NOT LISTED FOR SALE

127 W Cherry Ave Monrovia, CA 91016

Estimated Value: $1,339,000 - $1,537,000

8 Beds
6 Baths
3,404 Sq Ft
$427/Sq Ft Est. Value

Sale Details

Date Sold: September 22, 2022

Last sale price $1,300,000 $382 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $9,472 / mo

63 Days on Market

Highlights

  • Foothills
  • Central Heating and Cooling System
  • Front Yard
  • Monrovia High School Rated A
  • Fenced
  • 1-Story Property

About This Home

As of September 2022

1940's triplex in an amazing location just north of the 210. The multi-unit is within walking distance to all the shops, cafes, and restaurants in Old Town Monrovia and on Huntington. The front unit is a spacious 2 bed, 1.5 bath with living room, kitchen, and 2 private parking spaces in the back. The remaining 2 units are in the building behind with one above the other. Each is a spacious 3 bed, 2 bath unit with living room, kitchen, built-in laundry and 2 car garage parking. The unit above has a vast patio that extends the length above the 4 car garage. Current rents are far below market value so there is HUGE upside potential. DO NOT WALK ON PROPERTY OR TALK TO TENANTS.

Last Agent to Sell the Property

Michael Thein

Kobeissi Properties License #02086468 Listed on: 06/22/2022

Last Buyer's Agent

ADMOND LAC

PACIFIC STERLING REALTY/Irvine License #01992137

PACIFIC STERLING REALTY/Irvine

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 9,026 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Front Yard

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Available

Home Design

  • Triplex

Interior Spaces

  • 3,404 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 431
  • Assessor Parcel Number 8508010054

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Foothills

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $100
  • Water Sewer Expense $115
  • Operating Expense $10,000
  • Gross Income $57,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

9,026 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 115.00
  • Zoning: MORH*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 8508010054
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Multi/Split
  • Price Per Square Foot: 396.59

Exterior Features

  • Fence: Yes
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 9026.00
  • Lot Size Acres: 0.2072

Multi Family

  • Gross Income: 57600.00
  • Gross Scheduled Income: 79200.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 9026.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Expenses: 10000.00

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 431...

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
Nov 20, 2024
Sold by
Bought by
Current Estimated Value
$1,452,681

Purchase Details

Listed on
Jun 22, 2022
Closed on
Sep 15, 2022
Sold by
Bought by
Seller's Agent
Michael Thein
Kobeissi Properties
Buyer's Agent
ADMOND LAC
PACIFIC STERLING REALTY/Irvine
List Price
$1,450,000
Sold Price
$1,300,000
Premium/Discount to List
-$150,000
-10.34%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.01%
Original Mortgage
$845,000
Interest Rate
5.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 22, 2022
Closed on
Sep 14, 2022
Sold by
Bought by
Seller's Agent
Michael Thein
Kobeissi Properties
Buyer's Agent
ADMOND LAC
PACIFIC STERLING REALTY/Irvine
List Price
$1,450,000
Sold Price
$1,300,000
Premium/Discount to List
-$150,000
-10.34%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$845,000
Interest Rate
5.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2003
Sold by
Bought by

Purchase Details

Closed on
Dec 13, 1993
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
$225,000
Interest Rate
7.21%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 3, 1993
Sold by
Bought by
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

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
-- Lawyers Title
$1,300,000 Lawyers Title
-- --
-- Southland Title Company
-- Southland Title Company
$250,000 Gateway Title Company
$370,705 Fidelity National Title
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 $845,000
Previous Owner $225,000
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
09/22/2022 09/22/22 Sold $1,300,000 -3.7% $382 / Sq Ft
08/24/2022 08/24/22 Pending -- -- --
08/04/2022 08/04/22 Price Changed $1,350,000 -6.9% $397 / Sq Ft
06/22/2022 06/22/22 For Sale $1,450,000 -- $426 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $20,058 $1,440,000 $900,000 $540,000
2024 $18,493 $1,326,000 $861,900 $464,100
2023 $18,076 $1,300,000 $845,000 $455,000
2022 $7,574 $482,931 $302,132 $180,799
2021 $7,419 $473,462 $296,208 $177,254
2020 $7,220 $468,608 $293,171 $175,437
2019 $7,104 $459,421 $287,423 $171,998
2018 $6,858 $450,414 $281,788 $168,626
2016 $6,583 $432,926 $270,847 $162,079
2015 $6,448 $426,424 $266,779 $159,645
2014 $6,405 $418,072 $261,554 $156,518
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Michael Thein

    Kobeissi Properties

    (818) 689-1000

    8 Total Sales

    Michael Thein
    Section Image

  • A

    Buyer's Agent in 2022

    ADMOND LAC

    PACIFIC STERLING REALTY/Irvine

    (949) 222-9911

    1 Total Sale

    ADMOND LAC
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-10123

Pasadena-Foothills Association of REALTORS®

APN: 8508-010-054

California Los Angeles County Monrovia 91016

127 W Cherry Ave, Monrovia, CA

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.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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