Seller's Agent in 2025
Shumei Kam
High Ten Partners, Inc.
(626) 289-6660
9 in this area
27 Total Sales
189 N Nicholson Ave Monterey Park, CA 91755
30
Beds
20
Baths
15,086
Sq Ft
0.78
Acres
Highlights
- Community Stables
- 0.78 Acre Lot
- Laundry Room
- Repetto Elementary School Rated A-
- Cooling System Powered By Gas
About This Home
As of September 202110 units of PUD income property located at 189-207 N. Nicholson Ave. in close proximity to markets, banks , restaurants and shopping district. The property has individual parcels for each unit. All needed is to obtain or renew the final public report to complete the subdivision for individual sale by the new owner in the future. The property will be sold as a whole subject to the current tenancies which are on month-month. All units have 3br/2.5ba with a master bedroom. Laminated wood flooring in most of the units.
Per the assessor, 4 units of the complex have a living space of 1394 sq.ft. with 2 car garage and the rest of the 6 units have 1,585 sq.ft of living space with 3 car garage. All have the lot size of 3,419 sq.ft. each. In addition, there are 12 open parking spaces next to the units.
The current fee for the HOA is $275 per month for each unit.
Please don't disturb the occupants. The sale will be subject to the inspection.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,925
Year Built
- Built in 1989
Lot Details
- 0.78 Acre Lot
- No Common Walls
- Density is 6-10 Units/Acre
- 5255-017-(087,088,089,090,091,092,093,094,095)
Parking
- 2 Car Garage
Home Design
- Planned Development
- Tile Roof
Interior Spaces
- 15,086 Sq Ft Home
- Laminate Flooring
Bedrooms and Bathrooms
- 30 Bedrooms
- All Upper Level Bedrooms
- 20 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Utilities
- Cooling System Powered By Gas
- Central Air
Listing and Financial Details
- Assessor Parcel Number 5255017086
Community Details
Overview
- Property has a Home Owners Association
- 2 Buildings
- 10 Units
- Nicholson Villa Association
Recreation
- Community Stables
Building Details
- 11 Separate Electric Meters
- 10 Separate Gas Meters
- 11 Separate Water Meters
- Electric Expense $185
- Gardener Expense $3,970
- Insurance Expense $3,738
- Maintenance Expense $2,103
- Other Expense $500
- Trash Expense $5,544
- Water Sewer Expense $5,444
- New Taxes Expense $75,000
- Operating Expense $96,653
- Gross Income $302,400
- Net Operating Income $205,747
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 7, 2021
Closed on
Aug 27, 2021
Sold by
Satomi Motoi and Satomi Aya
Bought by
Kam Peter M and Kam Shumei
Seller's Agent
Tony Chen
CANDET PROPERTIES, INC.
Buyer's Agent
Tony Chen
CANDET PROPERTIES, INC.
Sold Price
$2,790
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-41.07%
Original Mortgage
$3,500,000
Outstanding Balance
$3,219,249
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
-$2,410,004
Purchase Details
Listed on
Oct 7, 2021
Closed on
Aug 26, 2021
Sold by
Plw X General Partnership
Bought by
Satomi Motoi and Satomi Aya
Seller's Agent
Tony Chen
CANDET PROPERTIES, INC.
Buyer's Agent
Tony Chen
CANDET PROPERTIES, INC.
Sold Price
$2,790
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Outstanding Balance
$3,219,249
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
-$2,410,004
Purchase Details
Closed on
Aug 31, 2017
Sold by
Satomi Motoi
Bought by
Plw X General Partnership
Purchase Details
Closed on
Sep 1, 1993
Sold by
Tai Meng Teng
Bought by
Satomi Motoi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.09%
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $6,200,000 | Provident Title Company | |
| Grant Deed | -- | Provident Title Company | |
| Grant Deed | $220,000 | Stewart | |
| Grant Deed | -- | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,500,000 | Commercial | |
| Previous Owner | $125,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | For Sale | $817,500 | 0.0% | $581 / Sq Ft |
| 10/18/2021 10/18/21 | Rented | $2,790 | -8.5% | -- |
| 10/07/2021 10/07/21 | For Rent | $3,050 | 0.0% | -- |
| 09/10/2021 09/10/21 | Sold | $6,200,000 | -3.0% | $411 / Sq Ft |
| 06/11/2021 06/11/21 | Pending | -- | -- | -- |
| 05/20/2021 05/20/21 | For Sale | $6,390,000 | -- | $424 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $7,925 | $596,045 | $356,753 | $239,292 |
| 2023 | $7,765 | $584,358 | $349,758 | $234,600 |
| 2022 | $7,396 | $572,900 | $342,900 | $230,000 |
| 2021 | $7,513 | $578,147 | $115,629 | $462,518 |
| 2020 | $7,470 | $572,220 | $114,444 | $457,776 |
| 2019 | $7,245 | $561,000 | $112,200 | $448,800 |
| 2018 | $7,236 | $550,000 | $110,000 | $440,000 |
| 2016 | $3,107 | $233,293 | $59,573 | $173,720 |
| 2015 | $3,059 | $229,790 | $58,679 | $171,111 |
| 2014 | $3,023 | $225,290 | $57,530 | $167,760 |
Source: Public Records
Agents Affiliated with this Home
-
Shumei Kam
-
T.Y. Hsu
T
Seller's Agent in 2021
T.Y. Hsu
IDEAL REALTY
(626) 289-8888
1 in this area
2 Total Sales
-
Tony Chen
T
Seller's Agent in 2021
Tony Chen
CANDET PROPERTIES, INC.
(626) 281-9338
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS21087810
APN: 5255-017-087
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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
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