NOT LISTED FOR SALE
6 Beds
3 Baths
5,754 Sq Ft
8,945 Sq Ft Lot

Sale Details

Date Sold: January 27, 2017

Last sale price $1,780,000 $309 Per Sq Ft

57 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • 3-minute walk to Library Park
  • Monrovia High School Rated A

About This Home

As of January 2017

Prime 5 units investment opportunity near Old Town Monrovia. One unit could be used as an owner's unit. It is approximately 1300 sqft with 2 bedrooms and 1.75 baths with 2 car direct access garage,newer central AC and heat,tile and laminate wood flooring and a spacious floor plan. The other 4 units are approximately 1,100 sqft with 2 bedrooms and 1.5 baths,one garage space,laminate wood flooring,wall heating units and newer stoves,dishwashers and wall AC units. These four units also share two additional open parking spaces. Considerable upside in rents due to the size and location of the building. Property sold in " as is" present condition. Seller will not make repairs.

Last Agent to Sell the Property

Tommy Han

IRN Realty License #01083197 Listed on: 09/08/2016

IRN Realty

Last Buyer's Agent

Shahe Seuylemezian

Remax Omega Pasadena License #01400433

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 8,945 Sq Ft Lot
  • No Common Walls

Parking

  • 6 Car Garage

Home Design

  • Contemporary Architecture
  • Slab Foundation

Interior Spaces

  • 5,754 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 8516002019

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $569
  • Insurance Expense $1,697
  • Trash Expense $1,717
  • Water Sewer Expense $1,687
  • New Taxes Expense $11,925
  • Net Operating Income $84,010

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

8,945 Sq Ft Lot

Parking

6

Listing Details

  • Assessments: Yes
  • Inclusions: Washer and Dryer
  • Property Attached: No
  • Water Sewer Expenses: 1687.00
  • Zoning: MORH*
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 8516002019
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 309.35

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 1717.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8945.00
  • Price Per Lot Square Foot: 201.23

Multi Family

  • Average2 Bed Area: 1150
  • Electric Expense: 569.00
  • Gross Scheduled Income: 100800.00
  • Insurance Expense: 1697.00
  • Net Operating Income: 84010.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 16790.00
  • Rent Control: No
  • Total Actual Rent: 8400.00

Tax Info

  • New Taxes Expense: 11925.00
  • Tax Lot: 20
  • Tax Tract Number: MR3654

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
Sep 8, 2016
Closed on
Dec 21, 2016
Sold by
Bought by
Seller's Agent
Tommy Han
IRN Realty
Buyer's Agent
Shahe Seuylemezian
Remax Omega Pasadena
List Price
$1,800,000
Sold Price
$1,780,000
Premium/Discount to List
-$20,000
-1.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$823,000
Interest Rate
0.0416%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 2014
Sold by
Bought by

Purchase Details

Closed on
Jun 6, 2012
Sold by
Bought by

Purchase Details

Closed on
Mar 9, 2004
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$1,780,000 Ticor Title Company Of Ca
-- None Available
-- None Available
$695,000 Fnt
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
Open $823,000
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
01/27/2017 01/27/17 Sold $1,780,000 -1.1% $309 / Sq Ft
11/04/2016 11/04/16 Pending -- -- --
09/08/2016 09/08/16 For Sale $1,800,000 -- $313 / 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
2025 $28,914 $2,065,835 $826,333 $1,239,502
2024 $28,209 $2,025,330 $810,131 $1,215,199
2023 $27,578 $1,985,619 $794,247 $1,191,372
2022 $26,792 $1,946,686 $778,674 $1,168,012
2021 $26,266 $1,908,516 $763,406 $1,145,110
2019 $25,032 $1,851,911 $740,764 $1,111,147
2018 $24,477 $1,815,600 $726,240 $1,089,360
2016 $12,177 $834,721 $384,331 $450,390
2015 $11,926 $822,183 $378,558 $443,625
2014 $11,828 $806,078 $371,143 $434,935
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16198102

California Regional Multiple Listing Service (CRMLS)
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