Seller's Agent in 2022
Jag Singh
Keller Williams - Eagle Rock
(626) 331-1234
1 in this area
44 Total Sales
1617 Encino Ave Monrovia, CA 91016
Estimated Value: $1,373,000 - $2,208,000
9
Beds
7
Baths
3,759
Sq Ft
$470/Sq Ft
Est. Value
Highlights
- Laundry Room
- Garden
- Central Heating
- Monrovia High School Rated A
About This Home
As of February 20221617 Encino Ave, a 4-unit multifamily property located in Monrovia, CA. The property boasts an excellent unit mix with upside rental potential: (1) 3B+1.5B, (2) 2B+1.5B and (1) 2B+1B. All the units are separately metered for gas and electric and have wall A/C units. Built in 1963, the property features 6 onsite parking spots. 1617 Encino Ave is on a lovely residential street bordering Arcadia, CA. The property is close to local elementary, middle, and high schools, as well as amenities such as parks, grocery stores, and local eateries.
Last Agent to Sell the Property
Keller Williams - Eagle Rock License #01886951 Listed on: 09/28/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,942
Year Built
- Built in 1963
Lot Details
- 0.3 Acre Lot
- 1 Common Wall
- Garden
- Front Yard
Parking
- 2 Car Garage
Home Design
- Property Attached
Interior Spaces
- 3,759 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Utilities
- Central Heating
Listing and Financial Details
- Legal Lot and Block 8507 / 37
- Tax Tract Number 0
- Assessor Parcel Number 8507019059
- $1,524 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $320
- Gardener Expense $600
- Insurance Expense $1,840
- Trash Expense $1,560
- Water Sewer Expense $1,560
- Operating Expense $49,925
- Gross Income $83,088
- Net Operating Income $49,925
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 28, 2021
Closed on
Dec 22, 2021
Sold by
Svpp Properties Llc
Bought by
Ding & Ming Square Llc
Seller's Agent
Jag Singh
Keller Williams - Eagle Rock
List Price
$1,750,000
Sold Price
$1,675,000
Premium/Discount to List
-$75,000
-4.29%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,728
Avg. Annual Appreciation
3.57%
Original Mortgage
$580,000
Outstanding Balance
$537,918
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$1,362,347
Purchase Details
Closed on
Aug 8, 2019
Sold by
Johnson Douglas C and Johnson Stephen D
Bought by
Svpp Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,450,000
Interest Rate
3.7%
Mortgage Type
Construction
Purchase Details
Closed on
May 15, 2018
Sold by
Johnson Douglas C and Johnson Stephen D
Bought by
Johnson Douglas C and Johnson Stephen D
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ding & Ming Square Llc | $1,675,000 | Fidelity National Title | |
| Svpp Properties Llc | $3,165,000 | Fidelity National Title Co | |
| Johnson Douglas C | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ding & Ming Square Llc | $580,000 | |
| Previous Owner | Svpp Properties Llc | $1,450,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/04/2022 02/04/22 | Sold | $1,675,000 | -4.3% | $446 / Sq Ft |
| 11/29/2021 11/29/21 | Pending | -- | -- | -- |
| 09/28/2021 09/28/21 | For Sale | $1,750,000 | -- | $466 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $23,942 | $1,777,521 | $1,332,876 | $444,645 |
| 2024 | $23,942 | $1,742,669 | $1,306,742 | $435,927 |
| 2023 | $23,400 | $1,708,500 | $1,281,120 | $427,380 |
| 2022 | $20,444 | $1,494,321 | $597,728 | $896,593 |
| 2021 | $20,044 | $1,465,021 | $586,008 | $879,013 |
| 2020 | $19,437 | $1,450,000 | $580,000 | $870,000 |
| 2019 | $2,863 | $108,996 | $17,553 | $91,443 |
| 2018 | $2,653 | $106,859 | $17,209 | $89,650 |
| 2016 | $2,530 | $102,712 | $16,542 | $86,170 |
| 2015 | $2,488 | $101,170 | $16,294 | $84,876 |
| 2014 | $2,495 | $99,189 | $15,975 | $83,214 |
Source: Public Records
Agents Affiliated with this Home
-
Jag Singh
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR21215628
APN: 8507-019-059
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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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