NOT LISTED FOR SALE

1600 S Monterey St Alhambra, CA 91801

Estimated Value: $1,040,000 - $1,284,000

2 Beds
1 Bath
2,102 Sq Ft
$553/Sq Ft Est. Value

Last Sold July 31, 2012

Last sale price $540,000 $257 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $6,864/month

61 Days on Market

Highlights

  • Contemporary Architecture
  • Corner Lot
  • Carpet
  • Ramona Elementary School Rated A-
  • Ceramic Countertops
  • No Heating

About This Home

As of July 2012

Very desirable property for owner user and rent other side out, or two families. Large rooms, dining area in each unit. Front unit has newer bathroom, newer carpet and paint. Both units have central air conditioning. Shared two car garage with laundry hookups for two units inside. Some yard area, rear patio behind garage nice rose bushes.

Last Agent to Sell the Property

Patrick Hart

Patrick Hart, Broker License #00752761 Listed on: 04/20/2012

Patrick Hart, Broker

Last Buyer's Agent

Margaret Lee

Coldwell Banker Dynasty Arc. License #00976428

Coldwell Banker Dynasty Arc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 7,601 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Garage
  • Two Garage Doors

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,102 Sq Ft Home
  • Window Screens
  • Carpet

Kitchen

  • Gas Oven or Range
  • Range
  • Ceramic Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • No Heating
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Tract Number 5868
  • Assessor Parcel Number 5359023001

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $900
  • Maintenance Expense $250
  • Pest Control $250
  • Supplies Expense $100
  • Water Sewer Expense $1,500
  • New Taxes Expense $6,400
  • Gross Income $31,200
  • Net Operating Income $20,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

7,601 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 3.71
  • Supplies Expense: 100.00
  • View: No
  • Water Sewer Expenses: 1500.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 5359023001
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceramic Counters
  • Flooring: Carpet
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 256.90
  • Window Features: Screens

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Water Connected
  • Heating: No
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Gas Water Heater, Range
  • Pest Control Expense: 250.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7601.00
  • Lot Size Acres: 0.1740

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 1050
  • Gross Income: 31200.00
  • Gross Multiplier: 17.28
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 900.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7601.0000 Square Feet
  • Maintenance Expense: 250.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 20000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Operating Expense: 10000.00
  • Operating Expense Percent: 30.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 6400.00
  • Tax Area: 1797
  • Tax Lot: 0.
  • Tax Tract Number: 5868

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2012
Closed on
Jun 29, 2012
Sold by
Whittier College
Bought by
Vantan Vi and Du Van Lonnie
Seller's Agent
Patrick Hart
Patrick Hart, Broker
Buyer's Agent
Margaret Lee
Coldwell Banker Dynasty Arc.
List Price
$539,000
Sold Price
$540,000
Premium/Discount to List
$1,000
0.19%
Current Estimated Value
$1,163,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$623,152
Avg. Annual Appreciation
5.77%

Purchase Details

Listed on
Apr 20, 2012
Closed on
Jun 7, 2012
Sold by
Edington John and John B Robbins Trust
Bought by
Whittier College
Seller's Agent
Patrick Hart
Patrick Hart, Broker
Buyer's Agent
Margaret Lee
Coldwell Banker Dynasty Arc.
List Price
$539,000
Sold Price
$540,000
Premium/Discount to List
$1,000
0.19%

Purchase Details

Closed on
Jan 25, 2008
Sold by
Robbins John B and John B Robbins Trust
Bought by
Robbins John B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,700
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2006
Sold by
Scott Carleton B and Scott Betty J
Bought by
Robbins John B and The John B Robbins Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Vantan Vi $540,000 Chicago Title Company
Whittier College -- None Available
Robbins John B -- Southland Title
Robbins John B -- Southland Title
Robbins John B -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Robbins John B $390,700
Previous Owner Robbins John B $382,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2012 07/31/12 Sold $540,000 +0.2% $257 / Sq Ft
06/20/2012 06/20/12 Pending -- -- --
04/20/2012 04/20/12 For Sale $539,000 -- $256 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,295 $664,958 $465,474 $199,484
2024 $8,295 $651,921 $456,348 $195,573
2023 $8,224 $639,139 $447,400 $191,739
2022 $7,836 $626,608 $438,628 $187,980
2021 $7,751 $614,323 $430,028 $184,295
2020 $7,710 $608,025 $425,619 $182,406
2019 $7,482 $596,104 $417,274 $178,830
2018 $7,483 $584,417 $409,093 $175,324
2016 $6,881 $561,725 $393,208 $168,517
2015 $6,779 $553,288 $387,302 $165,986
2014 $6,697 $542,451 $379,716 $162,735
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P819530

California Regional Multiple Listing Service (CRMLS)

APN: 5359-023-001

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