NOT LISTED FOR SALE

205 N 7th St Montebello, CA 90640

Estimated Value: $868,000 - $957,000

4 Beds
2 Baths
2,028 Sq Ft
$452/Sq Ft Est. Value

Last Sold February 09, 2016

Last sale price $575,000 $284 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $5,618/month

3 Days on Market

Highlights

  • 2 Car Attached Garage
  • Laundry Room
  • East Facing Home

About This Home

As of February 2016

We are pleased to present for sale 2 detached homes on a single lot in North Montebello. The homes are (Two) 2 Bedroom 1 Bath Units with private garages as well as private yards. Both are separately metered for gas and electricity leaving the landlord with minimal expenses. Each unit also has separate laundry hookups. Rents are about 40% below market leaving a new buyer with realistic upside in this non-rent control area. DRIVE BY ONLY. TENANTS ARE NOT AWARE OF SALE. DO NOT WALK ON PROPERTY.CONTACT LISTING AGENT FOR DETAILS AND A FULL MARKETING PACKAGE.

Last Agent to Sell the Property

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 01/04/2016

Last Buyer's Agent

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 01/04/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,503 Sq Ft Lot
  • No Common Walls
  • East Facing Home

Parking

  • 2 Car Attached Garage
  • Driveway
  • Uncovered Parking

Home Design

  • 2,028 Sq Ft Home
  • Split Level Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 6346-012-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

6,503 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 2028
  • Probate: No
  • Year Built: 1948
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Common Walls: None
  • Laundry: Laundry Area
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 290.38

Exterior Features

  • Direction Faces: East
  • Tennis Court Y/N: No
  • Construction: Wood Frame
  • Construction: Frame and Stucco
  • Paved: Yes
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Garage Structures: 2
  • Parking Garage: Driveway, Garage, Garage Is Attached, Uncovered
  • Total Parking: 8

Utilities

  • Water Heater: Gas
  • Cooling: Wall Unit(s)
  • Heating: Wall Gas
  • Water: In Street
  • Water Expense: 1200.00
  • Water Heaters: Yes

Fee Information

  • Maintenance Expense: 1956.00
  • Other Expense: 400.00

Lot Info

  • Assessed Improvement Value: 99283
  • Assessed Land Value: 209020
  • Assessor Parcel Number: 6346-012-016
  • Geocode Override: No
  • Lot Size Area: 6503

Rental Info

  • Owner Pays: Gardener, Water
  • Rent Control: No
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Type Of Units: APT

Tax Info

  • Tax Expense: 7799.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2016
Closed on
Jan 13, 2016
Sold by
Magdesian Andy
Bought by
Fang Ervin N and The Ervin N Fang Trust
Seller's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
Buyer's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
List Price
$588,888
Sold Price
$575,000
Premium/Discount to List
-$13,888
-2.36%
Current Estimated Value
$924,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$349,303
Avg. Annual Appreciation
4.75%

Purchase Details

Closed on
Jan 16, 2013
Sold by
Magdesian Warham and Magdesian Sonia
Bought by
Magdesian Andy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2012
Sold by
Magdesian Andy
Bought by
Magdesian Andy and Magdesian Warham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2011
Sold by
Casilles Theresa and Estate Of Richard A Tarango
Bought by
Magdesian Andy

Purchase Details

Closed on
Jul 25, 2002
Sold by
Flores David R and Flores Sara
Bought by
Flores Gabriel and Flores Zoraya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,870
Interest Rate
6.6%
Mortgage Type
FHA

Purchase Details

Closed on
May 11, 1995
Sold by
Sepulveda Mary A
Bought by
Tarango Richard A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Fang Ervin N $575,000 Fidelity National Title Co
Magdesian Andy -- Accommodation
Magdesian Andy -- North American Title Company
Magdesian Andy $295,000 Investors Title Company
Flores Gabriel -- Southland Title
Tarango Richard A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magdesian Andy $210,000
Previous Owner Flores Gabriel $261,870
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/09/2016 02/09/16 Sold $575,000 -2.4% $284 / Sq Ft
01/07/2016 01/07/16 Pending -- -- --
01/04/2016 01/04/16 For Sale $588,888 -- $290 / Sq Ft
Source: The MLS

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 $10,330 $680,678 $355,136 $325,542
2024 $10,330 $667,332 $348,173 $319,159
2023 $10,292 $654,248 $341,347 $312,901
2022 $9,946 $641,420 $334,654 $306,766
2021 $9,586 $628,844 $328,093 $300,751
2020 $9,421 $622,397 $324,729 $297,668
2019 $9,149 $610,194 $318,362 $291,832
2018 $9,270 $598,230 $312,120 $286,110
2016 $5,263 $313,004 $212,207 $100,797
2015 $5,006 $308,303 $209,020 $99,283
2014 $4,951 $302,265 $204,926 $97,339
Source: Public Records

Agents Affiliated with this Home

  • Shant Sherbetdjian

    Seller's Agent in 2016

    Shant Sherbetdjian

    RE/MAX

    (626) 657-8135

    14 in this area

    61 Total Sales

    Shant Sherbetdjian
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Map

Source: The MLS

MLS Number: 16-968541

The MLS

APN: 6346-012-016

California Los Angeles County Montebello 90640

205 N 7th St, Montebello, CA

Not Listed for Sale

MultiFamily

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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