NOT LISTED FOR SALE

232 E Palm Ave Monrovia, CA 91016

Estimated Value: $1,153,000 - $1,390,158

5 Beds
4 Baths
2,668 Sq Ft
$473/Sq Ft Est. Value

Last Sold November 10, 2017

Last sale price $900,000 $337 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $7,754/month

47 Days on Market

Highlights

  • Wood Flooring
  • Bathtub with Shower
  • Central Heating and Cooling System
  • Clifton Middle School Rated A-
  • Laundry Room
  • 3-minute walk to Rotary Park

About This Home

As of November 2017

Fabulous Income Property. Duplex in Prime North Monrovia Location. Beautiful two separate houses with great income. Front house consists of 3 bedrooms and 1 1/2 baths (rent $2200). Charming front porch, spacious living room, dining area, kitchen with island and plenty of kitchen cabinets. Updated bathrooms, laundry area, hardwood floors throughout and central air/heat. Rear house has two stories which consists of 3 bedrooms upstairs and 1 bath. Downstairs has living room and dining area with hardwood floors. Kitchen with tile countertops, half bath, laundry area and central air/heat. Both houses have their own yard with patio areas. One car garage plus additional parking in the back. Property is close to schools, library, market and movies theater.

Last Agent to Sell the Property

Charles Picker

I.X.A. License #00414181 Listed on: 08/14/2017

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,919

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,668 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • 7,919 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 8516-011-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 2668
  • Stories: 1
  • Year Built: 1920
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 2
  • Number Disposal: 2
  • Flooring: Carpet, Hardwood, Stone Tile
  • Bedrooms: 5
  • Bathroom Features: Shower Over Tub
  • Laundry: Inside
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Garbage Disposal, Gas Or Electric Dryer Hookup, Range/Oven
  • Price Per S Q F T: 329.09

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Water Meters: 1
  • Water Expense: 1020.00

Fee Information

  • Insurance Expense: 1141.00
  • Trash Expense: 720.00

Lot Info

  • Assessed Improvement Value: 209631
  • Assessed Land Value: 272192
  • Assessor Parcel Number: 8516-011-005
  • Geocode Override: No
  • Lot Size Area: 7919

Rental Info

  • Owner Pays: Gardener, Water
  • Rent Control: No
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.08
  • Number Of Units: 2
  • Type Of Units: DUPLEX

Tax Info

  • Tax Expense: 6556.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 15, 2024
Sold by
Tsoi Hudson and Tsoi Monique
Bought by
Tsoi Family Trust and Tsoi
Current Estimated Value
$1,261,540

Purchase Details

Closed on
Mar 21, 2024
Sold by
Tsoi Hudson and Tsoi Monique
Bought by
Tsoi Family Trust and Tsoi

Purchase Details

Listed on
Aug 14, 2017
Closed on
Oct 24, 2017
Sold by
Hill Meredith M and Ortiz Andres E
Bought by
Hudson Tsoi Monique and Hudson Tsol
Seller's Agent
Charles Picker
I.X.A.
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$878,000
Sold Price
$900,000
Premium/Discount to List
$22,000
2.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.23%
Original Mortgage
$543,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2014
Sold by
Hill Meredith M
Bought by
Hill Meredith M and Ortiz Andres E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$473,500
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2003
Sold by
Hill Meredith and Hill Robert D
Bought by
Hill Meredith M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,800
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 2002
Sold by
Stellern Jeffrey P and Stellern Teresa L
Bought by
Hill Meredith and Hill Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,650
Interest Rate
6.94%

Purchase Details

Closed on
May 17, 2002
Sold by
The Stellern Family Trust
Bought by
Stellern Jeffrey P and Stellern Teresa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,650
Interest Rate
6.94%

Purchase Details

Closed on
Sep 6, 2000
Sold by
Stellern Jeffrey P and Stellern Teresa L
Bought by
Stellern Jeffrey P and Stellern Teresa L

Purchase Details

Closed on
Jan 9, 1998
Sold by
Stellern Jeff and Stellern Gary
Bought by
Stellern Jeffrey P and Stellern Teresa L

Purchase Details

Closed on
Sep 8, 1993
Sold by
Stellern Jeff and Stellern Gary
Bought by
Stellern Jeff and Stellern Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,000
Interest Rate
7.25%
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
Tsoi Family Trust -- None Listed On Document
Tsoi Family Trust -- None Listed On Document
Hudson Tsoi Monique $900,000 Fidelity Sherman Oaks
Hill Meredith M -- None Available
Hill Meredith M -- Commonwealth Land Title
Hill Meredith $350,000 Chicago Title Co
Stellern Jeffrey P -- --
Stellern Jeffrey P -- --
Stellern Jeffrey P -- --
Stellern Jeffrey P -- --
Stellern Jeff -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hudson Tsoi Monique $543,000
Previous Owner Hill Meredith M $473,500
Previous Owner Hill Meredith M $368,800
Previous Owner Hill Meredith $314,650
Previous Owner Stellern Jeff $227,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2017 11/10/17 Sold $900,000 +2.5% $337 / Sq Ft
09/30/2017 09/30/17 Pending -- -- --
08/14/2017 08/14/17 For Sale $878,000 -- $329 / Sq Ft
Source: The MLS

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 $13,731 $1,024,041 $796,478 $227,563
2024 $13,731 $1,003,962 $780,861 $223,101
2023 $13,418 $984,277 $765,550 $218,727
2022 $13,029 $964,979 $750,540 $214,439
2021 $12,771 $946,059 $735,824 $210,235
2020 $12,379 $936,360 $728,280 $208,080
2019 $12,160 $918,000 $714,000 $204,000
2018 $11,867 $900,000 $700,000 $200,000
2017 $6,704 $491,458 $277,635 $213,823
2016 $6,556 $481,823 $272,192 $209,631
2015 $6,415 $474,587 $268,104 $206,483
2014 $6,355 $465,292 $262,853 $202,439
Source: Public Records

Agents Affiliated with this Home

  • Charles Picker

    Seller's Agent in 2017

    Charles Picker

    I.X.A.

    (626) 893-0277

    7 in this area

    140 Total Sales

    Charles Picker
    Section Image

  • S

    Buyer's Agent in 2017

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 17-260434

The MLS

APN: 8516-011-005

California Los Angeles County Monrovia 91016

232 E Palm Ave, Monrovia, CA

Not Listed for Sale

MultiFamily

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