NOT LISTED FOR SALE

1793 Wilcox Ave Monterey Park, CA 91755

Estimated Value: $1,598,000 - $2,094,663

9 Beds
5 Baths
4,352 Sq Ft
$434/Sq Ft Est. Value

Last Sold January 16, 2015

Last sale price $1,110,000 $255 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $11,680/month

21 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Rectangular Lot
  • Property is near public transit
  • Wrought Iron Fence
  • 2-minute walk to Edison Trails Park

About This Home

As of January 2015

4-Unit Investor Opportunity in Monterey Park. Front owner's unit has a single story floor plan of 3 bedrooms, 2 baths. There is a large living w/fireplace and it's own front yard. The other 3 units are 2 br., 1.5 bath, with their own front patios and provide a steady rental income. Property is surrounded with mature plant that provide a lot of privacy. this is a Trust Sale with no court confirmation required Sale is "as-is" with no termite work by Seller.

Last Agent to Sell the Property

DAN FERNANDEZ

D & L REALTY & INVESTMENTS License #00842591 Listed on: 11/10/2014

Last Buyer's Agent

Becky Chen

Re/Max Premier Prop Arcadia License #01019588

Re/Max Premier Prop Arcadia

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,650

Year Built

  • Built in 1977

Lot Details

  • 8,153 Sq Ft Lot
  • No Units Located Below
  • Two or More Common Walls
  • Wrought Iron Fence
  • Rectangular Lot
  • Paved or Partially Paved Lot

Home Design

  • Contemporary Architecture
  • Property Attached
  • Stucco

Interior Spaces

  • 4,352 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Parking

  • 7 Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 26
  • Tax Tract Number 31231
  • Assessor Parcel Number 5274022026

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $672
  • Gardener Expense $780
  • Insurance Expense $1,585
  • Trash Expense $1,350
  • Water Sewer Expense $1,350
  • New Taxes Expense $11,890
  • Gross Income $5,725
  • Net Operating Income $54,468

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,650

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1350.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 5274022026
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls, No One Below
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 255.06

Exterior Features

  • Fencing: Wrought Iron
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Trash Expense: 1350.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Rectangular Lot, Paved, Near Public Transit
  • Lot Size Sq Ft: 8153.00
  • Lot Size Acres: 0.1870

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 672.00
  • Gross Income: 5725.00
  • Gross Multiplier: 16.00
  • Gross Scheduled Income: 68700.00
  • Gross Spendable Income: 68700.00
  • Insurance Expense: 1585.00
  • Lot Size Area: 8153.0000 Square Feet
  • Net Operating Income: 54468.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Operating Expense: 13200.00
  • Rent Control: No
  • Total Actual Rent: 5725.00

Tax Info

  • New Taxes Expense: 11890.00
  • Tax Lot: 26
  • Tax Tract Number: 31231
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2017
Sold by
Anderson Richard Louis
Bought by
6916 Corbin Group Llc
Current Estimated Value
$1,888,166

Purchase Details

Listed on
Nov 10, 2014
Closed on
Dec 15, 2014
Sold by
Ma Ying Hay
Bought by
Anderson Richard Louis and Tse Manchun Marina
Seller's Agent
DAN FERNANDEZ
D & L REALTY & INVESTMENTS
Buyer's Agent
Becky Chen
Re/Max Premier Prop Arcadia
List Price
$1,100,000
Sold Price
$1,110,000
Premium/Discount to List
$10,000
0.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.79%
Original Mortgage
$801,950
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2014
Sold by
Ma Ying Sau
Bought by
Ma Ying Hay and Kuen Ma Miriam Ying
Source: Public Records

Range of Values:

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Average Value
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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
6916 Corbin Group Llc -- None Available
Anderson Richard Louis $1,110,000 Title 365
Ma Ying Hay -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Anderson Richard Louis $801,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2015 01/16/15 Sold $1,110,000 +0.9% $255 / Sq Ft
12/01/2014 12/01/14 Pending -- -- --
11/10/2014 11/10/14 For Sale $1,100,000 -- $253 / 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 $17,650 $1,334,043 $533,616 $800,427
2024 $17,650 $1,307,886 $523,153 $784,733
2023 $17,698 $1,282,243 $512,896 $769,347
2022 $17,099 $1,257,102 $502,840 $754,262
2021 $16,514 $1,232,454 $492,981 $739,473
2019 $15,876 $1,195,901 $478,360 $717,541
2018 $16,222 $1,172,453 $468,981 $703,472
2016 $15,512 $1,126,927 $450,771 $676,156
2015 $8,030 $587,213 $117,779 $469,434
2014 $7,935 $575,711 $115,472 $460,239
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14239378

California Regional Multiple Listing Service (CRMLS)

APN: 5274-022-026