NOT LISTED FOR SALE

236 E Olive Ave Monrovia, CA 91016

Monrovia Area
12 Beds
10 Baths
-- Sq Ft
0.37 Acre Lot

Sale Details

Date 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

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 16,232 Sq Ft 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

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

Additional Features

  • 12 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0.37 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2016
Closed on
Jun 9, 2016
Sold by
Bought by
Seller's Agent
Robert Gayl
Sun Realtors
List Price
$2,400,000
Sold Price
$2,400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
3.57%
Mortgage Type
Commercial

Purchase Details

Closed on
May 20, 2010
Sold by
Bought by

Purchase Details

Closed on
May 12, 2009
Sold by
Bought by

Purchase Details

Closed on
Dec 15, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,400,000 Equity Title Company
-- None Available
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,806,000
Closed $975,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $41,116 $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

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-316004093

Pasadena-Foothills Association of REALTORS®
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