NOT LISTED FOR SALE

131 W Cherry Ave Monrovia, CA 91016

Estimated Value: $1,208,000 - $1,511,000

6 Beds
3 Baths
3,501 Sq Ft
$391/Sq Ft Est. Value

Last Sold May 12, 2015

Last sale price $740,000 $211 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $8,199/month

34 Days on Market

About This Home

As of May 2015

Here is a perfect opportunity for any investor who is looking for a triplex in the city of Old Town Monrovia. First Unit is 1,000 sqft, Second unit is 1,000 sqft, third unit is 750 sft. Triplex comes with a 2 bed 1 bath, three carports and 2 extra parking spaces. Triplex is located walking distance to shopping center and blocks away from bus line and freeway. Act fast price is listed for a quick sale.

Last Agent to Sell the Property

Daniel Fraijo

REALTY MASTERS & ASSOCIATES License #01953145 Listed on: 02/24/2015

REALTY MASTERS & ASSOCIATES

Last Buyer's Agent

Daniel Fraijo

REALTY MASTERS & ASSOCIATES License #01953145 Listed on: 02/24/2015

REALTY MASTERS & ASSOCIATES

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 9,036 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 3,501 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 7 Parking Spaces
  • 3 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Shared Septic

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 4311
  • Assessor Parcel Number 8508010055

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 4 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Trash Expense $960
  • Water Sewer Expense $532
  • Gross Income $3,800
  • Net Operating Income $32,568

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Inclusions: all fixtures.
  • Property Attached: Yes
  • Water Sewer Expenses: 532.00
  • Zoning: MORH*
  • Property Type: Residential Income
  • Parcel Number: 8508010055
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 211.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Water Available
  • Sewer: Shared Septic
  • Trash Expense: 960.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9036.00
  • Lot Size Acres: 0.2070

Multi Family

  • Gross Income: 3800.00
  • Gross Scheduled Income: 456000.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 9036.0000 Square Feet
  • Net Operating Income: 32568.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 3
  • Operating Expense: 5232.00
  • Rent Control: No
  • Total Actual Rent: 3425.00

Tax Info

  • Tax Lot: 6
  • Tax Tract Number: 4311
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2024
Sold by
Liang Julie
Bought by
Julie Liang Revocable Living Trust and Liang
Current Estimated Value
$1,368,612

Purchase Details

Closed on
Nov 26, 2018
Sold by
Ji Jaz Nian and Liang Julie
Bought by
Liang Julie

Purchase Details

Listed on
Feb 24, 2015
Closed on
May 7, 2015
Sold by
Truong Mike Tung Rin and Truong Tung T
Bought by
Ji Jaz Nian and Liang Julie
Seller's Agent
Daniel Fraijo
REALTY MASTERS & ASSOCIATES
Buyer's Agent
Daniel Fraijo
REALTY MASTERS & ASSOCIATES
List Price
$855,000
Sold Price
$740,000
Premium/Discount to List
-$115,000
-13.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.92%
Original Mortgage
$518,000
Interest Rate
3.64%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 29, 2001
Sold by
Fischbach Vicki
Bought by
Truong Tung T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
6.91%

Purchase Details

Closed on
Mar 14, 1994
Sold by
Share David L
Bought by
Fischbach Vicki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
8.3%
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
Julie Liang Revocable Living Trust -- None Listed On Document
Liang Julie -- None Available
Ji Jaz Nian $740,000 Fidelity
Truong Tung T $290,000 Chicago Title Co
Fischbach Vicki $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ji Jaz Nian $518,000
Previous Owner Truong Tung T $232,000
Previous Owner Fischbach Vicki $192,000
Closed Fischbach Vicki $24,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2015 05/12/15 Sold $740,000 -13.5% $211 / Sq Ft
03/30/2015 03/30/15 Pending -- -- --
02/24/2015 02/24/15 For Sale $855,000 -- $244 / 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 $12,518 $889,360 $600,920 $288,440
2024 $12,518 $871,923 $589,138 $282,785
2023 $12,239 $854,828 $577,587 $277,241
2022 $11,894 $838,067 $566,262 $271,805
2021 $11,660 $821,635 $555,159 $266,476
2020 $11,319 $813,961 $549,467 $264,494
2019 $11,124 $798,017 $538,694 $259,323
2018 $10,793 $782,385 $528,132 $254,253
2016 $10,410 $751,285 $507,625 $243,660
2015 $5,370 $356,456 $215,104 $141,352
2014 -- $349,475 $210,891 $138,584
Source: Public Records

Agents Affiliated with this Home

  • Daniel Fraijo

    Seller's Agent in 2015

    Daniel Fraijo

    REALTY MASTERS & ASSOCIATES

    (626) 665-3082

    20 Total Sales

    Daniel Fraijo
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15038991

California Regional Multiple Listing Service (CRMLS)

APN: 8508-010-055

California Los Angeles County Monrovia 91016

131 W Cherry Ave, Monrovia, CA

Not Listed for Sale

MultiFamily

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