NOT LISTED FOR SALE

231 Jasmine Ave Monrovia, CA 91016

Estimated Value: $1,015,000 - $1,164,000

3 Beds
3 Baths
1,939 Sq Ft
$578/Sq Ft Est. Value

Last Sold March 23, 2022

Last sale price $1,100,000 $567 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,077/month

10 Days on Market

Highlights

  • Above Ground Pool
  • All Bedrooms Downstairs
  • Wood Flooring
  • Clifton Middle School Rated A-
  • Craftsman Architecture
  • 2-minute walk to Rotary Park

About This Home

As of March 2022

Perfect investment opportunity! This beautiful craftsman style home was built in 1902 and includes 3 rental units. Each unit is 1 bedroom, 1 bathroom. The front unit includes a 2-car garage, front deck, and side patio for your renters to take in the breathtaking mountain views. The spacious front yard is gated and nicely landscaped - perfect for summer fun! The backyard includes storage for the back unit so they have plenty of space for their belongings. This property also includes street parking and alley access. Located in Monrovia, this home is directly across from an elementary school and is near shopping, parks, and restaurants with easy access to the freeway. This is a must-see for anyone looking for their next investment!

Last Agent to Sell the Property

Esmeralda Lubin

El Real Estate Associates License #01888399 Listed on: 02/17/2022

Last Buyer's Agent

Richard Montoya

eXp Realty of California Inc License #01403322

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1902

Lot Details

  • 8,627 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Chain Link Fence
  • Front Yard

Parking

  • 2 Car Garage
  • On-Street Parking

Home Design

  • Duplex
  • Craftsman Architecture
  • Raised Foundation

Interior Spaces

  • 1,939 Sq Ft Home
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Above Ground Pool
  • Vinyl Pool

Additional Features

  • Exterior Lighting
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Legal Lot and Block 8 / C
  • Assessor Parcel Number 8517005009

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,000
  • Insurance Expense $1,284
  • Trash Expense $720
  • Water Sewer Expense $3,600
  • Operating Expense $18,000
  • Gross Income $53,400
  • Net Operating Income $27,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1902

Lot Details

8,627 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 3600.00
  • Zoning: MORM*
  • Architectural Style: Craftsman
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 8517005009
  • Year Built: 1902
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Living Room Deck Attached
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 567.30
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Features: Private, Above Ground, Vinyl
  • Pool Private: Yes
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Parking Features: Street
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available
  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 8627.00
  • Lot Size Acres: 0.1980

Multi Family

  • Electric Expense: 3000.00
  • Gross Income: 53400.00
  • Gross Scheduled Income: 53400.00
  • Insurance Expense: 1284.00
  • Lot Size Area: 8627.0000 Square Feet
  • Net Operating Income: 27000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 21600.00
  • Rent Control: No
  • Total Expenses: 18000.00

Tax Info

  • Tax Block: C
  • Tax Census Tract: 4310.01
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2022
Closed on
Mar 22, 2022
Sold by
Scott Daniels
Bought by
Anderson Keith
Seller's Agent
Esmeralda Lubin
El Real Estate Associates
Buyer's Agent
Richard Montoya
eXp Realty of California Inc
List Price
$1,000,000
Sold Price
$1,100,000
Premium/Discount to List
$100,000
10%
Current Estimated Value
$1,121,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,683
Avg. Annual Appreciation
0.50%
Original Mortgage
$825,000
Outstanding Balance
$768,849
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$352,834

Purchase Details

Closed on
Apr 8, 1994
Sold by
Bowman Carolyn R
Bought by
Daniels Linda
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Anderson Keith $1,100,000 First American Title Company O
Daniels Linda -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Keith $825,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2022 03/23/22 Sold $1,100,000 +10.0% $567 / Sq Ft
02/27/2022 02/27/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $1,000,000 -- $516 / 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 $15,575 $1,167,328 $875,496 $291,832
2024 $15,575 $1,144,440 $858,330 $286,110
2023 $15,217 $1,122,000 $841,500 $280,500
2022 $1,729 $76,882 $33,280 $43,602
2021 $1,691 $75,376 $32,628 $42,748
2020 $10,375 $780,300 $416,160 $364,140
2019 $1,549 $73,142 $31,661 $41,481
2018 $1,449 $71,709 $31,041 $40,668
2016 $1,383 $68,927 $29,837 $39,090
2015 $1,358 $67,892 $29,389 $38,503
2014 $1,359 $66,563 $28,814 $37,749
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22031039

California Regional Multiple Listing Service (CRMLS)

APN: 8517-005-009

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