NOT LISTED FOR SALE

227 Melrose Ave Monrovia, CA 91016

6 Beds
6 Baths
3,172 Sq Ft
12,066 Sq Ft Lot

Last Sold July 02, 2015

Last sale price $1,100,000 $347 Per Sq Ft

183 Days on Market

Highlights

  • Wooded Lot
  • No HOA
  • Laundry Room
  • Mayflower Elementary School Rated A
  • Cooling System Mounted To A Wall/Window
  • Bungalow

About This Home

As of July 2015

North Monrovia, Court Yard Style Bungalows, 4 detached plus Duplex, Storages in Rear, New Roofs, Cooper Plumbing, 12,109 SF Lot

Last Agent to Sell the Property

Robert Bodkin

BODKIN CO., REALTORS License #00543199 Listed on: 12/16/2014

Last Buyer's Agent

Robert Bodkin

BODKIN CO., REALTORS License #00543199 Listed on: 12/16/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 12,075 Sq Ft Lot
  • 1 Common Wall
  • Wooded Lot
  • Garden
  • Density is 11-15 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • Bungalow
  • Property Attached
  • Entry on the 1st floor
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,172 Sq Ft Home
  • 1-Story Property
  • Electric Fireplace
  • Gas Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, repairs
  • Tax Lot 2
  • Tax Tract Number 4303
  • Assessor Parcel Number 8504005023

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 6 Units
  • Foothills

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $10
  • Gardener Expense $1,500
  • Insurance Expense $2,285
  • Maintenance Expense $2,500
  • Trash Expense $1,550
  • Water Sewer Expense $1,700
  • New Taxes Expense $17,475
  • Gross Income $6,042
  • Net Operating Income $71,556

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0.28 Acres

Parking

5

Listing Details

  • CapRate: 0.47
  • Improvements Percent: 36.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1700.00
  • Zoning: Mo RI
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 8504005023
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Fireplace Features: Electric, Gas
  • Levels: One
  • Price Per Square Foot: 346.78

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Trash Expense: 1550.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Land Value Percent: 54.00
  • Lot Features: 11-15 Units/Acre, Garden, Treed Lot
  • Lot Size Sq Ft: 12075.00
  • Price Per Lot Square Foot: 91.10
  • Lot Size Acres: 0.2770

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Repairs

Multi Family

  • Average1 Bed Area: 540
  • Electric Expense: 10.00
  • Gross Income: 6042.00
  • Gross Multiplier: 19.00
  • Gross Scheduled Income: 76656.00
  • Gross Spendable Income: 40863.00
  • Insurance Expense: 2285.00
  • Lot Size Area: 12075.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Maintenance Percent: 3.40
  • Net Operating Income: 71556.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 3000.00
  • Operating Expense Percent: 6.00
  • Rent Control: No
  • Total Actual Rent: 6140.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 17475.00
  • Tax Lot: 2
  • Tax Tract Number: 4303
  • Tax Year: 2014
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2015 07/02/15 Sold $1,100,000 -21.3% $347 / Sq Ft
06/17/2015 06/17/15 Pending -- -- --
12/16/2014 12/16/14 For Sale $1,398,000 -- $441 / 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 $25,019 $1,804,053 $1,353,040 $451,013
2024 $25,019 $1,768,680 $1,326,510 $442,170
2023 $24,463 $1,734,000 $1,300,500 $433,500
2022 $17,800 $1,227,067 $669,309 $557,758
2021 $17,463 $1,203,008 $656,186 $546,822
2020 $16,964 $1,190,674 $649,458 $541,216
2019 $16,678 $1,167,328 $636,724 $530,604
2018 $16,311 $1,144,440 $624,240 $520,200
2016 $15,668 $1,100,000 $600,000 $500,000
2015 $10,001 $650,643 $414,048 $236,595
2014 $9,934 $637,899 $405,938 $231,961
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14259369

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.