NOT LISTED FOR SALE

Estimated Value: $892,000 - $1,024,000

5 Beds
3 Baths
2,015 Sq Ft
$473/Sq Ft Est. Value

Last Sold February 27, 2018

Last sale price $660,000 $328 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $6,238/month

30 Days on Market

About This Home

As of February 2018

We are pleased to exclusively offer for sale this 3 unit investment property located in the highly sought after rental community of El Monte. The property is comprised of three detached single story cottages all situated on 12,849 SqFt lot. The units are comprised of 2(2Bedroom/1Bathroom) cottages and 1(1Bedroom/1Bathroom) cottage. All units are separately metered for electricity and gas. All units are tenant occupied and the rental rates listed are actual and current.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 01/08/2018

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 01/08/2018

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,585

Year Built

  • Built in 1949

Lot Details

  • 0.29 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 2,015 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 022
  • Tax Tract Number 22
  • Assessor Parcel Number 8108013022

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Maintenance Expense $1,500
  • Other Expense $450
  • Trash Expense $1,053
  • Water Sewer Expense $1,800
  • New Taxes Expense $8,063
  • Operating Expense $14,066
  • Gross Income $43,020
  • Net Operating Income $27,663

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,585

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: EMR3YY
  • Property Type: Residential Income
  • Parcel Number: 8108013022
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 327.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1053.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 12849.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 43020.00
  • Gross Operating Income: 41729.00
  • Gross Scheduled Income: 43020.00
  • Insurance Expense: 1200.00
  • Maintenance Expense: 1500.00
  • Net Operating Income: 27663.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 14066.00
  • Other Expense: 450.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Expenses: 14066.00
  • Vacancy Allowance: 1291

Tax Info

  • New Taxes Expense: 8063.00
  • Tax Census Tract: 4340.03
  • Tax Lot: 022
  • Tax Tract Number: 022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2018
Closed on
Feb 8, 2018
Sold by
C C Bar Llc
Bought by
Mao Myra
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$615,000
Sold Price
$660,000
Premium/Discount to List
$45,000
7.32%
Current Estimated Value
$978,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,302
Avg. Annual Appreciation
5.05%
Original Mortgage
$495,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2005
Sold by
Diaz Sulmery
Bought by
Diaz Fernando
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
Mao Myra $660,000 Fidelity Title Company
Diaz Fernando -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mao Myra $626,250
Closed Mao Myra $491,800
Closed Mao Myra $495,000
Previous Owner C C Bar Llc $870,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2018 02/27/18 Sold $660,000 0.0% $328 / Sq Ft
02/07/2018 02/07/18 Pending -- -- --
01/23/2018 01/23/18 Off Market $660,000 -- --
01/08/2018 01/08/18 For Sale $615,000 -- $305 / 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 $10,585 $750,961 $525,674 $225,287
2024 $10,585 $736,237 $515,367 $220,870
2023 $10,415 $721,802 $505,262 $216,540
2022 $10,021 $707,650 $495,355 $212,295
2021 $10,267 $693,776 $485,643 $208,133
2020 $9,966 $686,663 $480,664 $205,999
2019 $9,954 $673,200 $471,240 $201,960
2018 $6,942 $454,912 $228,024 $226,888
2016 $6,418 $437,249 $219,170 $218,079
2015 $6,347 $430,682 $215,878 $214,804
2014 $6,235 $422,247 $211,650 $210,597
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18005238

California Regional Multiple Listing Service (CRMLS)

APN: 8108-013-022