$1,800,000
SOLD FEB 20, 2024

1710 S 5th Ave Monrovia, CA 91016

9 Beds
5 Baths
3,430 Sq Ft
0.35 Acres

Recently Sold

$525 Per Sq Ft

4% Below List Price

Highlights

  • 0.35 Acre Lot
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Monrovia High School Rated A
  • 6 Car Direct Access Garage
  • Laundry Room

About This Home

As of February 2024

SOLD BEFORE PROCESSING. Front building consist of 2 units, unit A & B each with 2 bedroom, 1 bathroom, 1 car attached garage, laundry in garage, central air/heat and new exterior paint and roof. Middle building unit C, consist of 3 bedrooms, 1.75 bathrooms, 2 car attached garage, window a/c, wall heater and new exterior paint and roof. 3rd building in the rear unit D, consist of a full interior remodel, with new plumbing, new electrical, 2 bedrooms, 1 bathroom, window a/c, wall heater, indoor laundry, new windows, new laminate flooring, new recessed lighting, updated kitchen and bathroom, 2 car detached garage. Unit A, B & C with long term tenants, Unit D currently vacant.

Last Agent to Sell the Property

Cesar Carrillo

Coldwell Banker Realty License #01272108 Listed on: 02/16/2024

Coldwell Banker Realty

Co-Listed By

Jim Lek

KO TAI REALTY License #00696204

Last Buyer's Agent

Ash Rizk

Coldwell Banker Realty License #01503342

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,635

Year Built

  • Built in 1954

Lot Details

  • 0.35 Acre Lot
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 6 Car Direct Access Garage
  • Parking Available
  • Single Garage Door
  • Driveway
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 3,430 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Tract Number 4309
  • Assessor Parcel Number 8507019046
  • Tax Block 36
  • $1,677 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $31
  • Gardener Expense $1,820
  • Insurance Expense $1,799
  • Maintenance Expense $2,395
  • Professional Management Expense $3,050
  • Trash Expense $1,294
  • Water Sewer Expense $2,836
  • Operating Expense $13,223
  • Gross Income $62,924
  • Net Operating Income $51,332

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,635

Year Built

Built in 1954

Lot Details

0

Parking

6

Listing Details

  • Price Per Unit: 470000
  • Professional Management Expense: 3049.50
  • Property Attached: Yes
  • Water Sewer Expenses: 2835.70
  • Zoning: MORM*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1820.00
  • Parcel Number: 8507019046
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 524.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Direct Garage Access, Driveway, Garage, Garage - Single Door
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: In Garage, In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 1293.90
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 15204.00
  • Lot Size Acres: 0.3490

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Fuel Expense: 30.53
  • Gross Income: 62923.90
  • Gross Scheduled Income: 62924.00
  • Insurance Expense: 1799.00
  • Lot Size Area: 15204.0000 Square Feet
  • Maintenance Expense: 2395.00
  • Net Operating Income: 51331.94
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 4327.51
  • Rent Control: No
  • Total Actual Rent: 6390.00
  • Total Expenses: 13223.13

Tax Info

  • Tax Block: 36
  • Tax Census Tract: 4309.02
  • Tax Tract Number: 4309
  • TaxOtherAnnualAssessmentAmount: 1677.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2024
Closed on
Jan 22, 2024
Sold by
Malachi Investments Llc
Bought by
Nassif Family Trust and Nassif
Seller's Agent
Cesar Carrillo
Coldwell Banker Realty
Buyer's Agent
Ash Rizk
Coldwell Banker Realty
List Price
$1,880,000
Sold Price
$1,800,000
Premium/Discount to List
-$80,000
-4.26%
Views
6
Current Estimated Value
$1,886,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,523
Avg. Annual Appreciation
3.36%
Original Mortgage
$800,000
Outstanding Balance
$789,766
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$1,096,757

Purchase Details

Closed on
Mar 8, 2012
Sold by
Mosallaie Mansoor
Bought by
Malachi Investment Llc

Purchase Details

Closed on
Aug 29, 2006
Sold by
Mosallie Mansoor and Kassai Sepideh
Bought by
Mosallie Mansoor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$829,600
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2006
Sold by
Cclh Llc
Bought by
Mosallaie Mansoor and Kassai Sepideh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$829,600
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2006
Sold by
Chen Julia T and Chen Jimmy C
Bought by
Cclh Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$686,000
Interest Rate
6.31%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 28, 2005
Sold by
Gilbreath Beth Ann
Bought by
Chen Julia T and Chen Jimmy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$686,000
Interest Rate
6.31%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 20, 2002
Sold by
Gilbreath Jim M and Gilbreath Beth Ann
Bought by
Gilbreath Beth Ann

Purchase Details

Closed on
Jul 2, 1998
Sold by
Kleitz Family Trust and Ada L
Bought by
Gilbreath Jim M and Gilbreath Beth Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.88%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,800,000 Equity Title Company
Grant Deed $820,000 North American Title Company
Interfamily Deed Transfer -- Chicago Title Co
Grant Deed $1,037,000 Chicago Title Co
Grant Deed -- None Available
Grant Deed $915,000 Chicago Title Company
Interfamily Deed Transfer -- --
Individual Deed $275,000 First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $800,000 New Conventional
Previous Owner $829,600 New Conventional
Previous Owner $686,000 Fannie Mae Freddie Mac
Previous Owner $40,000 Credit Line Revolving
Previous Owner $46,900 Unknown
Previous Owner $220,000 No Value Available
Previous Owner $220,000 No Value Available
Closed $27,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2024 02/20/24 Sold $1,800,000 -4.3% $525 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
02/16/2024 02/16/24 For Sale $1,880,000 -- $548 / 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
2024 $14,635 $1,009,761 $615,709 $394,052
2023 $14,314 $989,963 $603,637 $386,326
2022 $13,916 $970,552 $591,801 $378,751
2021 $13,644 $951,523 $580,198 $371,325
2020 $13,249 $941,767 $574,249 $367,518
2019 $13,024 $923,302 $562,990 $360,312
2018 $12,556 $905,199 $551,951 $353,248
2016 $12,073 $870,051 $530,519 $339,532
2015 $11,815 $856,983 $522,551 $334,432
2014 $11,711 $840,196 $512,315 $327,881
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR24033550

California Regional Multiple Listing Service (CRMLS)

APN: 8507-019-046