NOT LISTED FOR SALE

1831 Encino Ave Monrovia, CA 91016

Estimated Value: $1,832,000 - $2,155,000

8 Beds
8 Baths
4,760 Sq Ft
$425/Sq Ft Est. Value

Sale Details

Date Sold: January 27, 2017

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

Est. 56% increase in value since last sale

Current estimated payment $12,705 / mo

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

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

Year Built

Built in 1977

Lot Details

6,696 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • 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

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
Jan 4, 2017
Closed on
Jan 20, 2017
Sold by
Bought by
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
$2,022,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$722,736
Avg. Annual Appreciation
4.82%

Purchase Details

Listed on
Jan 4, 2017
Closed on
Jan 19, 2017
Sold by
Bought by
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
Bought by

Purchase Details

Closed on
Dec 4, 2013
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
$720,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 16, 2011
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
$578,150
Interest Rate
4.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2004
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
$630,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 2004
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
$630,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2003
Sold by
Bought by

Purchase Details

Closed on
May 21, 2003
Sold by
Bought by

Purchase Details

Closed on
Mar 12, 2002
Sold by
Bought by

Purchase Details

Closed on
Dec 26, 2001
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
$373,500
Interest Rate
7.15%

Purchase Details

Closed on
Dec 19, 2001
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
$373,500
Interest Rate
7.15%

Purchase Details

Closed on
Sep 27, 1999
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
$270,200
Interest Rate
8.75%

Purchase Details

Closed on
Aug 18, 1994
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
$241,600
Interest Rate
8.65%

Purchase Details

Closed on
Jul 22, 1994
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
$241,600
Interest Rate
8.65%

Purchase Details

Closed on
Jul 29, 1993
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
-- Lawyers Title
$1,300,000 Lawyers Title
-- Lawyers Title
-- None Available
-- American Coast Title
-- Fidelity Van Nuys
-- Equity Title Company
-- Equity Title Company
$840,000 Equity Title Company
-- Equity Title Company
-- Equity Title Company
-- Equity Title Company
-- --
-- First American Title Co
$498,181 First American Title Co
$386,000 Southland Title
-- Orange Coast Title Company
$302,000 Orange Coast Title
-- --
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
Previous Owner $720,000
Previous Owner $578,150
Previous Owner $630,000
Previous Owner $373,500
Previous Owner $270,200
Previous Owner $241,600
Closed $63,600
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
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

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 $20,978 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16756186

California Regional Multiple Listing Service (CRMLS)

APN: 5780-015-032

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