NOT LISTED FOR SALE

133 S 18th St Montebello, CA 90640

Estimated Value: $850,000 - $1,018,000

4 Beds
2 Baths
1,820 Sq Ft
$507/Sq Ft Est. Value

Last Sold August 02, 2017

Last sale price $585,000 $321 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $5,869/month

47 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Central Heating
  • Cooling System Mounted To A Wall/Window

About This Home

As of August 2017

OK... so can you find any home in Los Angeles county in a nice area for $300K?. Imagine now, finding two such houses that happen to share a wall. Wouldn't you think you just won the lottery? No need to even play the lottery. Simply buy this duplex in a very beautiful suburb of Los Angeles, Montebello. Safe, clean and neighborly are the three adjectives that come to mind when one passes by this great home in this well manicured neighborhood. Front and back units are currently rented below market with tenants that know how to keep the landlord's well maintained units immaculate. These units make sense in ANY market. Hurry, before the sellers read this description and decides to keep the property for themselves!!

Last Agent to Sell the Property

Frank Ferguson

Keller Williams Realty License #00897608 Listed on: 06/08/2017

Keller Williams Realty

Last Buyer's Agent

Frank Ferguson

Keller Williams Realty License #00897608 Listed on: 06/08/2017

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,116

Year Built

  • Built in 1947

Lot Details

  • 6,668 Sq Ft Lot
  • Lot Dimensions are 50x134
  • 1 Common Wall
  • Lawn
  • Garden
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • 1,820 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 13553
  • Assessor Parcel Number 6337006021

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • New Taxes Expense $2,000
  • Operating Expense $3,200
  • Gross Income $34,440
  • Net Operating Income $31,218

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,116

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Inclusions: Happiness, and a nice cash flow.
  • Other Phone Description: 6266253186
  • Other Phone Number: 6266253186
  • Property Attached: Yes
  • Zoning: MNR2YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6337006021
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 321.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Lawn, Lot 6500-9999
  • Lot Size: 50X134
  • Lot Size Sq Ft: 6668.00

Multi Family

  • Gross Income: 34440.00
  • Gross Operating Income: 32718.00
  • Gross Scheduled Income: 34440.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 31218.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 1500.00
  • Operating Expense Percent: 5.00
  • Other Income Description: Annual gross income.
  • Rent Control: No
  • Total Actual Rent: 2870.00
  • Total Expenses: 3200.00
  • Vacancy Allowance: 1722
  • Vacancy Allowance Rate: 95.00

Tax Info

  • New Taxes Expense: 2000.00
  • Tax Census Tract: 5320.01
  • Tax Lot: 16
  • Tax Tract Number: 13553

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 7, 2021
Sold by
Liang Spencer Chiakang and Liang Vivian Ng
Bought by
Liang Spencer Chiakang and Liang Vivian Ng
Current Estimated Value
$922,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Outstanding Balance
$260,008
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$641,921

Purchase Details

Closed on
Jun 12, 2018
Sold by
Liang Spencer Chiakang
Bought by
Liang Spencer Chiakang and Liang Vivian Ng

Purchase Details

Listed on
Jun 8, 2017
Closed on
Jul 26, 2017
Sold by
Urrea Paul T
Bought by
Liang Spencer Chiakang and Liang Vivian Ng
Seller's Agent
Frank Ferguson
Keller Williams Realty
Buyer's Agent
Frank Ferguson
Keller Williams Realty
List Price
$599,000
Sold Price
$585,000
Premium/Discount to List
-$14,000
-2.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.50%
Original Mortgage
$300,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2017
Sold by
Urrea Paul T
Bought by
Urrea Paul T and Urrea Nora A

Purchase Details

Closed on
Feb 3, 2011
Sold by
Urrea Paul T and Urrea Nora A
Bought by
Urrea Paul T and Urrea Nora A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2009
Sold by
Wells Fargo Bank Na
Bought by
Urrea Paul T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.37%
Mortgage Type
Seller Take Back
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
Liang Spencer Chiakang -- Wfg National Title Company
Liang Spencer Chiakang -- None Available
Liang Spencer Chiakang $585,000 Lawyers Title
Urrea Paul T -- None Available
Urrea Paul T -- Lsi Title Company
Urrea Paul T $400,000 Fidelity Van Nuys
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liang Spencer Chiakang $290,000
Closed Liang Spencer Chiakang $300,000
Previous Owner Urrea Paul T $292,500
Previous Owner Urrea Paul T $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2017 08/02/17 Sold $585,000 -2.3% $321 / Sq Ft
07/25/2017 07/25/17 Pending -- -- --
06/08/2017 06/08/17 For Sale $599,000 -- $329 / 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 $10,116 $665,625 $341,347 $324,278
2024 $10,116 $652,574 $334,654 $317,920
2023 $10,079 $639,780 $328,093 $311,687
2022 $9,740 $627,236 $321,660 $305,576
2021 $9,388 $614,938 $315,353 $299,585
2020 $9,224 $608,634 $312,120 $296,514
2019 $8,958 $596,700 $306,000 $290,700
2018 $9,075 $585,000 $300,000 $285,000
2016 $6,960 $436,159 $327,121 $109,038
2015 $6,605 $429,609 $322,208 $107,401
2014 $6,524 $421,195 $315,897 $105,298
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR17129631

California Regional Multiple Listing Service (CRMLS)

APN: 6337-006-021