NOT LISTED FOR SALE

231 Elizabeth Ave Monterey Park, CA 91755

Estimated Value: $1,011,000 - $1,299,000

4 Beds
2 Baths
1,740 Sq Ft
$659/Sq Ft Est. Value

Last Sold December 21, 2020

Last sale price $850,000 $489 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $7,045/month

14 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • Chain Link Fence
  • Monterey Vista Elementary School Rated A-

About This Home

As of December 2020

231 Elizabeth features two buildings on one 8,981 Sq. Ft. lot. Each unit has 2 bedrooms and 1 bathroom. The front unit enjoys a spacious front yard and a detached 2-car garage. The back unit enjoys ample driveway space and a backyard area. The subject property is conveniently located near the 10 freeway, a major thoroughfare to Downtown Los Angeles and the 605 freeway. Nearby schools include Arlene Bitely Elementary, Richard Garvey Intermediate, and Mark Keppel High School. This is a perfect add value opportunity to rehab the property. The property will require a full remodel of the back house to bring up to code and living condition. The front house needs to be updated to maximize the rent potential.

Last Agent to Sell the Property

Henry Camacho

Henry Steven Camacho License #01072434 Listed on: 12/03/2020

Last Buyer's Agent

Henry Camacho

Henry Steven Camacho License #01072434 Listed on: 12/03/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,526

Year Built

  • Built in 1915

Lot Details

  • 8,981 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Private Yard
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,740 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 1874
  • Assessor Parcel Number 5258006048

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $1,177
  • Operating Expense $1,177

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,526

Year Built

Built in 1915

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: MPR2YY
  • Property Type: Residential Income
  • Parcel Number: 5258006048
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 488.51

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Yard
  • Lot Size Sq Ft: 8981.00
  • Lot Size Acres: 0.2062

Multi Family

  • Lot Size Area: 8981.0000 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: 1177.00
  • Rent Control: No
  • Total Expenses: 1177.00

Tax Info

  • New Taxes Expense: 1177.00
  • Tax Census Tract: 4817.12
  • Tax Lot: 11
  • Tax Tract Number: 1874

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2020
Closed on
Dec 12, 2020
Sold by
Thomas Garcia And Rita Garcia Revocable
Bought by
Lau Chuen and Chu Hing Ling
Seller's Agent
Henry Camacho
Henry Steven Camacho
Buyer's Agent
Henry Camacho
Henry Steven Camacho
List Price
$650,000
Sold Price
$850,000
Premium/Discount to List
$200,000
30.77%
Current Estimated Value
$1,146,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$296,493
Avg. Annual Appreciation
6.36%

Purchase Details

Listed on
Dec 3, 2020
Closed on
Dec 11, 2020
Sold by
Zamora Josephine and Thomas Garcia
Bought by
Lau Chuen and Chu Hing Ling
Seller's Agent
Henry Camacho
Henry Steven Camacho
Buyer's Agent
Henry Camacho
Henry Steven Camacho
List Price
$650,000
Sold Price
$850,000
Premium/Discount to List
$200,000
30.77%

Purchase Details

Closed on
Aug 21, 1995
Sold by
Garcia Thomas and Garcia Rita
Bought by
Garcia Thomas and Garcia Rita
Source: Public Records

Range of Values:

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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
Lau Chuen $850,000 Wfg National Title Insurance C
Lau Chuen $850,000 Wfg National Title Company
Garcia Thomas -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2020 12/21/20 Sold $850,000 +30.8% $489 / Sq Ft
12/11/2020 12/11/20 For Sale $650,000 -23.5% $374 / Sq Ft
12/06/2020 12/06/20 Off Market $850,000 -- --
12/03/2020 12/03/20 For Sale $650,000 -- $374 / 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 $12,526 $920,066 $644,046 $276,020
2024 $12,526 $902,026 $631,418 $270,608
2023 $12,110 $884,340 $619,038 $265,302
2022 $11,562 $867,000 $606,900 $260,100
2021 $11,512 $850,000 $595,000 $255,000
2020 $1,177 $51,727 $23,284 $28,443
2019 $1,154 $50,714 $22,828 $27,886
2018 $994 $49,721 $22,381 $27,340
2016 $958 $47,792 $21,513 $26,279
2015 $940 $47,075 $21,190 $25,885
2014 $943 $46,153 $20,775 $25,378
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2020

    Henry Camacho

    Henry Steven Camacho

    (562) 632-1707

    1 in this area

    10 Total Sales

    Henry Camacho
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20250250

California Regional Multiple Listing Service (CRMLS)

APN: 5258-006-048

California Los Angeles County Monterey Park 91755

231 Elizabeth Ave, Monterey Park, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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