NOT LISTED FOR SALE

236 E Olive Ave Monrovia, CA 91016

12 Beds
10 Baths
-- Sq Ft
0.37 Acres

Last Sold June 28, 2016

Last sale price $2,400,000

9 Days on Market

Highlights

  • 0.37 Acre Lot
  • Traditional Architecture
  • Detached Carport Space
  • Mayflower Elementary School Rated A
  • Laundry Room
  • Carpet

About This Home

As of June 2016

Rare opportunity to own a 12 unit building in Monrovia walking distance to Old Town. Well maintained. Upside rental income potential.

Last Agent to Sell the Property

Robert Gayl

Sun Realtors License #00900828 Listed on: 05/04/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.37 Acre Lot
  • Property fronts an alley
  • No Common Walls

Home Design

  • Traditional Architecture
  • Stucco

Flooring

  • Carpet

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • Detached Carport Space
  • Parking Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 8516031028

Community Details

Overview

  • 12 Units

Building Details

  • 12 Leased Units
  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $3,280
  • Maintenance Expense $20,850
  • Trash Expense $3,503
  • Gross Income $138,753

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: MORM*
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 8516031028
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Levels: Two

Exterior Features

  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Detached Carport

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Trash Expense: 3503.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 16232.00
  • Lot Size Acres: 0.3700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 572 Square Feet
  • Average2 Bed Area: 770 Square Feet
  • Fuel Expense: 3280.00
  • Gross Income: 138753.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 4953.00
  • Lot Size Area: 16232.0000 Square Feet
  • Maintenance Expense: 20850.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 82517.00
  • Operating Expense Percent: 59.00

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

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2016 06/28/16 Sold $2,400,000 0.0% --
05/13/2016 05/13/16 Pending -- -- --
05/04/2016 05/04/16 For Sale $2,400,000 -- --
Source: Pasadena-Foothills Association of REALTORS®

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 $40,140 $2,841,108 $1,894,072 $947,036
2024 $40,140 $2,785,401 $1,856,934 $928,467
2023 $39,259 $2,730,786 $1,820,524 $910,262
2022 $38,162 $2,677,242 $1,784,828 $892,414
2021 $37,423 $2,624,748 $1,749,832 $874,916
2019 $35,713 $2,549,698 $1,697,932 $851,766
2018 $34,856 $2,499,760 $1,664,640 $835,120
2016 $16,226 $1,010,189 $248,658 $761,531
2015 $15,903 $995,016 $244,923 $750,093
2014 $15,811 $975,526 $240,126 $735,400
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Robert Gayl

    Sun Realtors

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-316004093

Pasadena-Foothills Association of REALTORS®
California Los Angeles County Monrovia 91016

236 E Olive Ave, Monrovia, CA

Not Listed for Sale

MultiFamily

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