NOT LISTED FOR SALE

Estimated Value: $930,000 - $1,413,000

5 Beds
2 Baths
1,835 Sq Ft
$649/Sq Ft Est. Value

Last Sold August 20, 2021

Last sale price $1,097,000 $598 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $7,420/month

7 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • No HOA
  • Plymouth Elementary School Rated A-
  • Lawn
  • Two Homes on a Lot

About This Home

As of August 2021

Rare 2 unit property: 132 Pamela Rd and 132 1/2 Pamela Rd- located is in the prime residential area of Monrovia. Neighboring Arcadia, with good school district, friendly neighbors and quiet tranquil tree lined street. Easy access to the 210 freeway, close to restaurant, groceries, fitness centers and down town Monrovia and Arcadia. Close commute to Pasadena and within walking distance to the Gold Line. Front unit (3B/1B) has a large kitchen and separate laundry room was fully renovated in 2018. Back unit (2B/1B) is a new built in 2019, with vaulted ceiling, open kitchen and walk-in closet with laundry in garage. Both units are fully occupied, current rent at $4850/mo with upside potential. Units are individually meter and tenants pay their own gas, electricity, cable and internet. Very low maintenance property. Two car garage plus 2 assigned parking inside gated property along with ample street parking, no parking permit require. This property will not last! All Offers due by 7/21/2021 at 5:00pm. Please use RIPA form with POF & pre-approval letter. Thanks!

Last Agent to Sell the Property

KENNETH MA

NORTHLAND REAL ESTATE GROUP, I License #02088481 Listed on: 07/14/2021

Last Buyer's Agent

Garrett Chan

Compass License #01959579

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 7,320 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Lawn
  • Back Yard

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,835 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Additional Homes

  • Two Homes on a Lot

Utilities

  • Central Heating and Cooling System
  • Standard Electricity
  • Gas Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 72
  • Tax Tract Number 14247
  • Assessor Parcel Number 8510013003

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $600
  • Trash Expense $240
  • Water Sewer Expense $1,200
  • Operating Expense $2,760
  • Gross Income $58,200
  • Net Operating Income $55,440

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LCR15000*
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 8510013003
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, Stone Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 597.82
  • Window Features: Double Pane Windows

Exterior Features

  • Other Structures: Two On A Lot
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 240.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lawn
  • Lot Size Sq Ft: 7320.00
  • Lot Size Acres: 0.1680

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 869 Square Feet
  • Average3 Bed Area: 966 Square Feet
  • Gross Income: 58200.00
  • Gross Scheduled Income: 58200.00
  • Insurance Expense: 600.00
  • Lot Size Area: 7320.0000 Square Feet
  • Net Operating Income: 55440.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Operating Expense: 2760.00
  • Rent Control: No
  • Total Expenses: 2760.00

Tax Info

  • Tax Census Tract: 4312.00
  • Tax Lot: 72
  • Tax Tract Number: 14247

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2021
Closed on
Aug 4, 2021
Sold by
Lee Ma 2018 Family Trust and Ma Kenneth Karlen
Bought by
Shirley Lai Insurance Trust and Lai
Seller's Agent
KENNETH MA
NORTHLAND REAL ESTATE GROUP, I
Buyer's Agent
Garrett Chan
Compass
List Price
$950,000
Sold Price
$1,097,000
Premium/Discount to List
$147,000
15.47%
Current Estimated Value
$1,190,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,324
Avg. Annual Appreciation
1.89%
Original Mortgage
$717,000
Outstanding Balance
$647,739
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$542,585

Purchase Details

Listed on
Feb 2, 2018
Closed on
Jun 5, 2018
Sold by
Ma Kenneth Karlen
Bought by
Ma Kenneth Karlen and Lee Joann Chun Sun
Seller's Agent
Joshua Chao
Smart Capital
Buyer's Agent
Candy Chong
IRN Realty
List Price
$629,000
Sold Price
$638,000
Premium/Discount to List
$9,000
1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.50%

Purchase Details

Listed on
Feb 2, 2018
Closed on
Mar 19, 2018
Sold by
James Damian
Bought by
Ma Kenneth Karlen and Lee Joann Chun Sun
Seller's Agent
Joshua Chao
Smart Capital
Buyer's Agent
Candy Chong
IRN Realty
List Price
$629,000
Sold Price
$638,000
Premium/Discount to List
$9,000
1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$478,500
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2015
Sold by
W & S Investments Llc
Bought by
James Damian

Purchase Details

Listed on
Dec 1, 2014
Closed on
Dec 11, 2014
Sold by
Westcliff Realty Llc
Bought by
W & S Investments Llc
Seller's Agent
Danny Ozair
Danny Ozair
Buyer's Agent
Sabrina Mak
Pinnacle Real Estate Group
List Price
$499,990
Sold Price
$499,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.23%

Purchase Details

Listed on
May 21, 2014
Closed on
May 20, 2014
Sold by
Robles Sarah
Bought by
Westcliff Realty Llc
Seller's Agent
EVA RAINWATER
GEORGE MICHAEL REALTY
Buyer's Agent
Danny Ozair
Danny Ozair
List Price
$399,000
Sold Price
$380,000
Premium/Discount to List
-$19,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.22%
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
Shirley Lai Insurance Trust $1,097,000 New Title Company Name
Ma Kenneth Karlen -- None Available
Ma Kenneth Karlen $638,000 First American Title Company
James Damian $425,000 Stewart Title Of California
W & S Investments Llc $500,000 First American Title Company
Westcliff Realty Llc $380,000 Fatcola
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shirley Lai Insurance Trust $717,000
Previous Owner Ma Kenneth Karlen $478,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/20/2021 08/20/21 Sold $1,097,000 +15.5% $598 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $950,000 +48.9% $518 / Sq Ft
04/11/2018 04/11/18 Sold $638,000 +1.4% $520 / Sq Ft View Prior Sale
03/12/2018 03/12/18 Pending -- -- --
02/02/2018 02/02/18 For Sale $629,000 +25.8% $512 / Sq Ft
01/09/2015 01/09/15 Sold $499,990 0.0% $431 / Sq Ft View Prior Sale
12/15/2014 12/15/14 Pending -- -- --
12/01/2014 12/01/14 For Sale $499,990 +31.6% $431 / Sq Ft
06/07/2014 06/07/14 Sold $380,000 -4.8% $409 / Sq Ft View Prior Sale
04/02/2014 04/02/14 For Sale $399,000 -- $429 / 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 $14,190 $1,164,143 $636,724 $527,419
2024 $13,779 $1,141,318 $624,240 $517,078
2023 $13,451 $1,118,940 $612,000 $506,940
2022 $13,040 $1,097,000 $600,000 $497,000
2021 $8,195 $670,651 $536,521 $134,130
2020 $7,926 $663,775 $531,020 $132,755
2019 $7,786 $650,760 $520,608 $130,152
2018 $5,277 $442,170 $353,736 $88,434
2016 $5,072 $425,000 $340,000 $85,000
2015 $4,690 $387,591 $310,073 $77,518
2014 -- $268,654 $144,039 $124,615
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21153435

California Regional Multiple Listing Service (CRMLS)

APN: 8510-013-003