NOT LISTED FOR SALE

226 E Foothill Blvd Monrovia, CA 91016

Estimated Value: $1,100,288

6 Beds
3 Baths
2,560 Sq Ft
$430/Sq Ft Est. Value

Last Sold October 02, 2015

Last sale price $699,000 $273 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $6,678/month

12 Days on Market

Highlights

  • No HOA
  • Clifton Middle School Rated A-
  • Back Yard

About This Home

As of October 2015

This Commercial / Residential mixed use property includes 2 buildings: 230 E. Foothill Blvd, 858 sqft of the commercial space and 226 E. Foothill Blvd, which is 1,702 sqft, a two story duplex (226A & 226B) in the rear of property. Total of 2,560 sqft.
--- The property is walking distance to Old Town Monrovia which is filled with wonderful shops and restaurants. Easy access to Fwy 210.
--- For the investor. There is a huge upside potential! The current rents are below market. Roof replacement and the electrical panel upgraded in 2013.
--- Great for owner user or investment.

Last Agent to Sell the Property

May Chen

Castlewood Corporation License #01837393 Listed on: 09/19/2015

Last Buyer's Agent

May Chen

Castlewood Corporation License #01837393 Listed on: 09/19/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1904

Lot Details

  • 9,418 Sq Ft Lot
  • No Common Walls
  • Back Yard

Interior Spaces

  • 2,560 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 9 Parking Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7
  • Tax Tract Number 4310
  • Assessor Parcel Number 8516007006

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $360
  • Insurance Expense $1,987
  • Trash Expense $900
  • Water Sewer Expense $600
  • New Taxes Expense $8,700
  • Gross Income $3,850
  • Net Operating Income $33,653

Property Details

Home Type

Multi-Family

Year Built

Built in 1904

Lot Details

0

Listing Details

  • CapRate: 4.80
  • Property Attached: No
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 8516007006
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 273.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: No
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 9418.00
  • Price Per Lot Square Foot: 74.22
  • Lot Size Acres: 0.2160

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3850.00
  • Gross Scheduled Income: 46200.00
  • Insurance Expense: 1987.00
  • Lot Size Area: 9418.0000 Square Feet
  • Net Operating Income: 33653.00
  • 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: 12547.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8700.00
  • Tax Lot: 7
  • Tax Tract Number: 4310

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2017
Sold by
Pu Allan Li and Cheng Holly H
Bought by
Pu Allan Li and Cheng Holly H
Current Estimated Value
$1,100,288

Purchase Details

Listed on
Sep 19, 2015
Closed on
Sep 23, 2015
Sold by
Tzuter Llc
Bought by
Pu Allan and Cheng Holly
Seller's Agent
May Chen
Castlewood Corporation
Buyer's Agent
May Chen
Castlewood Corporation
List Price
$699,000
Sold Price
$699,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.68%

Purchase Details

Listed on
Dec 6, 2012
Closed on
Dec 21, 2012
Sold by
Sy Marichu and Sy Willie
Bought by
Tzuter Llc
Seller's Agent
Karen Norris
Canon Business Properties, Inc.
Buyer's Agent
Karen Norris
Canon Business Properties, Inc.
List Price
$595,000
Sold Price
$557,000
Premium/Discount to List
-$38,000
-6.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.71%

Purchase Details

Closed on
Jan 27, 2006
Sold by
Holakoui Margit and Holakoui Soheila
Bought by
Sy Marichu and Sy Willie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 25, 2006
Sold by
Yu Lucino
Bought by
Sy Marichu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 13, 2004
Sold by
Petrie Louis C and Byrum Walter David
Bought by
Petrie Ferne L and Byrum Lorraine Ellison

Purchase Details

Closed on
Dec 10, 2004
Sold by
Holakoui Ali A and Holakoui Hossein
Bought by
Holakoui Margit and Holakoui Soheila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 12, 2004
Sold by
Petrie Ferne L and Petrie Separate Proper Ferne L
Bought by
Holakoui Margit and Holakoui Soheila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 25, 2001
Sold by
Petrie Ferne Lorraine
Bought by
Petrie Ferne L and The Ferne L Petrie Separate Pr

Purchase Details

Closed on
Jan 16, 1997
Sold by
Petrie Ferne Lorraine
Bought by
Petrie Louis C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.62%
Mortgage Type
Commercial
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
Pu Allan Li -- None Available
Pu Allan $665,000 Fidelity Sherman Oaks
Tzuter Llc $558,000 Lawyers Title
Sy Marichu $700,000 Southland Title
Sy Marichu -- Southland Title
Sy Willie -- Southland Title
Petrie Ferne L -- Southland Title
Holakoui Margit -- Southland Title
Holakoui Margit $490,000 Southland Title
Petrie Ferne L -- --
Petrie Louis C -- Title Land Company
Petrie Ferne Lorraine -- Title Land Company
Byrum Lorraine Ellison -- Title Land Company
Petrie Ferne Lorraine -- Title Land Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sy Marichu $525,000
Previous Owner Holakoui Margit $340,000
Previous Owner Petrie Ferne Lorraine $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/02/2015 10/02/15 Sold $699,000 0.0% $273 / Sq Ft
10/01/2015 10/01/15 Pending -- -- --
09/19/2015 09/19/15 For Sale $699,000 0.0% $273 / Sq Ft
10/07/2013 10/07/13 Rented $1,100 -8.3% --
10/07/2013 10/07/13 For Rent $1,200 0.0% --
01/14/2013 01/14/13 Sold $557,000 -6.4% $327 / Sq Ft View Prior Sale
12/17/2012 12/17/12 Pending -- -- --
12/06/2012 12/06/12 For Sale $595,000 -- $350 / 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 $11,098 $787,219 $426,164 $361,055
2024 $11,098 $771,784 $417,808 $353,976
2023 $10,850 $756,652 $409,616 $347,036
2022 $10,542 $741,817 $401,585 $340,232
2021 $10,333 $727,272 $393,711 $333,561
2020 $10,031 $719,815 $389,674 $330,141
2019 $9,857 $705,702 $382,034 $323,668
2018 $9,523 $691,866 $374,544 $317,322
2016 $9,151 $665,000 $360,000 $305,000
2015 $7,919 $571,373 $307,383 $263,990
2014 $7,835 $560,181 $301,362 $258,819
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR15207571

California Regional Multiple Listing Service (CRMLS)

APN: 8516-007-006