NOT LISTED FOR SALE

237 E Lemon Ave Monrovia, CA 91016

Estimated Value: $1,253,000 - $1,535,000

5 Beds
3 Baths
2,104 Sq Ft
$668/Sq Ft Est. Value

Last Sold December 28, 2021

Last sale price $1,228,000 $584 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $8,860/month

78 Days on Market

Highlights

  • 3 Car Garage
  • Mayflower Elementary School Rated A
  • 3-minute walk to Rotary Park

About This Home

As of December 2021

This is a great triplex located just two blocks from everything Old Town Monrovia has to offer. The bottom floor has 2- 1bd/1ba + den units with hardwood floors throughout, original built-in cabinets, and each with their own private backyards. Upstairs you have a 1bd / 1ba unit with its own balcony. Some of the upgrades include copper plumbing, tankless water heaters, hardwood floors, upgraded electrical panels, garage parking as well as a parking area off the alley, and on-site laundry. One of the bottom units is vacant for an owner to move in or rent it out for additional income. This property has a great location near schools, shops, restaurants, parks, theaters, and Freeways. Dont miss out on this wonderful opportunity to own in Monrovia.

Last Agent to Sell the Property

Rod Vargas

Tierra Properties License #01792503 Listed on: 09/11/2021

Last Buyer's Agent

Henry Suarez

License #00991211

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 7,967 Sq Ft Lot

Parking

  • 3 Car Garage
  • Assigned Parking

Interior Spaces

  • 2,104 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 8516-018-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: This is a great triplex located just two blocks from everything Old Town Monrovia has to offer. The bottom floor has 2 2bedroom / 1 bath units with hardwood floors throughout, original built-in cabinets, and each with their own private backyards. Upstairs you have a 1 bedroom / one bath unit with its own balcony. Some of the upgrades include copper plumbing, tankless water heaters, hardwood floors, upgraded electrical panels, garage parking as well as a parking area off the alley, and on-site laundry. One of bottom units is vacant for the owner to move in or rent it out for additional income. This property has a great location near schools, shops, restaurants, parks, theaters, and Freeways. Dont miss out on this wonderful opportunity to own in Monrovia.
  • Living Area: 2104
  • Lot Acreage: 0.1829
  • Stories: 2
  • Year Built: 1911
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 3.00
  • Equipment: Washer, Dryer
  • Price Per S Q F T: 615.49

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 3
  • Other Spaces: 3
  • Covered Parking: 3
  • Parking Garage: Assigned, Garage
  • Total Parking: 6

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 60.00
  • Assessed Improvement Value: 577422
  • Assessed Land Percent: 40
  • Assessed Land Value: 384948
  • Total Assessed Value: 962370
  • Assessor Parcel Number: 8516-018-021
  • Lot Size Area: 7967

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 20.80
  • Number Of Units: 3
  • Type Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2018
Closed on
Jun 12, 2018
Sold by
Vargas John
Bought by
Vargas Irma R
Seller's Agent
Catherine Teegarden
Distinctive Properties
Buyer's Agent
Rod Vargas
Tierra Properties
List Price
$950,000
Sold Price
$925,000
Premium/Discount to List
-$25,000
-2.63%
Current Estimated Value
$1,406,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$481,469
Avg. Annual Appreciation
5.74%

Purchase Details

Listed on
Apr 15, 2018
Closed on
Apr 30, 2018
Sold by
Bertram Enterprises Llc
Bought by
Vargas Irma R
Seller's Agent
Catherine Teegarden
Distinctive Properties
Buyer's Agent
Rod Vargas
Tierra Properties
List Price
$950,000
Sold Price
$925,000
Premium/Discount to List
-$25,000
-2.63%

Purchase Details

Closed on
May 20, 2014
Sold by
Bertram Felix
Bought by
Bertram Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,350
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2011
Sold by
Bertram Felix
Bought by
Bertram Enterprises Llc

Purchase Details

Closed on
Jan 26, 2011
Sold by
Wescom Credit Union
Bought by
Bertram Felix and Bertram Birgit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 16, 2010
Sold by
Rodriguez Juan
Bought by
Wescom Credit Union

Purchase Details

Closed on
Jan 20, 2006
Sold by
Rodriguez Ruben
Bought by
Rodriguez Juan

Purchase Details

Closed on
Feb 12, 2004
Sold by
Zelkwitz Susan Marie
Bought by
Rodriguez Ruben and Rodriguez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 1998
Sold by
Zelkwitz Susan M
Bought by
Zelkwitz Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
6.89%

Purchase Details

Closed on
Jan 24, 1997
Sold by
Lee Joseph C
Bought by
Zelkwitz Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,210
Interest Rate
7.74%
Mortgage Type
Seller Take Back
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
Vargas Irma R -- First American Title
Vargas Irma R $925,000 First American Title Co
Bertram Enterprises Llc -- Placer Title Company
Bertram Felix -- Placer Title Company
Bertram Enterprises Llc -- None Available
Bertram Felix $430,000 Orange Coast Title
Wescom Credit Union $257,981 None Available
Rodriguez Juan -- Investors Title Company
Rodriguez Ruben -- Chicago Title Co
Zelkwitz Susan M -- Fidelity National Title Ins
Zelkwitz Susan M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bertram Felix $219,350
Previous Owner Bertram Felix $230,000
Previous Owner Rodriguez Ruben $208,000
Previous Owner Zelkwitz Susan M $183,750
Previous Owner Zelkwitz Susan M $11,210
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/28/2021 12/28/21 Sold $1,228,000 -5.2% $584 / Sq Ft
11/28/2021 11/28/21 Pending -- -- --
09/11/2021 09/11/21 For Sale $1,295,000 +40.0% $615 / Sq Ft
06/20/2018 06/20/18 Sold $925,000 -2.6% $440 / Sq Ft View Prior Sale
04/23/2018 04/23/18 Pending -- -- --
04/15/2018 04/15/18 For Sale $950,000 -- $452 / 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 $17,887 $1,303,162 $742,845 $560,317
2024 $17,482 $1,277,611 $728,280 $549,331
2023 $17,083 $1,252,560 $714,000 $538,560
2022 $16,588 $1,228,000 $700,000 $528,000
2021 $13,341 $972,340 $388,936 $583,404
2019 $12,712 $943,500 $377,400 $566,100
2018 $6,940 $484,167 $371,571 $112,596
2016 $6,674 $465,369 $357,144 $108,225
2015 $6,533 $458,380 $351,780 $106,600
2014 $6,481 $449,402 $344,890 $104,512
Source: Public Records

Agents Affiliated with this Home

  • Rod Vargas

    Seller's Agent in 2021

    Rod Vargas

    Tierra Properties

    (310) 925-7492

    1 in this area

    16 Total Sales

    Rod Vargas
    Section Image

  • H

    Buyer's Agent in 2021

    Henry Suarez

  • C

    Seller's Agent in 2018

    Catherine Teegarden

    Distinctive Properties

    (626) 808-8987

    2 in this area

    7 Total Sales

    Catherine Teegarden
    Section Image
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Map

Source: The MLS

MLS Number: 21-782834

The MLS

APN: 8516-018-021

California Los Angeles County Monrovia 91016

237 E Lemon Ave, Monrovia, CA

Not Listed for Sale

MultiFamily

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