NOT LISTED FOR SALE

1428 Espanol Ave Montebello, CA 90640

Estimated Value: $808,000 - $1,363,695

4 Beds
2 Baths
1,821 Sq Ft
$543/Sq Ft Est. Value

Last Sold October 31, 2022

Last sale price $750,000 $412 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $6,193/month

2 Days on Market

About This Home

As of October 2022

A corner lot residential income property in the beautiful city of Montebello! This is a great income producing property! Located near the 5 Fwy, close to multiple shopping centers, schools, and public transportation.

Last Agent to Sell the Property

Ali Kassira

Century 21 Allstars License #02057492 Listed on: 09/29/2022

Century 21 Allstars

Last Buyer's Agent

Ali Kassira

Century 21 Allstars License #02057492 Listed on: 09/29/2022

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,601

Year Built

  • Built in 1949

Lot Details

  • 5,338 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • 1,821 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 10415
  • Assessor Parcel Number 6354020032
  • $1,145 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,800
  • Insurance Expense $720
  • Water Sewer Expense $3,000
  • Operating Expense $5,520
  • Gross Income $42,600
  • Net Operating Income $37,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,601

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Other Phone Description: 3233139299
  • Price Per Unit: 370000
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: MNM1*
  • Property Type: Residential Income
  • Parcel Number: 6354020032
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 411.86

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5338.00
  • Lot Size Acres: 0.1225

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 42600.00
  • Gross Scheduled Income: 42600.00
  • Insurance Expense: 720.00
  • Lot Size Area: 5338.0000 Square Feet
  • Net Operating Income: 37080.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 5520.00
  • Rent Control: No
  • Total Expenses: 5520.00

Tax Info

  • Tax Census Tract: 5322.00
  • Tax Lot: 13
  • Tax Tract Number: 10415
  • TaxOtherAnnualAssessmentAmount: 1145.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2022
Closed on
Dec 7, 2022
Sold by
Petrosian Suzanne
Bought by
Haik Hratch Petrosian And Suzanne Petrosian F
Seller's Agent
Ali Kassira
Century 21 Allstars
Buyer's Agent
Ali Kassira
Century 21 Allstars
List Price
$740,000
Sold Price
$750,000
Premium/Discount to List
$10,000
1.35%
Views
6
Current Estimated Value
$989,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,674
Avg. Annual Appreciation
10.00%
Original Mortgage
$562,500
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 29, 2022
Closed on
Oct 26, 2022
Sold by
Petrosian Haik
Bought by
Petrosian Suzanne
Seller's Agent
Ali Kassira
Century 21 Allstars
Buyer's Agent
Ali Kassira
Century 21 Allstars
List Price
$740,000
Sold Price
$750,000
Premium/Discount to List
$10,000
1.35%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 29, 2022
Closed on
Oct 4, 2022
Sold by
States Timothy Rafeeq
Bought by
Petrosian Suzanne
Seller's Agent
Ali Kassira
Century 21 Allstars
Buyer's Agent
Ali Kassira
Century 21 Allstars
List Price
$740,000
Sold Price
$750,000
Premium/Discount to List
$10,000
1.35%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2018
Sold by
Hernandez David
Bought by
States Timothy Rafeeq

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,219
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 5, 2006
Sold by
Hernandez Ofelia
Bought by
Hernandez David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2004
Sold by
Hernandez Vicente
Bought by
Hernandez David and Hernandez Ofelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 1999
Sold by
Melendrez Juanita Margie
Bought by
Melendrez Tony John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,983
Interest Rate
7.04%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 21, 1998
Sold by
Melendrez Tony J
Bought by
Hernandez David and Hernandez Ofelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,983
Interest Rate
7.04%
Mortgage Type
FHA
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
Haik Hratch Petrosian And Suzanne Petrosian F -- Pacific Coast Title Company
Petrosian Suzanne -- Pacific Coast Title
Petrosian Suzanne $750,000 Pacific Coast Title
States Timothy Rafeeq $540,000 First American Title Company
Hernandez David -- New Century Title Company
Hernandez David -- Security Union Title
Melendrez Tony John -- American Title Co
Gonzales Mary Melendrez -- American Title Co
Melendrez Frank R -- American Title Co
Hernandez David $153,000 American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Petrosian Suzanne $562,500
Previous Owner Petrosian Suzanne $562,500
Previous Owner States Timothy Rafeeq $621,946
Previous Owner States Timothy Rafeeq $74,646
Previous Owner States Timothy Rafeeq $530,219
Previous Owner Hernandez David $496,000
Previous Owner Hernandez David $240,000
Previous Owner Hernandez David $204,000
Previous Owner Hernandez David $151,983
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2022 10/31/22 Sold $750,000 0.0% $412 / Sq Ft
10/02/2022 10/02/22 Off Market $750,000 -- --
10/01/2022 10/01/22 Pending -- -- --
09/29/2022 09/29/22 For Sale $740,000 +37.0% $406 / Sq Ft
10/19/2018 10/19/18 Sold $540,000 -1.8% $297 / Sq Ft
05/10/2018 05/10/18 For Sale $550,000 -- $302 / 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 $11,601 $780,300 $364,140 $416,160
2024 $11,601 $765,000 $357,000 $408,000
2023 $11,563 $750,000 $350,000 $400,000
2022 $8,902 $567,634 $399,447 $168,187
2021 $8,577 $556,505 $391,615 $164,890
2020 $8,419 $550,800 $387,600 $163,200
2019 $8,178 $540,000 $380,000 $160,000
2018 $3,782 $210,787 $103,327 $107,460
2016 $3,623 $202,603 $99,315 $103,288
2015 $3,459 $199,561 $97,824 $101,737
2014 $3,426 $195,653 $95,908 $99,745
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22211565

California Regional Multiple Listing Service (CRMLS)

APN: 6354-020-032