NOT LISTED FOR SALE

1840 6th Ave Monrovia, CA 91016

Estimated Value: $1,545,000 - $2,013,000

9 Beds
5 Baths
3,580 Sq Ft
$517/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $1,420,000 $397 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $11,444/month

11 Days on Market

Highlights

  • 0.35 Acre Lot
  • Property is near public transit
  • Cooling System Mounted To A Wall/Window
  • Monrovia High School Rated A
  • Double Pane Windows
  • Laundry Room

About This Home

As of February 2020

This home is located at 1840 6th Ave, Monrovia, CA 91016 since 02 February 2020 and is currently estimated at $1,850,223, approximately $516 per square foot. This property was built in 1953. 1840 6th 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.

Last Agent to Sell the Property

Michael Shang

Pros Group Inc License #01386754 Listed on: 02/02/2020

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 72.3 x 210.36
  • 1 Common Wall
  • Rectangular Lot
  • Level Lot

Parking

  • 4 Car Garage
  • 8 Open Parking Spaces
  • 1 Carport Space
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway

Home Design

  • Quadruplex
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 3,580 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Property is near public transit
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 5
  • Tax Tract Number 7935
  • Assessor Parcel Number 5780015005

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $1,560
  • Insurance Expense $4,100
  • Maintenance Expense $2,500
  • New Taxes Expense $16,189
  • Operating Expense $24,501
  • Gross Income $75,660
  • Net Operating Income $51,159

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 3.68
  • Property Attached: Yes
  • Zoning: MORH*
  • Architectural Style: Ranch
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1560.00
  • Parcel Number: 5780015005
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 396.65
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Block

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Asphalt, Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 13.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit
  • Lot Size: 72.3 x 210.36
  • Lot Size Sq Ft: 15165.00
  • Lot Size Acres: 0.3481

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 75660.00
  • Gross Scheduled Income: 75660.00
  • Insurance Expense: 4100.00
  • Lot Size Area: 15165.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Net Operating Income: 51159.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 24501.00
  • Rent Control: Yes
  • Total Actual Rent: 6305.00
  • Total Expenses: 24501.00

Tax Info

  • New Taxes Expense: 16189.00
  • Tax Census Tract: 4309.02
  • Tax Lot: 5
  • Tax Tract Number: 7935

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2020
Sold by
Allnew Global Inc
Bought by
Morningside Capital Llc
Current Estimated Value
$1,850,223

Purchase Details

Listed on
Feb 2, 2020
Closed on
Feb 14, 2020
Sold by
Ng Richard Mon San and Ng Janet Yuan
Bought by
Allnew Global Inc
Seller's Agent
Michael Shang
Pros Group Inc
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,388,000
Sold Price
$1,420,000
Premium/Discount to List
$32,000
2.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.60%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Morningside Capital Llc -- Accommodation
Allnew Global Inc $1,420,000 Lawyers Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2020 02/28/20 Sold $1,420,000 +2.3% $397 / Sq Ft
02/13/2020 02/13/20 Pending -- -- --
02/02/2020 02/02/20 For Sale $1,388,000 -- $388 / 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 $21,224 $1,552,974 $1,093,645 $459,329
2024 $21,224 $1,522,524 $1,072,201 $450,323
2023 $20,748 $1,492,672 $1,051,178 $441,494
2022 $20,157 $1,463,405 $1,030,567 $432,838
2021 $19,779 $1,434,711 $1,010,360 $424,351
2020 $3,909 $204,409 $85,849 $118,560
2019 $3,555 $200,402 $84,166 $116,236
2018 $3,226 $196,473 $82,516 $113,957
2016 $3,074 $188,846 $79,313 $109,533
2015 $3,014 $186,010 $78,122 $107,888
2014 $3,001 $182,367 $76,592 $105,775
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS20020814

California Regional Multiple Listing Service (CRMLS)

APN: 5780-015-005