NOT LISTED FOR SALE

1563 3rd St Duarte, CA 91010

Estimated Value: $1,213,000 - $1,665,000

6 Beds
4 Baths
2,318 Sq Ft
$619/Sq Ft Est. Value

Last Sold August 02, 2021

Last sale price $1,200,000 $518 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $8,940/month

12 Days on Market

About This Home

As of August 2021

BOTH UNITS ARE TENANT OCCUPIED, PLEASE DO NOT DISTURB TENANTS. DO NOT GO ONTO THE PROPERTY. Located in the prime area of Duarte, South of Bradbury. Close to local restaurants, freeway access, Duarte's prestigious Royal Oak STEAM Academy K-8, and Duarte High School. This duplex has a front unit with 4bed/2bath and a back unit with 2/1.5bath. The front unit was fully renovated in 2013 with a brand new roof, redid entire plumbing to copper pipe, brand new A/C, paved cement driveway, electric panel, sprinkler system, kitchen, bathrooms, flooring, windows, water softener, and brand new water heater in 2017. The back unit was built in 2017 with permits. Brand new everything when constructed with a new roof, electric panel, cement paved backyard patio, new HVAC, 22,000 BTU Daikin Split Unit, cold and hot air, and additional storage is in the attic. Front unit has its own front yard while the back unit has its own personal backyard. Driveway has a gate with 2 designated parking spots along with a 2 car garage. The City of Duarte Planning department states that the garage can be converted into a “recreational space” with a full bath and wet bar. This duplex is perfect for owners who are planning to live in one and rent out the other or landlord who is looking for an easy passive income opportunity. Convenient area close to parks, restaurants, and schools. Perfect for long-term tenants. Do not miss out on this great investment opportunity! The buyer and buyer’s agent are responsible to verify the accuracy of all information that pertains to the buyer’s investigation.

Last Agent to Sell the Property

Kevin Kwan

REALIV License #01488390 Listed on: 06/18/2021

Co-Listed By

HUE PHU QUACH

REALIV License #02097769

Last Buyer's Agent

Kevin Kwan

REALIV License #01488390 Listed on: 06/18/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,152

Year Built

  • Built in 1951

Lot Details

  • 6,782 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,318 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 51
  • Tax Tract Number 16308
  • Assessor Parcel Number 8530017023

Community Details

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,020
  • Insurance Expense $944
  • Trash Expense $448
  • New Taxes Expense $15,625
  • Operating Expense $18,009
  • Gross Income $66,000
  • Net Operating Income $54,344

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,152

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Zoning: DUR16500*
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 8530017023
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 517.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 448.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6782.00
  • Lot Size Acres: 0.1557

Multi Family

  • Gross Income: 66000.00
  • Gross Scheduled Income: 66000.00
  • Insurance Expense: 944.00
  • Lot Size Area: 6782.0000 Square Feet
  • Net Operating Income: 54344.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 11656.00
  • Rent Control: No
  • Total Expenses: 18009.00

Tax Info

  • New Taxes Expense: 15625.00
  • Tax Census Tract: 4301.01
  • Tax Lot: 51
  • Tax Tract Number: 16308

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2013
Closed on
Jul 31, 2013
Sold by
The Lantow 2010 Trust #200412-0314
Bought by
Wang William
Seller's Agent
Lauri Preedge
Lauri Preedge, Broker
Buyer's Agent
Howard Li
Swofe Realty
List Price
$489,900
Sold Price
$489,900
Current Estimated Value
$1,435,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$945,120
Avg. Annual Appreciation
9.22%
Original Mortgage
$391,900
Outstanding Balance
$291,945
Interest Rate
4.51%
Mortgage Type
New Conventional
Estimated Equity
$1,143,075

Purchase Details

Closed on
Mar 24, 2011
Sold by
Lizama Daniel C and Lizama Marisol
Bought by
Lantow Inc

Purchase Details

Closed on
Dec 14, 2004
Sold by
Lizama Daniel C and Lizama Marisol
Bought by
Lizama Daniel C and Lizama Marisol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
4.27%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 12, 1998
Sold by
Federal National Mortgage Association
Bought by
Lizama Daniel and Lizama Marisol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,650
Interest Rate
6.86%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 20, 1998
Sold by
Acevedo Joel and Acevedo Rose B
Bought by
Federal National Mortgage Association
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
Wang William $490,000 First American Title Company
Lantow Inc -- None Available
Lizama Daniel C -- United Title Company
Lizama Daniel $145,000 Stewart Title
Federal National Mortgage Association $143,396 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang William $391,900
Previous Owner Lizama Daniel C $264,000
Previous Owner Lizama Daniel $140,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/02/2021 08/02/21 Sold $1,200,000 -4.0% $518 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
06/18/2021 06/18/21 For Sale $1,250,000 +155.2% $539 / Sq Ft
08/21/2013 08/21/13 Sold $489,900 0.0% $298 / Sq Ft View Prior Sale
07/12/2013 07/12/13 For Sale $489,900 0.0% $298 / Sq Ft
07/01/2013 07/01/13 Pending -- -- --
06/29/2013 06/29/13 For Sale $489,900 0.0% $298 / Sq Ft
06/28/2013 06/28/13 Off Market $489,900 -- --
06/19/2013 06/19/13 For Sale $489,900 -- $298 / 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 $17,152 $1,273,448 $764,069 $509,379
2024 $16,696 $1,248,480 $749,088 $499,392
2023 $16,212 $1,224,000 $734,400 $489,600
2022 $15,810 $1,200,000 $720,000 $480,000
2021 $9,081 $656,726 $288,898 $367,828
2020 $8,523 $649,993 $285,936 $364,057
2019 $8,323 $637,249 $280,330 $356,919
2018 $8,100 $624,755 $274,834 $349,921
2016 $6,509 $507,409 $264,163 $243,246
2015 $6,367 $499,789 $260,196 $239,593
2014 $6,789 $490,000 $255,100 $234,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21122689

California Regional Multiple Listing Service (CRMLS)

APN: 8530-017-023