NOT LISTED FOR SALE

2051 S Myrtle Ave Monrovia, CA 91016

Estimated Value: $1,161,901 - $1,343,000

6 Beds
2 Baths
2,664 Sq Ft
$471/Sq Ft Est. Value

Last Sold August 14, 2013

Last sale price $600,000 $225 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $7,415/month

64 Days on Market

About This Home

As of August 2013

Two single family homes in one parcel with individual garages for sale AFTER 49 years! House at 2049 has been completely rehabbed with brand new laminate flooring, carpet, closets, upgraded bathrooms, kitchen, light fixtures. Each house has a fire-place in the living room. PROBATE Sale. Can be bought together with 3 additional properties owned by the same estate. Other 3 properties are: 2102 W 157th St., Gardena (APN # 4063-014-011); 2103 W 157th St., Gardena (APN # 4063-012-001); and 2041 S Myrtle Ave. in Mornovia (APN # 8509-032-022).OFFERS/LOIs DUE BY 5:00PM ON FRIDAY, JUNE 7, 2013. PROPERTY TOURS WILL BE SCHEDULED FOR ALL BUYERS THAT SUBMIT A CREDIBLE LOI/OFFER ON THE PORTFOLIO ALONG WITH PROOF OF FUNDS, THE WEEK OF JUNE 10th, 2013.

Last Agent to Sell the Property

Vinny Jain

Ingenious Asset Group, Inc. License #01413466 Listed on: 04/15/2013

Last Buyer's Agent

Vinny Jain

Ingenious Asset Group, Inc. License #01413466 Listed on: 04/15/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,146

Year Built

  • Built in 1961

Lot Details

  • 0.26

Parking

  • 2 Car Garage

Home Design

  • 2,664 Sq Ft Home

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Additional Features

  • 0.26 Acre Lot
  • Central Heating

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 8509-032-036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,146

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2664
  • Probate: Yes
  • Year Built: 1961
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Range/Oven
  • Price Per S Q F T: 260.89

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage - 2 Car
  • Total Parking: 6

Utilities

  • Heating: Central

Fee Information

  • Insurance Expense: 500.00
  • Maintenance Expense: 1330.00

Lot Info

  • Assessed Improvement Value: 42079
  • Assessed Land Value: 28681
  • Assessor Parcel Number: 8509-032-036
  • Geocode Override: No
  • Lot Size Area: 11512

Rental Info

  • Court Approve: No
  • Total Actual Rent: 44340.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.67
  • Number Of Units: 2
  • Rent Control: 0
  • Type Of Units: 2

Tax Info

  • Tax Expense: 7819.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2013
Closed on
Jul 2, 2013
Sold by
Lawee Development Corporation
Bought by
Greenview Properties Llc
Seller's Agent
Vinny Jain
Ingenious Asset Group, Inc.
Buyer's Agent
Vinny Jain
Ingenious Asset Group, Inc.
List Price
$695,000
Sold Price
$600,000
Premium/Discount to List
-$95,000
-13.67%
Current Estimated Value
$1,254,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$654,975
Avg. Annual Appreciation
6.23%
Original Mortgage
$885,000
Outstanding Balance
$653,210
Interest Rate
4.28%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$601,765
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
Greenview Properties Llc $1,500,015 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greenview Properties Llc $885,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2013 08/14/13 Sold $600,000 -13.7% $225 / Sq Ft
06/18/2013 06/18/13 Pending -- -- --
04/15/2013 04/15/13 For Sale $695,000 -- $261 / Sq Ft
Source: The MLS

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 $10,146 $735,505 $441,305 $294,200
2024 $10,146 $721,084 $432,652 $288,432
2023 $9,919 $706,946 $424,169 $282,777
2022 $9,636 $693,085 $415,852 $277,233
2021 $9,443 $679,497 $407,699 $271,798
2019 $9,002 $659,345 $395,607 $263,738
2018 $8,718 $646,417 $387,850 $258,567
2016 $8,374 $621,319 $372,791 $248,528
2015 $8,193 $611,987 $367,192 $244,795
2014 $8,115 $600,000 $360,000 $240,000
Source: Public Records

Agents Affiliated with this Home

  • Vinny Jain

    Seller's Agent in 2013

    Vinny Jain

    Ingenious Asset Group, Inc.

    (310) 997-2552

    1 in this area

    78 Total Sales

    Vinny Jain
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Map

Source: The MLS

MLS Number: 13-665651

The MLS

APN: 8509-032-036

California Los Angeles County Monrovia 91016

2051 S Myrtle Ave, Monrovia, CA

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