NOT LISTED FOR SALE

2107 W Olympic Blvd Montebello, CA 90640

Estimated Value: $944,000 - $1,145,000

4 Beds
4 Baths
1,968 Sq Ft
$516/Sq Ft Est. Value

Last Sold October 16, 2015

Last sale price $598,888 $304 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $6,271/month

7 Days on Market

Highlights

  • Traditional Architecture
  • 4 Car Garage
  • Front Yard

About This Home

As of October 2015

***** If you have been waiting...and hoping for just the right INCOME property to come on the market !!! This Fourplex in Montebello— Is one of those “I-want-it” kind of Investments. In this $598,888 Fourplex you can LIVE IN one and rent the other 3...CASH FLOW generator.
About LOCATION!! Close to Montebello Metro link Station. Forget about UBER… Located in the district of the best schools in Montebello, Parks and tons of shopping. Well maintained and operate by current owner, And YES may need some minor improvements inside. Must see it inside. The 4 units have individually metered for gas and electricity, all units have 1 bedroom and 1 bath with one car Garage each. It oozes curb appeal, quiet and well establish neighborhood. PRIME MONTEBELLO rental area; Ideal location for investors in high demand area for rentals. excellent income producing property.

Last Agent to Sell the Property

LUZ BERNAL

RICH COSNER & ASSOCIATES License #01270399 Listed on: 09/08/2015

Co-Listed By

JC Trujillo

VIP Premier Realty Corp License #01456740

Last Buyer's Agent

Maria Rua

T.N.G. Real Estate Consultants License #00831899

T.N.G. Real Estate Consultants

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 4,981 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Public Parking
  • Parking Available
  • Rear-Facing Garage
  • No Driveway

Home Design

  • Traditional Architecture
  • Property Attached
  • Composition Roof

Interior Spaces

  • 1,968 Sq Ft Home
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Gas and Electric Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • 220 Volts in Garage
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 87
  • Tax Tract Number 10178
  • Assessor Parcel Number 6337019004

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,700
  • Trash Expense $400
  • Water Sewer Expense $1,700
  • New Taxes Expense $6,945
  • Gross Income $3,800
  • Net Operating Income $34,555

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

4,981 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • View: No
  • Water Sewer Expenses: 1700.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 6337019004
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Fireplace Features: Dining Room, Living Room
  • Levels: One
  • Price Per Square Foot: 304.31

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, No Driveway, Public, Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available, Water Connected
  • Laundry: No
  • Appliances: Electric Water Heater, Gas & Electric Range
  • Electric: 220 Volts in Garage
  • Trash Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Sq Ft: 4981.00
  • Price Per Lot Square Foot: 120.23
  • Lot Size Acres: 0.1140

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 520
  • Average2 Bed Area: 520
  • Average3 Bed Area: 520
  • Average Studio Area: 500
  • Gross Income: 3800.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 1700.00
  • Lot Size Area: 4981.0000 Square Feet
  • Net Operating Income: 34555.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 10745.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6945.00
  • Tax Lot: 87
  • Tax Tract Number: 10178

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2020
Sold by
Alva Arthur R and Alva Nelida S
Bought by
Alva Gabriel
Current Estimated Value
$1,014,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,000
Outstanding Balance
$402,375
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$612,444

Purchase Details

Listed on
Sep 8, 2015
Closed on
Oct 8, 2015
Sold by
Garcia Jorge E
Bought by
Alva Arthur R and Alva Nelinda S
Seller's Agent
LUZ BERNAL
RICH COSNER & ASSOCIATES
Buyer's Agent
Maria Rua
T.N.G. Real Estate Consultants
List Price
$598,888
Sold Price
$598,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.20%
Original Mortgage
$437,188
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 2, 2012
Closed on
Mar 13, 2013
Sold by
Garcia Milagro D
Bought by
Garcia Jorge E
Seller's Agent
Carmelo Mauro
Realty Executives Com. & Res.
Buyer's Agent
Jim Trabbie
Keller Williams - Eagle Rock
List Price
$399,900
Sold Price
$399,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.69%
Original Mortgage
$382,936
Interest Rate
3.51%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 2, 2012
Closed on
Feb 25, 2013
Sold by
Lozano Maria
Bought by
Garcia Jorge E
Seller's Agent
Carmelo Mauro
Realty Executives Com. & Res.
Buyer's Agent
Jim Trabbie
Keller Williams - Eagle Rock
List Price
$399,900
Sold Price
$399,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,936
Interest Rate
3.51%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 11, 2007
Sold by
Meneses Ruben and Meneses Aaron
Bought by
Lozano Maria R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2005
Sold by
Meneses Betty
Bought by
Meneses Ruben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,800
Interest Rate
5.56%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 16, 2005
Sold by
Valdes Lucina
Bought by
Meneses Ruben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,800
Interest Rate
5.56%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 2, 1999
Sold by
Francisco Z Lopez Trust and Lucina
Bought by
Valdes Lucina

Purchase Details

Closed on
May 25, 1994
Sold by
Lopez Francisco Zepeda
Bought by
Lopez Francisco Zepeda

Purchase Details

Closed on
Apr 20, 1994
Sold by
Valdes Lucina and Lopez Josephina R
Bought by
Lopez Francisco Zepeda
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Alva Gabriel -- Chicago Title
Alva Arthur R $599,000 Lawyers Title
Garcia Jorge E -- Stewart Title Of California
Garcia Jorge E $370,000 Stewart Title Of California
Lozano Maria R $710,000 None Available
Meneses Ruben -- First American Title Co
Meneses Ruben $638,000 First American Title Co
Valdes Lucina -- --
Lopez Francisco Zepeda -- --
Lopez Francisco Zepeda -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alva Gabriel $453,000
Previous Owner Alva Arthur R $437,188
Previous Owner Garcia Jorge E $382,936
Previous Owner Lozano Maria R $510,000
Previous Owner Meneses Ruben $63,800
Previous Owner Meneses Ruben $510,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2015 10/16/15 Sold $598,888 0.0% $304 / Sq Ft
09/15/2015 09/15/15 Pending -- -- --
09/08/2015 09/08/15 For Sale $598,888 +49.8% $304 / Sq Ft
04/23/2013 04/23/13 Sold $399,900 0.0% $203 / Sq Ft View Prior Sale
11/09/2012 11/09/12 Pending -- -- --
11/02/2012 11/02/12 For Sale $399,900 -- $203 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,593 $709,087 $355,136 $353,951
2024 $11,718 $695,184 $348,173 $347,011
2023 $11,647 $681,554 $341,347 $340,207
2022 $11,255 $668,191 $334,654 $333,537
2021 $10,826 $655,091 $328,093 $326,998
2020 $10,563 $648,375 $324,729 $323,646
2019 $10,275 $635,662 $318,362 $317,300
2018 $10,428 $623,199 $312,120 $311,079
2016 $10,025 $599,000 $300,000 $299,000
2015 $7,013 $399,597 $204,922 $194,675
2014 $6,945 $391,770 $200,908 $190,862
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15198579

California Regional Multiple Listing Service (CRMLS)

APN: 6337-019-004

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