$1,079,240
SOLD OCT 31, 2024
6 Beds
3 Baths
2,296 Sq Ft
0.55 Acres

Recently Sold

$470 Per Sq Ft

2% Below List Price

10 Days on Market

Highlights

  • In Ground Pool
  • Private Yard
  • 2 Car Garage
  • 0.55 Acre Lot
  • Laundry Room
  • Paved or Partially Paved Lot

About This Home

As of October 2024

Great opportunity to own two separate houses on a large 14636 sq. ft. lot in the city of El Monte. The front home consists of 4 bedrooms and 2 bathrooms. The rear home is a 2 bedroom 1 bath. There is a built-in pool. This property on this large lot possesses incredible potential as an investment for rental income or to live in one and rent the other. Additional possibilities include adding another building in the rear of the property. Additional features include addequate parking. Some TLC can turn this property into a very nice property. Each house has its own utilties.

Last Agent to Sell the Property

MICHAEL NOVAK-SMITH

RE/MAX ONE Brokerage Phone: 951-236-7256 License #01032149 Listed on: 08/22/2024

RE/MAX ONE

Last Buyer's Agent

Hongtao Liu

PYC Financial License #02071175

PYC Financial

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,838

Year Built

  • Built in 1942

Lot Details

  • 0.55 Acre Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • Private Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Entry on the 1st floor
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2,296 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Gas Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Pool

  • In Ground Pool
  • Gunite Pool

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Legal Lot and Block 7 / A
  • Tax Tract Number 11366
  • Assessor Parcel Number 8113027007
  • $668 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,000
  • Trash Expense $350
  • Operating Expense $2,350
  • Gross Income $12,000
  • Net Operating Income $10,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,838

Year Built

Built in 1942

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 550000
  • Property Attached: No
  • Road Surface Type: Alley Paved
  • Zoning: LCA1YY
  • Architectural Style: Ranch
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 8113027007
  • Year Built: 1942
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 470.05
  • Room Type: All Bedrooms Down, Kitchen, Primary Bathroom, Primary Bedroom

Exterior Features

  • Pool Features: Private, Gunite, In Ground
  • Pool Private: Yes
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 350.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 20000-39999 Sqft, Paved, Yard
  • Lot Size Sq Ft: 23969.00
  • Lot Size Acres: 0.5503

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 12000.00
  • Gross Scheduled Income: 12000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 23969.0000 Square Feet
  • Net Operating Income: 10000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Range: 1
  • Operating Expense: 1100.00
  • Rent Control: No
  • Total Expenses: 2350.00

Tax Info

  • Tax Block: A
  • Tax Census Tract: 4340.03
  • Tax Lot: 7
  • Tax Tract Number: 11366
  • TaxOtherAnnualAssessmentAmount: 668.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Sep 9, 2024
Sold by
Su Shan Jun
Bought by
Liu Jianmei
Seller's Agent
MICHAEL NOVAK-SMITH
RE/MAX ONE
Buyer's Agent
Hongtao Liu
PYC Financial
List Price
$1,100,000
Sold Price
$1,079,240
Premium/Discount to List
-$20,760
-1.89%
Views
19
Current Estimated Value
$1,090,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,563
Avg. Annual Appreciation
4.14%
Original Mortgage
$863,392
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 1999
Sold by
Raya George P and Raya Esther
Bought by
Raya George and Raya Esther
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 Type Sale Price Title Company
Quit Claim Deed -- Chicago Title Company
Grant Deed $1,079,500 Chicago Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $863,392 New Conventional
Previous Owner $100,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $25,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $1,079,240 -1.9% $470 / Sq Ft
08/26/2024 08/26/24 For Sale $1,100,000 +1.9% $479 / Sq Ft
08/25/2024 08/25/24 Off Market $1,079,240 -- --
08/22/2024 08/22/24 For Sale $1,100,000 -- $479 / Sq Ft
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 $2,838 $1,079,200 $701,200 $378,000
2024 $2,838 $145,748 $30,971 $114,777
2023 $2,798 $142,891 $30,364 $112,527
2022 $2,714 $140,090 $29,769 $110,321
2021 $2,740 $137,344 $29,186 $108,158
2020 $2,680 $135,936 $28,887 $107,049
2019 $2,673 $133,271 $28,321 $104,950
2018 $2,257 $130,659 $27,766 $102,893
2016 $2,080 $125,588 $26,689 $98,899
2015 $2,057 $123,703 $26,289 $97,414
2014 $2,038 $121,281 $25,775 $95,506
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV24172233

California Regional Multiple Listing Service (CRMLS)

APN: 8113-027-007