 $208,080
2024 $13,343 $999,600 $795,600 $204,000
2023 $13,100 $980,000 $780,000 $200,000
2022 $8,182 $621,740 $458,762 $162,978
2021 $8,079 $609,550 $449,767 $159,783
2019 $7,820 $591,473 $436,428 $155,045
2018 $7,688 $579,876 $427,871 $152,005
2016 $7,316 $557,360 $411,257 $146,103
2015 $7,196 $548,989 $405,080 $143,909
2014 $7,184 $538,237 $397,146 $141,091
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22123735

California Regional Multiple Listing Service (CRMLS)

APN: 5251-028-014

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