NOT LISTED FOR SALE

125 N Nicholson Ave Monterey Park, CA 91755

14 Beds
8 Baths
11,082 Sq Ft
0.4 Acres

Last Sold July 09, 2014

Last sale price $2,835,000 $256 Per Sq Ft

34 Days on Market

Highlights

  • 0.4 Acre Lot
  • Repetto Elementary School Rated A-
  • Paved or Partially Paved Lot

About This Home

As of July 2014

Huge reduce for quick sale!! The buyers have to cooperate with sellers’ 1031 exchange without any cost for buyers. 14 units property in prime location of Monterey Park, excellent combination: 10 units are 2 bedrooms with 1 bath; 4 units are 1 bedroom with 1 bath. Nice neighborhood. The rent income is high up to $183,211 annually. Close to Chinese Market, bus, park & highway. High desirable rental area. Easy to find tenants and lower manager cost. Newer remodeled and well maintenance. Nice inside condition. Gated parking with 20 carport spaces. Laundry room is on site. The rent is lower than market. According market estimate, total rent can up to $199,200. Great potential!

Last Agent to Sell the Property

Ken Fang

1000 Realty Corporation License #01236393 Listed on: 05/08/2014

Last Buyer's Agent

Ken Fang

1000 Realty Corporation License #01236393 Listed on: 05/08/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.4 Acre Lot
  • No Common Walls
  • Paved or Partially Paved Lot

Parking

  • 20 Parking Spaces

Home Design

  • 11,082 Sq Ft Home

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 58
  • Tax Tract Number 4817
  • Assessor Parcel Number 5255017005

Community Details

Overview

  • 14 Units

Building Details

  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $731
  • Gardener Expense $720
  • Insurance Expense $2,582
  • Maintenance Expense $6,889
  • Professional Management Expense $1,800
  • Water Sewer Expense $9,053
  • New Taxes Expense $23,860
  • Gross Income $15,268
  • Net Operating Income $132,669

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Professional Management Expense: 1800.00
  • Property Attached: No
  • Water Sewer Expenses: 9053.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 5255017005
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 255.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 20.00

Utilities

  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 17359.00
  • Lot Size Acres: 0.3990

Multi Family

  • Electric Expense: 731.00
  • Gross Income: 15268.00
  • Gross Scheduled Income: 183211.00
  • Insurance Expense: 2582.00
  • Lot Size Area: 17359.0000 Square Feet
  • Maintenance Expense: 6889.00
  • Net Operating Income: 132669.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 50541.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 23860.00
  • Tax Lot: 58
  • Tax Tract Number: 4817

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2014 07/09/14 Sold $2,835,000 -9.1% $256 / Sq Ft
06/11/2014 06/11/14 Pending -- -- --
05/08/2014 05/08/14 For Sale $3,120,000 -- $282 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ken Fang

    Seller's Agent in 2014

    Ken Fang

    1000 Realty Corporation

    (626) 215-3198

    4 Total Sales

    Ken Fang
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR14095640

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Monterey Park 91755

125 N Nicholson Ave, Monterey Park, CA

This home is located at 125 N Nicholson Ave, Monterey Park, CA 91755 since 08 May 2014. This property was built in 1963. 125 N Nicholson Ave is a home located in Los Angeles County with nearby schools including Repetto Elementary School, Mark Keppel High School, and St. Stephen Martyr School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.

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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