NOT LISTED FOR SALE

1379 Dorner Dr Monterey Park, CA 91754

Estimated Value: $846,308 - $913,000

4 Beds
2 Baths
1,768 Sq Ft
$504/Sq Ft Est. Value

Last Sold June 05, 2024

Last sale price $849,000 $480 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,040/month

8 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Robert Hill Lane Elementary School Rated 9+
  • Rectangular Lot

About This Home

As of June 2024

Charming duplex for sale in Monterey Park neighborhood! This tenant-occupied property boasts proximity to amenities, shops, East LA College, and offers easy access to the 60 freeway. Each unit features two bedrooms and one bath and in-unit washer and dryer connections, providing comfortable living. Additionally, there is a detached 2-car garage with convenient rear alley access. Duplex needs TLC but holds incredible potential for those looking to rehab and add value. It’s perfect for investors aiming to capitalize on the strong rental demand, or homeowners who wish to live in one unit while renting out the other. Don’t miss this fantastic opportunity to own a versatile property in a sought-after area. Explore the possibilities and envision transforming this hidden gem into your dream investment! **DO NOT DISTURB TENANTS, DRIVE-BY ONLY**

Last Agent to Sell the Property

George Li

KW Executive Brokerage Phone: 626-375-0340 License #01992880 Listed on: 05/21/2024

KW Executive

Co-Listed By

Celine Juan

KW Executive Brokerage Phone: 626-375-0340 License #01992878

Last Buyer's Agent

Alex Lai

Longo Realty, Inc. License #01961835

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,376

Year Built

  • Built in 1948

Lot Details

  • 6,390 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors

Home Design

  • Duplex

Interior Spaces

  • 1,768 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 71
  • Tax Tract Number 14691
  • Assessor Parcel Number 5251025015
  • $574 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $936
  • Water Sewer Expense $960
  • Operating Expense $2,496
  • Gross Income $23,400
  • Net Operating Income $20,904

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,376

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 299000
  • Property Attached: No
  • Water Sewer Expenses: 960.00
  • Zoning: MPR2*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5251025015
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 480.20

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6390.00
  • Lot Size Acres: 0.1467
  • Latitude Manual: 34.03809800

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 23400.00
  • Gross Scheduled Income: 23400.00
  • Insurance Expense: 936.00
  • Lot Size Area: 6390.0000 Square Feet
  • Net Operating Income: 20904.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2496.00
  • Rent Control: Yes
  • Total Actual Rent: 1950.00
  • Total Expenses: 2496.00

Tax Info

  • Tax Census Tract: 5304.00
  • Tax Lot: 71
  • Tax Tract Number: 14691
  • TaxOtherAnnualAssessmentAmount: 574.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2025
Sold by
Su Ling and Lu Pan
Bought by
Su Ling and Lu Pan
Current Estimated Value
$890,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$674,900
Outstanding Balance
$672,018
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$197,784

Purchase Details

Listed on
May 21, 2024
Closed on
May 29, 2024
Sold by
Yoshihiro Tsuneishi Separate Property Tr and Tsuneishi Yoshihiro
Bought by
Su Ling and Lu Pan
Seller's Agent
George Li
KW Executive
Buyer's Agent
Alex Lai
Longo Realty, Inc.
List Price
$598,000
Sold Price
$849,000
Premium/Discount to List
$251,000
41.97%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.97%
Original Mortgage
$42,450
Interest Rate
7.17%

Purchase Details

Listed on
May 21, 2024
Closed on
Apr 10, 2024
Sold by
Tsuneishi Yoshihiro
Bought by
Yoshihiro Tsuneishi Separate Property Trust and Tsuneishi
Seller's Agent
George Li
KW Executive
Buyer's Agent
Alex Lai
Longo Realty, Inc.
List Price
$598,000
Sold Price
$849,000
Premium/Discount to List
$251,000
41.97%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,450
Interest Rate
7.17%

Purchase Details

Closed on
May 13, 2013
Sold by
Tsuneishi Yoshihiro and Tsuneishi Fumiko
Bought by
Tsuneishi Yoshihiro and Tsuneishi Fumiko M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2003
Sold by
Tsuneishi Yoshihiro and Tsuneishi Fumiko
Bought by
Tsuneishi Yoshihiro and Tsuneishi Fumiko M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 21, 1994
Sold by
Tsuneishi Yoshihiro and Tsuneishi Fumiko M
Bought by
Tsuneishi Yoshihiro and Tsuneishi Fumiko M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,000
Interest Rate
7.16%

Purchase Details

Closed on
Jan 11, 1994
Sold by
Tsuneishi Yoshihiro and Tsuneishi Fumiko M
Bought by
Tsuneishi Yoshihiro and Tsuneishi Fumiko M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,000
Interest Rate
7.16%
Source: Public Records

Range of Values:

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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
Su Ling -- California Best Title
Su Ling $849,000 Chicago Title Company
Yoshihiro Tsuneishi Separate Property Trust -- None Listed On Document
Tsuneishi Yoshihiro -- None Listed On Document
Tsuneishi Yoshihiro -- First American Title Company
Tsuneishi Yoshihiro -- First American Title Company
Tsuneishi Yoshihiro -- Fidelity National Title Co
Tsuneishi Yoshihiro -- Fidelity National Title Co
Tsuneishi Yoshihiro -- --
Tsuneishi Yoshihiro -- First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Su Ling $674,900
Previous Owner Su Ling $42,450
Previous Owner Su Ling $636,750
Previous Owner Tsuneishi Yoshihiro $150,000
Previous Owner Tsuneishi Yoshihiro $100,000
Previous Owner Tsuneishi Yoshihiro $85,000
Previous Owner Tsuneishi Yoshihiro $89,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2024 06/05/24 Sold $849,000 0.0% $480 / Sq Ft
05/29/2024 05/29/24 Pending -- -- --
05/26/2024 05/26/24 Off Market $849,000 -- --
05/21/2024 05/21/24 For Sale $598,000 -- $338 / 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 $2,376 $865,980 $559,980 $306,000
2024 $2,376 $140,375 $72,910 $67,465
2023 $2,335 $137,624 $71,481 $66,143
2022 $2,239 $134,927 $70,080 $64,847
2021 $2,203 $132,282 $68,706 $63,576
2019 $2,141 $128,361 $66,669 $61,692
2018 $2,039 $125,845 $65,362 $60,483
2016 $1,988 $120,961 $62,825 $58,136
2015 $1,957 $119,145 $61,882 $57,263
2014 $1,964 $116,812 $60,670 $56,142
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS24102085

California Regional Multiple Listing Service (CRMLS)

APN: 5251-025-015