Seller's Agent in 2023
Juliana Canela
Klovus Realty
(626) 421-7628
1 in this area
26 Total Sales
227 E Olive Ave Monrovia, CA 91016
Estimated Value: $1,230,000 - $1,391,000
6
Beds
3
Baths
2,409
Sq Ft
$549/Sq Ft
Est. Value
Highlights
- No Units Above
- All Bedrooms Downstairs
- No HOA
- Mayflower Elementary School Rated A
- Open Floorplan
- Cooling System Mounted To A Wall/Window
About This Home
As of April 2023Amazing opportunity for an investor or owner. You can live in one and rent the other two. This property features three units. Each unit is a 2 bedroom and one bathroom with inside laundry area. Each unit has its own outdoor patio. Great location! Walking distance to downtown Monrovia, shopping center and restaurants. Please do not disturb tenants or walk on property.
Last Agent to Sell the Property
Klovus Realty License #02180948 Listed on: 02/10/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 7,940 Sq Ft Lot
- No Units Above
- 1 Common Wall
- Front Yard
Parking
- 2 Car Garage
- Carport
- Parking Available
Home Design
- Triplex
- Shingle Roof
Interior Spaces
- 2,409 Sq Ft Home
- Open Floorplan
- Living Room
- Laminate Flooring
Bedrooms and Bathrooms
- 6 Bedrooms
- All Bedrooms Down
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 19 / Q
- Tax Tract Number 431001
- Assessor Parcel Number 8516028023
- $1,073 per year additional tax assessments
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
- Insurance Expense $1,200
- Operating Expense $1,200
- Gross Income $51,600
- Net Operating Income $49,300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 10, 2023
Closed on
Mar 18, 2023
Sold by
Vargas-Portillo 2006 Family Trust
Bought by
Yu Julie Chiu Yen and Yu Chun Mao
Seller's Agent
Juliana Canela
Klovus Realty
Buyer's Agent
Peng-Hsiang Weng
Weng Realty
List Price
$1,250,000
Sold Price
$1,150,000
Premium/Discount to List
-$100,000
-8%
Views
146
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,995
Avg. Annual Appreciation
5.35%
Purchase Details
Closed on
Dec 15, 2015
Sold by
Vargas Rommel
Bought by
Portillo Flor and The Vargas Portillo 2006 Famil
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 5, 2006
Sold by
Vargas Rommel
Bought by
Portillo Flor and The Vargas Portillo 2006 Famil
Purchase Details
Closed on
Jul 1, 2002
Sold by
Portillo Flor
Bought by
Vargas Rommel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.12%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Mar 21, 2001
Sold by
Trlica Jerry
Bought by
Portillo Flor and Vargas Rommel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,070
Interest Rate
7.09%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 23, 1999
Sold by
Gonzalez Olga
Bought by
Vostenak John V and Slovakova Hana
Purchase Details
Closed on
Aug 1, 1997
Sold by
Share David L Tr Share Trust
Bought by
Gonzalez Olga
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,339
Interest Rate
7.58%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 6, 1994
Sold by
Share David L
Bought by
Share David L
Purchase Details
Closed on
Nov 17, 1988
Sold by
Norris Richard and Norris Jan
Bought by
Share David L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Yu Julie Chiu Yen | $1,150,000 | Usa National Title | |
| Portillo Flor | -- | Provident Title Company | |
| Vargas Rommel | -- | Fidelity National Title | |
| Vargas Rommel | -- | Fidelity National Title | |
| Portillo Flor | -- | None Available | |
| Vargas Rommel | -- | Ticor Title | |
| Portillo Flor | $275,000 | Commonwealth Land Title Co | |
| Trlica Jerry | $193,000 | Commonwealth Land Title Co | |
| Vostenak John V | -- | Orange Coast Title | |
| Gonzalez Olga | $193,000 | Chicago Title Co | |
| Share David L | -- | -- | |
| Share David L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Vargas Rommel | $100,000 | |
| Previous Owner | Portillo Flor | $300,000 | |
| Previous Owner | Vargas Rommel | $280,000 | |
| Previous Owner | Trlica Jerry | $271,070 | |
| Previous Owner | Gonzalez Olga | $187,339 | |
| Closed | Vargas Rommel | $52,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/18/2023 04/18/23 | Sold | $1,150,000 | -3.3% | $477 / Sq Ft |
| 02/25/2023 02/25/23 | Price Changed | $1,189,000 | -4.9% | $494 / Sq Ft |
| 02/10/2023 02/10/23 | For Sale | $1,250,000 | -- | $519 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $16,135 | $1,196,460 | $676,260 | $520,200 |
| 2024 | $16,135 | $1,173,000 | $663,000 | $510,000 |
| 2023 | $6,775 | $445,521 | $275,269 | $170,252 |
| 2022 | $6,589 | $436,786 | $269,872 | $166,914 |
| 2021 | $6,456 | $428,223 | $264,581 | $163,642 |
| 2020 | $6,277 | $423,834 | $261,869 | $161,965 |
| 2019 | $6,173 | $415,525 | $256,735 | $158,790 |
| 2018 | $6,005 | $407,378 | $251,701 | $155,677 |
| 2017 | $5,896 | $399,391 | $246,766 | $152,625 |
| 2016 | $5,770 | $391,561 | $241,928 | $149,633 |
| 2015 | $5,650 | $385,681 | $238,295 | $147,386 |
| 2014 | $5,608 | $378,127 | $233,628 | $144,499 |
Source: Public Records
Agents Affiliated with this Home
-
Juliana Canela
-
Peng-Hsiang Weng
Buyer's Agent in 2023
Peng-Hsiang Weng
Weng Realty
(626) 224-7778
4 in this area
32 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PF23023820
APN: 8516-028-023
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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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