NOT LISTED FOR SALE
11 Beds
7 Baths
6,306 Sq Ft
0.27 Acre Lot

Sale Details

Date Sold: March 14, 2018

Last sale price $2,250,000 $357 Per Sq Ft

7 Days on Market

Highlights

  • Landscaped
  • Ynez Elementary School Rated A-
  • Laundry Facilities

About This Home

As of March 2018

Great property located in Monterey Park. 10 bedroom 7 bath rental income property. Prime location close to supermarkets, restaurants, schools and department stores. Please drive by for viewing. One 3 bedroom/2 bath, 3 units have 2 bedrooms/1.5 bath, 2 units have 1 bedroom/1 bath. Each unit has 1 covered garage space. Drive by only. Please do not disturb the tenants. Property is sold AS-IS.

Last Agent to Sell the Property

Douglas Olsen

Olsen Realty License #01928821 Listed on: 02/17/2018

Last Buyer's Agent

Douglas Olsen

Olsen Realty License #01928821 Listed on: 02/17/2018

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 11,955 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 6,306 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 145
  • Tax Tract Number 4817
  • Assessor Parcel Number 5255002017

Community Details

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0.27 Acres

Parking

6

Listing Details

  • Property Attached: Yes
  • Zoning: MPR3*
  • Property Type: Residential Income
  • Parcel Number: 5255002017
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 356.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Landscaped
  • Lot Size Sq Ft: 11955.00

Multi Family

  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Rent Control: No

Tax Info

  • Tax Census Tract: 4817.13
  • Tax Lot: 145
  • Tax Tract Number: 4817.1

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
Feb 17, 2018
Closed on
Mar 1, 2018
Sold by
Lee Young Soon and Lee Nam Young
Bought by
Seller's Agent
Douglas Olsen
Olsen Realty
Buyer's Agent
Douglas Olsen
Olsen Realty
List Price
$2,125,000
Sold Price
$2,250,000
Premium/Discount to List
$125,000
5.88%

Purchase Details

Closed on
Oct 5, 2005
Sold by
Lee Young Soon and Lee Nam Yong
Bought by
Lee Young Soon and Lee Nam Yong

Purchase Details

Closed on
Jul 17, 1997
Sold by
Chipres Nancy and The Nancy Chipres Revocable Tr
Bought by
Lee Nam Yong and Lee Young Soon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.61%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 1995
Sold by
Chipres Nancy Un Sun
Bought by
Nancy Chipres Revocable Trust

Purchase Details

Closed on
Dec 20, 1993
Sold by
Seaking Sam and Seaking Laurine L
Bought by
Seaking Sam and Seaking Laurine L
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,250,000 First American Title
Lee Young Soon -- North American Title Company
Lee Nam Yong $250,000 --
Nancy Chipres Revocable Trust -- --
Seaking Sam -- --
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 $500,000
Previous Owner Lee Nam Yong $150,000
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
03/14/2018 03/14/18 Sold $2,250,000 +5.9% $357 / Sq Ft
02/17/2018 02/17/18 For Sale $2,125,000 -- $337 / 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
2026 $34,766 $2,611,313 $1,694,453 $916,860
2025 $34,766 $2,560,112 $1,661,229 $898,883
2024 $33,767 $2,509,914 $1,628,656 $881,258
2023 $33,101 $2,460,701 $1,596,722 $863,979
2022 $31,554 $2,412,453 $1,565,414 $847,039
2021 $31,184 $2,365,151 $1,534,720 $830,431
2019 $29,743 $2,295,000 $1,489,200 $805,800
2018 $10,064 $690,430 $199,265 $491,165
2016 $9,326 $663,622 $191,528 $472,094
2015 $9,182 $653,655 $188,652 $465,003
2014 $9,088 $640,852 $184,957 $455,895
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18038443

California Regional Multiple Listing Service (CRMLS)
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