Seller's Agent in 2019
Justin White
Justin White
(714) 231-2537
44 Total Sales
224 N 6th St Montebello, CA 90640
5
Beds
5
Baths
3,010
Sq Ft
6,804
Sq Ft Lot
Highlights
- Lawn
- No HOA
- Laundry Room
About This Home
As of June 2019224 6th St will be a successful investment for the hands-on investor who sees the continued success of Montebello’s re-gentrification. There are numerous role-models in the blocks surrounding the property. The buildings have been treated with care by the owner but some units are aesthetically dated, the perfect opportunity for a new investor to take a building with good bones and make it hip and attractive. After a tasteful yet prudent remodel, neighboring units with smaller square footage are renting for $300 or more dollars than the current rents at the property. This will give an investor the option to sell the improved asset for a significant profit or hold the asset and enjoy significantly increased cash flow in a ease of management property in a delightful neighborhood. Building receives additional income from a non-conforming Studio+1 bath at $980 per month.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1938
Lot Details
- 6,804 Sq Ft Lot
- Two or More Common Walls
- Lawn
- Front Yard
Home Design
- 3,010 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
Parking
- Parking Available
- Covered Parking
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 19
- Tax Tract Number 5426
- Assessor Parcel Number 6346014021
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- Electric Expense $1,315
- Fuel Expense $810
- Gardener Expense $720
- Insurance Expense $2,426
- Maintenance Expense $3,000
- Other Expense $3,839
- Professional Management Expense $4,758
- Water Sewer Expense $3,140
- New Taxes Expense $16,680
- Operating Expense $3,589
- Gross Income $95,160
- Net Operating Income $55,867
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/30/2019 06/30/19 | Sold | $1,185,000 | -1.3% | $394 / Sq Ft |
| 03/27/2019 03/27/19 | Pending | -- | -- | -- |
| 03/06/2019 03/06/19 | For Sale | $1,200,000 | -- | $399 / 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 | $20,338 | $1,321,885 | $925,878 | $396,007 |
| 2024 | $20,338 | $1,295,967 | $907,724 | $388,243 |
| 2023 | $20,249 | $1,270,557 | $889,926 | $380,631 |
| 2022 | $19,566 | $1,245,645 | $872,477 | $373,168 |
| 2021 | $18,844 | $1,221,221 | $855,370 | $365,851 |
| 2020 | $18,472 | $1,208,700 | $846,600 | $362,100 |
| 2019 | $8,260 | $459,258 | $141,825 | $317,433 |
| 2018 | $8,306 | $450,254 | $139,045 | $311,209 |
| 2016 | $7,985 | $432,772 | $133,647 | $299,125 |
| 2015 | $7,631 | $426,272 | $131,640 | $294,632 |
| 2014 | $7,565 | $417,923 | $129,062 | $288,861 |
Source: Public Records
Agents Affiliated with this Home
-
Justin White
-
Lamont Hyde
Buyer's Agent in 2019
Lamont Hyde
Lamont Hyde Real Estate
(562) 968-7004
14 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19050290
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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