NOT LISTED FOR SALE

233 E Lime Ave Monrovia, CA 91016

Estimated Value: $910,000 - $1,225,000

3 Beds
4 Baths
1,818 Sq Ft
$614/Sq Ft Est. Value

Last Sold March 16, 2017

Last sale price $799,000 $439 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $6,921/month

136 Days on Market

Highlights

  • Property is near public transit
  • Lawn
  • 1-Story Property
  • Mayflower Elementary School Rated A
  • No HOA
  • 3-minute walk to Rotary Park

About This Home

As of March 2017

4 units located in walking distance to Old Town Monrovia, shopping, food and a shuttle to the Gold Line. The front building features two 1 bedroom, and one studios, the rear building is a stand alone unit with 1 bedroom, 1 bath and has a private yard and parking. Alley access with plenty of parking spaces available. Several recent upgrades have been made including new electric panels for each unit. This property might qualify for the Mills Act which offers a substantial property tax savings. Monthly rent potential is $4,625

Last Agent to Sell the Property

Micah Adams

CENTURY 21 ADAMS & BARNES License #01427306 Listed on: 07/22/2016

CENTURY 21 ADAMS & BARNES

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 1947

Lot Details

  • 8,002 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Lawn
  • Front Yard

Home Design

  • Property Attached

Interior Spaces

  • 1,818 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 21
  • Tax Tract Number 4310
  • Assessor Parcel Number 8516011019

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 2 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,495
  • Net Operating Income $41,940

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Property Type: Residential Income
  • Parcel Number: 8516011019
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 439.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Near Public Transit
  • Lot Size Sq Ft: 8002.00
  • Price Per Lot Square Foot: 99.85
  • Lot Size Acres: 0.1840

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3495.00
  • Gross Scheduled Income: 41940.00
  • Lot Size Area: 8002.0000 Square Feet
  • Net Operating Income: 41940.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Actual Rent: 3495.00

Tax Info

  • Tax Lot: 21
  • Tax Tract Number: 4310

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2016
Sold by
West Coast Enterprises Llc
Bought by
Anderson Keith
Current Estimated Value
$1,116,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$769,661
Interest Rate
4.19%
Mortgage Type
VA

Purchase Details

Closed on
May 16, 2008
Sold by
Ward Patrick
Bought by
West Coast Enterprises Llc

Purchase Details

Closed on
Oct 1, 2001
Sold by
Tseng Joe
Bought by
Ward Patrick S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,810
Interest Rate
6.87%

Purchase Details

Closed on
Jul 17, 2001
Sold by
Leung David K and Leung Janet W
Bought by
Tseng Joe

Purchase Details

Closed on
Jun 24, 2001
Sold by
Tseng Rebecca Lin
Bought by
Tseng Joe

Purchase Details

Closed on
Dec 1, 1994
Sold by
King Paul A and Leung David K
Bought by
Leung David K and Leung Janet W
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
Anderson Keith $799,000 Orange Coast Title
West Coast Enterprises Llc -- None Available
Ward Patrick S $301,000 American Title Co
Tseng Joe $200,000 American Title Co
Holland Synnove K -- --
Tseng Joe -- American Title Co
Leung David K -- Benefit Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Anderson Keith $769,661
Previous Owner Ward Patrick S $270,810
Closed Leung David K $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2017 03/16/17 Sold $799,000 0.0% $439 / Sq Ft
12/05/2016 12/05/16 Pending -- -- --
07/22/2016 07/22/16 For Sale $799,000 -- $439 / 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 $12,854 $927,304 $371,386 $555,918
2024 $12,854 $909,122 $364,104 $545,018
2023 $12,564 $891,297 $356,965 $534,332
2022 $12,206 $873,821 $349,966 $523,855
2021 $11,970 $856,688 $343,104 $513,584
2020 $11,617 $847,904 $339,586 $508,318
2019 $11,414 $831,279 $332,928 $498,351
2018 $11,186 $814,980 $326,400 $488,580
2016 $5,787 $375,613 $158,480 $217,133
2015 $5,669 $369,972 $156,100 $213,872
2014 -- $362,726 $153,043 $209,683
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16160273

California Regional Multiple Listing Service (CRMLS)

APN: 8516-011-019