NOT LISTED FOR SALE

231 E Colorado Blvd Monrovia, CA 91016

Estimated Value: $877,000 - $1,170,000

3 Beds
2 Baths
1,831 Sq Ft
$563/Sq Ft Est. Value

Last Sold August 05, 2020

Last sale price $680,000 $371 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $6,309/month

46 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Floor Furnace
  • Mayflower Elementary School Rated A
  • Laundry Room
  • 4-minute walk to Rotary Park

About This Home

As of August 2020

2 Units in Monrovia! Great Investment Opportunity! Location, location, location! Because of the COVID-19 this is a "DRIVE BY ONLY" The front unit consists of a two bedroom one bath, with original hard wood floors, fireplace in living, separate dining room also has a bonus room. Back unit has a 1bed 1bath with its own separate back entrance. Needs some TLC.

Last Agent to Sell the Property

Esther Leija

Synergy Real Estate License #01156867 Listed on: 04/20/2020

Last Buyer's Agent

Esther Leija

Synergy Real Estate License #01156867 Listed on: 04/20/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,042

Year Built

  • Built in 1957

Lot Details

  • 8,024 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Cosmetic Repairs Needed
  • Fixer Upper
  • Composition Roof

Interior Spaces

  • 1,831 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Exterior Lighting

Utilities

  • Floor Furnace
  • Water Heater

Listing and Financial Details

  • Legal Lot and Block 20 / J
  • Tax Tract Number 4310
  • Assessor Parcel Number 8516021019

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $360
  • Water Sewer Expense $500
  • Operating Expense $860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,042

Year Built

Built in 1957

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • View: No
  • Water Sewer Expenses: 500.00
  • Zoning: MORM*
  • Property Condition: Fixer, Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 8516021019
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 371.38

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Heating Type: Floor Furnace
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • 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: Front Yard
  • Lot Size Sq Ft: 8024.00
  • Lot Size Acres: 0.1842

Multi Family

  • Gross Scheduled Income: 4500.00
  • Lot Size Area: 8024.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 150.00
  • Rent Control: No
  • Total Actual Rent: 4550.00
  • Total Expenses: 860.00

Tax Info

  • Tax Block: J
  • Tax Census Tract: 4310.01
  • Tax Lot: 20
  • Tax Tract Number: 4310.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2021
Sold by
Chen Feng Esther Sinhong
Bought by
Famil Esther Sinhong Chen Feng
Total Days on Market
46
Current Estimated Value
$1,030,979

Purchase Details

Listed on
Apr 20, 2020
Closed on
Jul 9, 2020
Sold by
Flores Rose M and Amparan Joe P
Bought by
Feng Esther
Seller's Agent
Esther Leija
Synergy Real Estate
Buyer's Agent
Esther Leija
Synergy Real Estate
List Price
$724,900
Sold Price
$680,000
Premium/Discount to List
-$44,900
-6.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.41%
Original Mortgage
$420,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2016
Sold by
Amparan Arthur and Campos Graciela
Bought by
Flores Rose Mary and Amparan Joe P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,500
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2016
Sold by
Flores Jesus L
Bought by
Flores Rose Mary

Purchase Details

Closed on
Sep 22, 2016
Sold by
Flores Rose Mary and Amparan Emilio P
Bought by
Flores Rose Mary and Amparan Jose P

Purchase Details

Closed on
Apr 12, 2011
Sold by
Amparan Emilio P
Bought by
Amparan Emilio P and The Emilio P Amparan Trust
Source: Public Records

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Range of Values:

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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
Famil Esther Sinhong Chen Feng -- None Listed On Document
Feng Esther $680,000 Chicago Title Company
Flores Rose Mary -- None Available
Flores Rose Mary -- Orange Coast Title Company
Flores Rose Mary -- Orange Coast Title Company
Amparan Emilio P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Feng Esther $420,000
Previous Owner Flores Rose Mary $332,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2020 08/05/20 Sold $680,000 -6.2% $371 / Sq Ft
04/20/2020 04/20/20 For Sale $724,900 -- $396 / 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
2024 $10,042 $721,621 $424,483 $297,138
2023 $9,815 $707,472 $416,160 $291,312
2022 $9,533 $693,600 $408,000 $285,600
2021 $9,346 $680,000 $400,000 $280,000
2020 $8,525 $629,377 $518,313 $111,064
2019 $8,376 $617,037 $508,150 $108,887
2018 $8,159 $604,939 $498,187 $106,752
2016 $951 $33,714 $20,066 $13,648
2015 $935 $33,208 $19,765 $13,443
2014 $941 $32,558 $19,378 $13,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20077138

California Regional Multiple Listing Service (CRMLS)

APN: 8516-021-019