NOT LISTED FOR SALE

1831 Encino Ave Monrovia, CA 91016

Estimated Value: $1,798,000 - $2,385,000

8 Beds
8 Baths
4,760 Sq Ft
$424/Sq Ft Est. Value

Last Sold January 27, 2017

Last sale price $1,300,000 $273 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $12,611/month

13 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Forced Air Heating and Cooling System
  • Monrovia High School Rated A

About This Home

As of January 2017

RARE INVESTMENT OPPORTUNITY! This 4 unit profit producing property is minutes from the Old Town Monrovia's shopping, dinning and entertainment, rapid transit. A Short distance from the NEWLY EXPANDED GOLD METRO LINE, 210 FWY and Santa Anita Golf Course. On a tree lined street. Three of the units are townhouse style with bedrooms upstairs. Unit (A) features Wood floors downstairs, a Fireplace, 2 bedrooms plus a large loft/den/family room that with built ins that could be a 3rd bedroom, Balcony off the Master bd, 2 full baths upstairs & 1/2 bath downstairs plus a large patio off the living room and attached 2 car garage. The other 2 Units B and C, each have 2 bed/1.5 baths (1/2 bath downstairs)and each have their own large patios. Unit B has 2 car ports. Unit D has 2 bed/1bath & 1 carport. A large drive way allowing more room for parking. Additional separate Laundry room behind the building. All units are currently tenant occupied. Room for increased rental income. Each unit is separately metered.
Current Gross Rental Income $74,000. Tenants pay for Electricity & Gas. Owner pays water, trash and common area utilities.
Water heater is one year old. HVAC system is only 3 yrs old. Fresh Exterior paint. Plenty of storage on each unit.
Buyer and their Agent to verify all information.

Last Agent to Sell the Property

Shayda Hojjatpanah

Real Broker License #01044976 Listed on: 01/04/2017

Real Broker

Co-Listed By

Henry Panah

JohnHart Corp. License #01914315

JohnHart Corp.

Last Buyer's Agent

Henry Panah

JohnHart Corp. License #01914315

JohnHart Corp.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,469

Year Built

  • Built in 1977

Lot Details

  • 6,696 Sq Ft Lot
  • No Common Walls
  • Front Yard Sprinklers

Parking

  • 2 Car Garage
  • 4 Carport Spaces

Home Design

  • 4,760 Sq Ft Home

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Central Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 2
  • Assessor Parcel Number 5780015032

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $260
  • Gardener Expense $1,100
  • Insurance Expense $2,313
  • Other Expense $3,684
  • Trash Expense $2,059
  • Water Sewer Expense $1,665
  • Gross Income $74,000
  • Net Operating Income $49,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,469

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Other Phone Description: 818-414-4111
  • Other Phone Number: 949-351-4217
  • Property Attached: No
  • Water Sewer Expenses: 1665.00
  • Zoning: MORH*
  • Property Type: Residential Income
  • Gardener Expense: 1100.00
  • Parcel Number: 5780015032
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 273.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Water Heater Central
  • Electric: Standard
  • Heating Type: Forced Air
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2059.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 6696.00

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 1483 Square Feet
  • Electric Expense: 260.00
  • Gross Income: 74000.00
  • Gross Scheduled Income: 74000.00
  • Insurance Expense: 2313.00
  • Net Operating Income: 49000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 24500.00
  • Other Expense: 3684.00
  • Other Expense Description: Mgmnt
  • Rent Control: No

Tax Info

  • Tax Census Tract: 4309.02
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2017
Closed on
Jan 20, 2017
Sold by
Hwang Avisa Demehri
Bought by
Hwang William Been
Seller's Agent
Shayda Hojjatpanah
Real Broker
Buyer's Agent
Henry Panah
JohnHart Corp.
List Price
$1,149,000
Sold Price
$1,300,000
Premium/Discount to List
$151,000
13.14%
Current Estimated Value
$2,017,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$717,031
Avg. Annual Appreciation
5.13%

Purchase Details

Listed on
Jan 4, 2017
Closed on
Jan 19, 2017
Sold by
Hwang William Been
Bought by
Cwa Llc
Seller's Agent
Shayda Hojjatpanah
Real Broker
Buyer's Agent
Henry Panah
JohnHart Corp.
List Price
$1,149,000
Sold Price
$1,300,000
Premium/Discount to List
$151,000
13.14%

Purchase Details

Closed on
Jul 6, 2015
Sold by
Hwang David Yin
Bought by
Hwang David Yin and Hwang William Been

Purchase Details

Closed on
Dec 4, 2013
Sold by
Hwang David
Bought by
Hwang David and Hwang Julia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 16, 2011
Sold by
Hwang Julia Lee
Bought by
Hwang David Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$578,150
Interest Rate
4.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2004
Sold by
Thompson William H and Thompson Anita F
Bought by
Thompson Anita F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 2004
Sold by
Thompson Anita F
Bought by
Hwang David Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2003
Sold by
Thompson Anita F
Bought by
Thompson William H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,000
Interest Rate
5.53%
Mortgage Type
Unknown

Purchase Details

Closed on
May 21, 2003
Sold by
Thompson William H
Bought by
Thompson Anita F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,000
Interest Rate
5.53%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 12, 2002
Sold by
Thompson Anita F
Bought by
Thompson William H

Purchase Details

Closed on
Dec 26, 2001
Sold by
Thompson William
Bought by
Thompson Anita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,500
Interest Rate
7.15%

Purchase Details

Closed on
Dec 19, 2001
Sold by
Picker Charles E
Bought by
Thompson Anita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,500
Interest Rate
7.15%

Purchase Details

Closed on
Sep 27, 1999
Sold by
Trust Cambon Thomas E And Donnal Trs Cam
Bought by
Picker Charles E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,200
Interest Rate
8.75%

Purchase Details

Closed on
Aug 18, 1994
Sold by
Cambon Thomas E and Cambon Donna Lee
Bought by
Cambon Thomas E and Cambon Donna Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,600
Interest Rate
8.65%

Purchase Details

Closed on
Jul 22, 1994
Sold by
Dooley Carol and The Patricia Bell Dooley Revoc
Bought by
Cambon Thomas E and Cambon Donna Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,600
Interest Rate
8.65%

Purchase Details

Closed on
Jul 29, 1993
Sold by
Dooley Patricia
Bought by
Dooley Patricia Bell and Patricia Bell Dooley Revocable Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hwang William Been -- Lawyers Title
Cwa Llc $1,300,000 Lawyers Title
Hwang David Yin -- Lawyers Title
Hwang David Yin -- None Available
Hwang David -- American Coast Title
Hwang David Y -- Fidelity Van Nuys
Thompson Anita F -- Equity Title Company
Thompson Anita F -- Equity Title Company
Hwang David Y $840,000 Equity Title Company
Thompson William H -- Equity Title Company
Thompson Anita F -- Equity Title Company
Thompson Anita F -- Equity Title Company
Thompson William H -- --
Thompson Anita -- First American Title Co
Thompson Anita $498,181 First American Title Co
Picker Charles E $386,000 Southland Title
Cambon Thomas E -- Orange Coast Title Company
Cambon Thomas E $302,000 Orange Coast Title
Dooley Patricia Bell -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cwa Llc $550,000
Previous Owner Hwang David $720,000
Previous Owner Hwang David Y $578,150
Previous Owner Hwang David $150,000
Previous Owner Hwang David Y $630,000
Previous Owner Thompson Anita F $379,000
Previous Owner Thompson Anita $373,500
Previous Owner Picker Charles E $32,000
Previous Owner Picker Charles E $31,000
Previous Owner Picker Charles E $270,200
Previous Owner Cambon Thomas E $241,600
Closed Picker Charles E $63,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2017 01/27/17 Sold $1,300,000 +13.1% $273 / Sq Ft
01/17/2017 01/17/17 Pending -- -- --
01/04/2017 01/04/17 For Sale $1,149,000 -- $241 / 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 $20,469 $1,508,756 $603,501 $905,255
2024 $20,469 $1,479,173 $591,668 $887,505
2023 $20,006 $1,450,170 $580,067 $870,103
2022 $19,430 $1,421,737 $568,694 $853,043
2021 $19,040 $1,393,861 $557,544 $836,317
2019 $18,137 $1,352,920 $541,008 $811,912
2018 $17,747 $1,326,400 $530,400 $796,000
2016 $13,503 $989,087 $434,492 $554,595
2015 $13,213 $974,231 $427,966 $546,265
2014 -- $955,148 $419,583 $535,565
Source: Public Records

Agents Affiliated with this Home

  • Shayda Hojjatpanah

    Seller's Agent in 2017

    Shayda Hojjatpanah

    Real Broker

    (949) 351-4217

    7 Total Sales

    Shayda Hojjatpanah
    Section Image

  • H

    Seller Co-Listing Agent in 2017

    Henry Panah

    JohnHart Corp.

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16756186

California Regional Multiple Listing Service (CRMLS)

APN: 5780-015-032

California Los Angeles County Monrovia 91016

1831 Encino Ave, Monrovia, CA

This home is located at 1831 Encino Ave, Monrovia, CA 91016 since 04 January 2017 and is currently estimated at $2,017,031, approximately $423 per square foot. This property was built in 1977. 1831 Encino Ave is a home located in Los Angeles County with nearby schools including Wild Rose Elementary School, Santa Fe Computer Science Magnet, and Monrovia High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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

Nearby Homes