NOT LISTED FOR SALE

195 N Nicholson Ave Monterey Park, CA 91755

Estimated Value: $827,000 - $863,000

3 Beds
3 Baths
1,585 Sq Ft
0.78 Acres

Highlights

  • City Lights View
  • 0.78 Acre Lot
  • Granite Countertops
  • Repetto Elementary School Rated A-
  • Dual Staircase
  • No HOA

About This Home

As of November 2021

Upgraded 3 Bedroom and 2-1/2 Bath Condo for rent in City of Monterey Park. Located in the heart of Downtown Monterey Park, next to Garvey Ave and Garfield Ave. Walking distance to Supermarket, Bakery, Restaurants and Transportation on Garvey Ave. Unit Features: Central Air Conditioning, Granite countertops, Fireplace, Skylight, Double Pane Windows, Laminated/Tile Flooring, Walk-in Closet, Mirror Closet Doors, Double Sinks, Bay Windows, Laundry Hook-ups, Individual Broiler, Enclosed Backyard, Storage Space and 3-Car Attached Garage. One Additional Parking Space Available for $40 per month. Pets Allowed (Maximum of 2 with Deposit and Breed Restricted). Water and Trash Included. Assigned Schools: Repetto Elementary School (Score: 8/10); Mark Keppel High (Score: 9/10) No Sublease, No Short Term Rentals, No Home Sharing, No Home Motel, or including but not limited to Airbnb, VRBO, and etc.

Last Agent to Rent the Property

Tony Chen

CANDET PROPERTIES, INC. License #00924710 Listed on: 10/07/2021

Last Renter's Agent

Tony Chen

CANDET PROPERTIES, INC. License #00924710 Listed on: 10/07/2021

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,970

Year Built

  • Built in 1989

Lot Details

  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 1,585 Sq Ft Home
  • Dual Staircase
  • Gas Fireplace
  • Double Pane Windows
  • Blinds
  • Bay Window
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • City Lights Views

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Range
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • 3 Full Bathrooms
  • Granite Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level
  • Washer and Gas Dryer Hookup

Home Security

Outdoor Features

  • Concrete Porch or Patio
  • Exterior Lighting

Schools

  • Repetto Elementary School
  • Mark Keppel High School

Utilities

  • Central Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Security Deposit $3,150
  • Rent includes sewer, trash collection, water
  • 24-Month Minimum Lease Term
  • Available 10/7/21
  • Tax Lot 1
  • Tax Tract Number 46603
  • Assessor Parcel Number 5255017093

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Pet Policy

  • Pet Deposit $500
  • Dogs and Cats Allowed
  • Breed Restrictions

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$8,970

Year Built

Built in 1989

Lot Details

0

Parking

3

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2021-10-07
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 100
  • Deposit Pets: 500
  • Deposit Security: 3150
  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions, Cats OK, Dogs OK
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Multi Family
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: MPR3*
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 5255017093
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1585.00 Square Feet
  • Interior Amenities: 2 Staircases, Granite Counters
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, In Kitchen
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 1.99
  • Room Type: All Bedrooms Up
  • Window Features: Bay Window(s), Blinds, Double Pane Windows
  • Bathroom Features: Bathtub, Shower In Tub, Double Sinks In Master Bath, Exhaust Fan(s), Granite Counters
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • View: City Lights
  • Patio And Porch Features: Concrete
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Water Heater, Water Line to Refrigerator
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside, Upper Level, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Alhambra
  • Elementary School: Repetto
  • High School: Mark Keppel
  • Elementary School: Repetto
  • High School: Mark Keppel
  • Elementary School #2: REPET
  • High School2: MARKEP

Lot Info

  • Additional Parcels: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 33942.00
  • Lot Size Acres: 0.7792

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 24 Months
  • Lot Size Area: 33942.0000 Square Feet
  • Number Of Units In Community: 10
  • Number Of Units Total: 10
  • Rent Includes: Sewer, Trash Collection, Water

Tax Info

  • Tax Census Tract: 4817.11
  • Tax Lot: 1
  • Tax Tract Number: 46603

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2021
Sold by
Satomi Motoi and Satomi Aya
Bought by
Kam Peter M and Kam Shumei
Current Estimated Value
$841,165

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
$3,191,674
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
-$2,343,400

Purchase Details

Closed on
Aug 26, 2021
Sold by
Plw X General Partnership
Bought by
Satomi Motoi and Satomi Aya

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
$3,191,674
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
-$2,343,400

Purchase Details

Closed on
Sep 27, 2017
Sold by
Wu Sylvia P
Bought by
Plw X General Partnership
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
Kam Peter M $6,200,000 Provident Title Company
Satomi Motoi -- Provident Title Company
Plw X General Partnership $220,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kam Peter M $3,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2021 11/02/21 Rented $3,150 0.0% --
10/07/2021 10/07/21 For Rent $3,150 -- --
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 $8,970 $691,270 $425,968 $265,302
2024 $8,970 $677,716 $417,616 $260,100
2023 $8,789 $664,428 $409,428 $255,000
2022 $8,371 $651,400 $401,400 $250,000
2021 $7,784 $599,171 $115,629 $483,542
2020 $7,739 $593,028 $114,444 $478,584
2019 $7,507 $581,400 $112,200 $469,200
2018 $7,500 $570,000 $110,000 $460,000
2016 $4,350 $335,188 $115,483 $219,705
2015 $4,282 $330,154 $113,749 $216,405
2014 $4,226 $323,687 $111,521 $212,166
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21221601

California Regional Multiple Listing Service (CRMLS)

APN: 5255-017-093