NOT LISTED FOR SALE

Estimated Value: $1,095,875

3 Beds
2 Baths
2,652 Sq Ft
$413/Sq Ft Est. Value

Last Sold November 12, 2020

Last sale price $860,000 $324 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,837/month

28 Days on Market

About This Home

As of November 2020

UNICORN! Property has never been for sale on open market. Same owner for 60 years. Legacy Property! Fully zoned, live and work set up with 3 commercial store fronts in the front, and duplex in the back. Home of the legendary Al's Barber Shop. An El Monte staple since 1955. Numbers are already fantastic, but huge upside on rents, as tenants have been on month to month for 15+ years. For all development application, please check with the city. Perfect for owner user. Live in the back, and work in the front. You see it in Brea! You see it in Pasadena! But never in El Monte. Conveniently located near the 60, 10, and 605 freeway.

Last Agent to Sell the Property

Christine Cheng

Keller Williams Realty/Temecula License #01991087 Listed on: 08/12/2020

Keller Williams Realty/Temecula

Co-Listed By

Derek Oie

KW VISION License #01089705

Last Buyer's Agent

Tracy Tsoi

eXp Realty of Greater L.A. Inc License #01848587

eXp Realty of Greater L.A. Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 0.3 Acre Lot
  • Two or More Common Walls

Parking

  • 2 Car Garage
  • Parking Available
  • Parking Lot

Home Design

  • 2,652 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near park

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 8
  • Tax Tract Number 11503
  • Assessor Parcel Number 8108013008

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • 3 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,800
  • Water Sewer Expense $4,800
  • New Taxes Expense $9,036
  • Operating Expense $16,636
  • Gross Income $59,400
  • Net Operating Income $42,764

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4800.00
  • Zoning: EMM1*
  • Property Type: Residential Income
  • Parcel Number: 8108013008
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 324.28

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Parking Space
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 12963.00
  • Lot Size Acres: 0.2976

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 59400.00
  • Gross Scheduled Income: 59400.00
  • Insurance Expense: 2800.00
  • Lot Size Area: 12963.0000 Square Feet
  • Net Operating Income: 42764.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 5
  • Operating Expense: 16636.00
  • Rent Control: No
  • Total Actual Rent: 2950.00
  • Total Expenses: 16636.00

Tax Info

  • New Taxes Expense: 9036.00
  • Tax Census Tract: 4340.03
  • Tax Lot: 8
  • Tax Tract Number: 11503

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2020
Closed on
Sep 16, 2020
Sold by
Castillo Josephine M
Bought by
Fung Connie Yuk Yin
Seller's Agent
Christine Cheng
Keller Williams Realty/Temecula
Buyer's Agent
Tracy Tsoi
eXp Realty of Greater L.A. Inc
List Price
$850,000
Sold Price
$860,000
Premium/Discount to List
$10,000
1.18%
Current Estimated Value
$1,095,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,875
Avg. Annual Appreciation
4.83%

Purchase Details

Closed on
Nov 11, 1996
Sold by
Castillo Albert and Castillo Josephine
Bought by
Castillo Albert B and Castillo Josephine M
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
Fung Connie Yuk Yin $860,000 First American Title Company
Castillo Albert B -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2020 11/12/20 Sold $860,000 +1.2% $324 / Sq Ft
09/09/2020 09/09/20 Pending -- -- --
08/29/2020 08/29/20 Price Changed $850,000 0.0% $321 / Sq Ft
08/29/2020 08/29/20 For Sale $850,000 -5.5% $321 / Sq Ft
08/24/2020 08/24/20 Price Changed $899,000 +4.5% $339 / Sq Ft
08/24/2020 08/24/20 Pending -- -- --
08/20/2020 08/20/20 Off Market $860,000 -- --
08/15/2020 08/15/20 Price Changed $799,000 +2.5% $301 / Sq Ft
08/12/2020 08/12/20 For Sale $779,800 -- $294 / 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 $13,144 $930,889 $653,788 $277,101
2024 $13,144 $912,637 $640,969 $271,668
2023 $12,932 $894,743 $628,401 $266,342
2022 $12,440 $877,200 $616,080 $261,120
2021 $12,407 $860,000 $604,000 $256,000
2019 $2,054 $90,722 $38,440 $52,282
2018 $1,796 $88,944 $37,687 $51,257
2016 $1,655 $85,492 $36,225 $49,267
2015 $1,639 $84,208 $35,681 $48,527
2014 $1,627 $82,560 $34,983 $47,577
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS20164034

California Regional Multiple Listing Service (CRMLS)

APN: 8108-013-008