NOT LISTED FOR SALE

1701 W Beverly Blvd Montebello, CA 90640

Montebello Area
11 Beds
6 Baths
4,904 Sq Ft
8,224 Sq Ft Lot

Sale Details

Date Sold: April 26, 2019

Last sale price $1,240,000 $253 Per Sq Ft

87 Days on Market

About This Home

As of April 2019

Presenting, a truly rare opportunity available For Sale situated in an A+ North Montebello Location. A chance to acquire 5 Units located directly across the street of Montebello City Hall, Police Department & Library. This property is being offered for sale for the First Time since being built (60 Years!). An Excellent Unit Mix of FOUR 2 Bed + 1 Bath Apartments and ONE 3 bed + 2 Bath Owner's Unit. Value-Add Opportunity Investment or a simple Exchange Upleg Purchase. All Apartment Units are separately metered for Gas & Electricity. Property consist of an On-Site Laundry Room with Landlord Owned Machines and Garages; Open Parking Spaces and is Not Subject to Rent Control. Interior of Select Units have been upgraded.

Last Agent to Sell the Property

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 10/23/2018

Last Buyer's Agent

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 10/23/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 8,224 Sq Ft Lot

Parking

  • 5 Car Garage

Interior Spaces

  • 4,904 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 6344-004-032

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

8,224 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 4904
  • Stories: 2
  • Year Built: 1958
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 270.19

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 5

Utilities

  • Cooling: Window Unit(s)
  • Electric Expense: 240.00
  • Heating: Wall
  • Water Expense: 4200.00

Fee Information

  • Gas Expense: 360.00
  • Insurance Expense: 1716.00
  • Maintenance Expense: 3303.00

Lot Info

  • Assessor Parcel Number: 6344-004-032
  • Geocode Override: No
  • Lot Size Area: 8224

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 19.86
  • Number Of Units: 5
  • Type Of Units: Apartments

Tax Info

  • Tax Expense: 21009.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2018
Closed on
Mar 15, 2019
Sold by
Bought by
Seller's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
Buyer's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
List Price
$1,650,000
Sold Price
$1,240,000
Premium/Discount to List
-$410,000
-24.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$868,000
Interest Rate
0.043%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 19, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
0.0343%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 10, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
0.0337%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 13, 2000
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,240,000 Fidelity National Title Co
-- Accommodation
-- First American Title Ins Co
-- First American Title Ins Co
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,455,000
Closed $868,000
Previous Owner $500,000
Previous Owner $500,000
Previous Owner $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/26/2019 04/26/19 Sold $1,240,000 -6.4% $253 / Sq Ft
01/18/2019 01/18/19 Pending -- -- --
11/15/2018 11/15/18 Price Changed $1,325,000 -19.7% $270 / Sq Ft
10/23/2018 10/23/18 For Sale $1,650,000 -- $336 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $22,973 $1,383,238 $968,268 $414,970
2024 $21,768 $1,356,117 $949,283 $406,834
2023 $21,677 $1,329,527 $930,670 $398,857
2022 $20,961 $1,303,459 $912,422 $391,037
2021 $20,198 $1,277,902 $894,532 $383,370
2019 $4,908 $153,750 $52,978 $100,772
2018 $4,833 $150,752 $51,940 $98,812
2016 $4,601 $144,131 $49,924 $94,207
2015 $4,397 $141,967 $49,175 $92,792
2014 $4,154 $678,064 $251,135 $426,929
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-399956

The MLS
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