NOT LISTED FOR SALE

229 N 5th St Montebello, CA 90640

Estimated Value: $1,275,000 - $1,586,000

7 Beds
4 Baths
3,244 Sq Ft
$435/Sq Ft Est. Value

Last Sold September 02, 2016

Last sale price $850,000 $262 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $8,540/month

99 Days on Market

Highlights

  • Dual Staircase
  • Cooling System Mounted To A Wall/Window
  • Level Lot
  • Contemporary Architecture
  • Laundry Room
  • Carpet

About This Home

As of September 2016

Back on the Market!!!First time on the market since built! These custom built units have been well cared for, each unit has an extra large master bedroom, the kitchen is nice and open with a large eating area. Large carport in the back, community laundry room, roof is only 1 year old, water heat is also 1 year old. Complex is located in a great area of North Montebello with in walking distance of shops, schools and hospital. The property consisted of 4 units 3 two bedroom 1 bath units and one 1 bedroom 1 bath unit. This property is not located in any type of rent control restrictions. Going rents for a two bedroom in the area is $1,400 for a 2 bedroom and $1,100 for a 1 bedroom. Please do not walk on property or disturb the tenants. Buy this property with and FHA loan with only 3.5% down.

Last Agent to Sell the Property

Armando Gonzalez

Century 21 Allstars License #01028116 Listed on: 05/16/2016

Century 21 Allstars

Last Buyer's Agent

Ernesto Ramos

Excellence RE Real Estate, Inc. License #01160122

Excellence RE Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 6,817 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 6 Car Garage
  • Carport
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Stucco

Interior Spaces

  • 3,244 Sq Ft Home
  • Dual Staircase
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 8
  • Tax Tract Number 5426
  • Assessor Parcel Number 6346014009

Community Details

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $576
  • Gardener Expense $360
  • Insurance Expense $1,400
  • Trash Expense $2,160
  • Water Sewer Expense $1,800
  • New Taxes Expense $11,125
  • Operating Expense $20,000
  • Gross Income $4,000

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 6346014009
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: Two
  • Price Per Square Foot: 262.02
  • Room Type: Master Bedroom

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 2160.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6817.00
  • Price Per Lot Square Foot: 124.69

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 576.00
  • Gross Income: 4000.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 1400.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Expenses: 20000.00

Tax Info

  • New Taxes Expense: 11125.00
  • Tax Lot: 8
  • Tax Tract Number: 5426

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2016
Closed on
Aug 24, 2016
Sold by
Jauregui Ruben G
Bought by
Martinez Miguel and Martinez Mary
Seller's Agent
Armando Gonzalez
Century 21 Allstars
Buyer's Agent
Ernesto Ramos
Excellence RE Real Estate, Inc.
List Price
$890,000
Sold Price
$850,000
Premium/Discount to List
-$40,000
-4.49%
Current Estimated Value
$1,410,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$560,378
Avg. Annual Appreciation
5.55%

Purchase Details

Closed on
May 31, 2016
Sold by
Jauregui Ruben G and Jauregui Gloria
Bought by
Jauregui Ruben G and Jauregui Gloria
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
Martinez Miguel $850,000 Old Republic Title Company
Jauregui Ruben G -- Accommodation
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2016 09/02/16 Sold $850,000 -2.2% $262 / Sq Ft
08/08/2016 08/08/16 Price Changed $869,000 -0.7% $268 / Sq Ft
07/14/2016 07/14/16 Price Changed $875,000 -1.7% $270 / Sq Ft
05/16/2016 05/16/16 For Sale $890,000 -- $274 / 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 $13,980 $986,493 $580,292 $406,201
2024 $13,980 $967,151 $568,914 $398,237
2023 $13,966 $948,188 $557,759 $390,429
2022 $13,504 $929,597 $546,823 $382,774
2021 $13,054 $911,370 $536,101 $375,269
2019 $12,556 $884,340 $520,200 $364,140
2018 $12,745 $867,000 $510,000 $357,000
2016 $3,663 $217,679 $26,279 $191,400
2015 $3,477 $214,410 $25,885 $188,525
2014 $3,450 $210,211 $25,378 $184,833
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16104275

California Regional Multiple Listing Service (CRMLS)

APN: 6346-014-009