NOT LISTED FOR SALE

1340 S Spruce St Montebello, CA 90640

Estimated Value: $1,078,000 - $1,374,079

2 Beds
1 Bath
2,775 Sq Ft
$448/Sq Ft Est. Value

Last Sold May 22, 2018

Last sale price $899,000 $324 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,865/month

29 Days on Market

About This Home

As of May 2018

Beautiful 3 unit property in the heart of Montebello. Large lot with plenty of space. Convenient location. There are 3 separate units that are all detached with 2bd / 1ba. Covered carport and additional parking in the rear. Large rear yard that is shared between all 3 units. Great for a large family and even better as an investment property.

Last Agent to Sell the Property

HANG TAO

KINGSTON REALTY License #02052821 Listed on: 04/03/2018

Last Buyer's Agent

Bryan Cox

Netpro Realty License #01300468

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,461

Year Built

  • Built in 1962

Lot Details

  • 10,399 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 6 Parking Spaces

Home Design

  • 2,775 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 31
  • Tax Tract Number 11562
  • Assessor Parcel Number 6354007036

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $929
  • Trash Expense $512
  • Water Sewer Expense $1,000
  • New Taxes Expense $10,489
  • Operating Expense $12,930
  • Gross Income $54,000
  • Net Operating Income $41,070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,461

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1000.00
  • Zoning: MNR1*
  • Property Type: Residential Income
  • Parcel Number: 6354007036
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 323.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 512.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 10399.00

Multi Family

  • Gross Income: 54000.00
  • Gross Scheduled Income: 54000.00
  • Insurance Expense: 929.00
  • Net Operating Income: 41070.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 12930.00
  • Rent Control: No
  • Total Expenses: 12930.00

Tax Info

  • New Taxes Expense: 10489.00
  • Tax Census Tract: 5322.00
  • Tax Lot: 31
  • Tax Tract Number: 11562

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 13, 2023
Sold by
Ruiz Living Trust
Bought by
Ruiz Living Trust
Current Estimated Value
$1,244,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Outstanding Balance
$413,467
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$830,803

Purchase Details

Closed on
Jan 3, 2022
Sold by
Ruiz Maria
Bought by
Ruiz Living Trust and Ruiz

Purchase Details

Listed on
Apr 3, 2018
Closed on
May 7, 2018
Sold by
Tao Hang and Chu Hong
Bought by
Ruiz Maria
Seller's Agent
HANG TAO
KINGSTON REALTY
Buyer's Agent
Bryan Cox
Netpro Realty
List Price
$899,000
Sold Price
$899,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.48%

Purchase Details

Closed on
Nov 18, 2016
Sold by
Tao Hang
Bought by
Tao Hang and Chu Hong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 13, 2015
Closed on
Aug 25, 2015
Sold by
Chu Hong
Bought by
Tao Hang
Seller's Agent
Tammy Newsom
BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
Buyer's Agent
Danny Lu
Pinnacle Real Estate Group
List Price
$699,950
Sold Price
$639,950
Premium/Discount to List
-$60,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.78%

Purchase Details

Closed on
Jun 10, 2015
Sold by
Graham Donald
Bought by
Tao Hang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,967
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 11, 2008
Sold by
Graham Patricia P
Bought by
Graham Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 8, 2008
Sold by
Filipow Sofia and Sofia Filipow Revocable Living
Bought by
Graham Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 9, 2008
Sold by
Filipow Sofia
Bought by
Filipow Sofia
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
Ruiz Living Trust -- Pacific Coast Title Company
Ruiz Living Trust -- None Listed On Document
Ruiz Maria $899,000 Lawyers Title
Tao Hang -- Ticor Title Co
Tao Hang -- Landwood Title
Tao Hang $640,000 Landwood Title
Graham Donald -- None Available
Graham Donald $380,000 Itc Gln
Filipow Sofia -- None Available
Filipow Sofia -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruiz Living Trust $425,000
Previous Owner Tao Hang $412,000
Previous Owner Tao Hang $415,967
Previous Owner Graham Donald $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/22/2018 05/22/18 Sold $899,000 0.0% $324 / Sq Ft
04/03/2018 04/03/18 For Sale $899,000 +40.5% $324 / Sq Ft
09/04/2015 09/04/15 Sold $639,950 -8.6% $231 / Sq Ft View Prior Sale
06/08/2015 06/08/15 Pending -- -- --
04/13/2015 04/13/15 For Sale $699,950 -- $252 / 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 $15,461 $1,022,904 $710,002 $312,902
2024 $15,461 $1,002,848 $696,081 $306,767
2023 $15,405 $983,185 $682,433 $300,752
2022 $14,887 $963,907 $669,052 $294,855
2021 $14,349 $945,008 $655,934 $289,074
2020 $14,102 $935,319 $649,209 $286,110
2019 $13,693 $916,980 $636,480 $280,500
2018 $10,709 $665,856 $416,160 $249,696
2016 $10,276 $640,000 $400,000 $240,000
2015 $11,268 $744,677 $535,741 $208,936
2014 $11,126 $730,091 $525,247 $204,844
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2018

    HANG TAO

    KINGSTON REALTY

    (626) 662-7168

    6 Total Sales

    HANG TAO
    Section Image

  • B

    Buyer's Agent in 2018

    Bryan Cox

    Netpro Realty

  • Tammy Newsom

    Seller's Agent in 2015

    Tammy Newsom

    BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY

    (951) 492-8470

    20 Total Sales

    Tammy Newsom
    Section Image

  • D

    Buyer's Agent in 2015

    Danny Lu

    Pinnacle Real Estate Group

    (626) 888-9373

    8 Total Sales

    Danny Lu
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18075408

California Regional Multiple Listing Service (CRMLS)

APN: 6354-007-036

California Los Angeles County Montebello 90640

1340 S Spruce St, Montebello, CA

This home is located at 1340 S Spruce St, Montebello, CA 90640 since 03 April 2018 and is currently estimated at $1,244,270, approximately $448 per square foot. This property was built in 1962. 1340 S Spruce St is a home located in Los Angeles County with nearby schools including Greenwood Elementary School, La Merced 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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