NOT LISTED FOR SALE

1305 Masser Place Unit 2 Montebello, CA 90640

Estimated Value: $1,144,000 - $1,673,000

8 Beds
8 Baths
5,392 Sq Ft
$258/Sq Ft Est. Value

Last Sold November 18, 2016

Last sale price $900,000 $167 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $8,778/month

37 Days on Market

About This Home

As of November 2016

Stunning money making opportunity!
Property is comprised with with 4 units with a total of 8 bedrooms and 8 bathrooms, all 4 units are spacious it gives tenant the feeling that is a house. Tenants are grateful for having a laundry room and a balcony on each unit plus the benefit of it's location.
Proximity benefits: shopping centers, restaurant the shops at Montebello and city hall at walking distance. Property sit on the corner of famous Taylor and Masser Pl just 15 minutes from down town LA and other important cities nearby, easy access to all freeways! Property contain to many features to mention you have to drive-by too see it for yourself !

Last Agent to Sell the Property

ALEXANDER AYALA

REALTY MASTERS & ASSOCIATES License #01789845 Listed on: 08/01/2016

REALTY MASTERS & ASSOCIATES

Last Buyer's Agent

Gino Ochoa

CENTURY 21 REALTY MASTERS License #01227340

CENTURY 21 REALTY MASTERS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,500

Year Built

  • Built in 1965

Lot Details

  • 8,459 Sq Ft Lot
  • No Common Walls

Parking

  • 6 Car Garage

Home Design

  • 5,392 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 27630
  • Assessor Parcel Number 5294015043

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Gardener Expense $840
  • Insurance Expense $1,400
  • Water Sewer Expense $1,800
  • Gross Income $6,030
  • Net Operating Income $4,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,500

Year Built

Built in 1965

Lot Details

0

Parking

6

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Unpaved
  • Water Sewer Expenses: 1800.00
  • Zoning: MNR3YY
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 5294015043
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 166.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 8459.00
  • Price Per Lot Square Foot: 141.86

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 6030.00
  • Gross Scheduled Income: 72360.00
  • Insurance Expense: 1400.00
  • Net Operating Income: 4840.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 4840.00
  • Rent Control: No

Tax Info

  • Tax Lot: 11
  • Tax Tract Number: 27630

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2016
Sold by
Ayala Alexander and Ayala Melvin A
Bought by
Chavez Edward
Current Estimated Value
$1,390,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2006
Sold by
Sommo Marquesita M
Bought by
Ayala Melvin A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$855,000
Interest Rate
6.21%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 10, 2003
Sold by
Sommo Michael F
Bought by
Sommo Marquesita M

Purchase Details

Closed on
Oct 8, 2003
Sold by
Akopov Artem
Bought by
Sommo Marquesita M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2003
Sold by
Akopov Michael
Bought by
Akopov Artem

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
5.78%

Purchase Details

Closed on
Aug 6, 2002
Sold by
Akopov Michael
Bought by
Akopov Michael and Akopov Artem

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.7%

Purchase Details

Closed on
Jul 18, 2002
Sold by
Noguez John R and Noguez Maria Anaya
Bought by
Akopov Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.7%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Chavez Edward $900,000 Title 365
Ayala Melvin A $900,000 United Title Company-La
Sommo Marquesita M -- Commerce Title
Sommo Marquesita M $680,000 Commerce Title
Akopov Artem -- Gateway Title
Akopov Michael -- --
Akopov Michael $500,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chavez Edward $600,000
Previous Owner Ayala Melvin A $855,000
Previous Owner Sommo Marquesita M $500,000
Previous Owner Akopov Artem $404,000
Previous Owner Akopov Michael $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2016 11/18/16 Sold $900,000 -25.0% $167 / Sq Ft
09/07/2016 09/07/16 Pending -- -- --
09/07/2016 09/07/16 Price Changed $1,200,000 +9.1% $223 / Sq Ft
08/27/2016 08/27/16 Price Changed $1,100,000 -7.9% $204 / Sq Ft
08/23/2016 08/23/16 Price Changed $1,195,000 -0.4% $222 / Sq Ft
08/02/2016 08/02/16 Price Changed $1,200,000 +9.1% $223 / Sq Ft
08/01/2016 08/01/16 For Sale $1,100,000 0.0% $204 / Sq Ft
04/01/2013 04/01/13 Rented $1,450 +4.3% --
04/01/2013 04/01/13 Under Contract -- -- --
01/19/2013 01/19/13 For Rent $1,390 -- --
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 $16,500 $1,044,521 $574,487 $470,034
2024 $16,500 $1,024,041 $563,223 $460,818
2023 $16,427 $1,003,963 $552,180 $451,783
2022 $15,880 $984,278 $541,353 $442,925
2021 $15,284 $964,980 $530,739 $434,241
2019 $14,565 $936,360 $514,998 $421,362
2018 $14,752 $918,000 $504,900 $413,100
2016 $15,921 $1,018,590 $679,061 $339,529
2015 $15,099 $1,003,290 $668,861 $334,429
2014 $14,904 $983,637 $655,759 $327,878
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    ALEXANDER AYALA

    REALTY MASTERS & ASSOCIATES

    (909) 303-4500

    30 Total Sales

    ALEXANDER AYALA
    Section Image
  • Gino Ochoa

    Buyer's Agent in 2016

    Gino Ochoa

    CENTURY 21 REALTY MASTERS

    (323) 718-6449

    7 Total Sales

    Gino Ochoa
    Section Image

  • A

    Seller's Agent in 2013

    Alex Ayala

    Century 21 Beachside

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16167756

California Regional Multiple Listing Service (CRMLS)

APN: 5294-015-043

California Los Angeles County Montebello 90640

1305 Masser Place Unit 2, Montebello, CA

This home is located at 1305 Masser Place Unit 2, Montebello, CA 90640 since 01 August 2016 and is currently estimated at $1,390,866, approximately $257 per square foot. This property was built in 1965. 1305 Masser Place Unit 2 is a home located in Los Angeles County with nearby schools including Wilcox Elementary School, Montebello Intermediate School, and Montebello High 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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