NOT LISTED FOR SALE

237 N 7th St Montebello, CA 90640

Estimated Value: $1,087,000 - $1,196,000

5 Beds
3 Baths
2,783 Sq Ft
$414/Sq Ft Est. Value

Last Sold June 17, 2021

Last sale price $1,000,000 $359 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $7,631/month

11 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • Wood Flooring
  • No HOA
  • Laundry Room

About This Home

As of June 2021

Great investment property. Live in one and rent two out. It offers a detached front house with 3 bedrooms + den which can be 4th bedroom, 1.75 bathrooms, inside laundry. sizing approximately 1,727 sq.ft. Two 1 bedroom, 1 bathroom units in the back. Have onsite laundry. Separate gas, electricity and water heaters for each unit. All units provide garage parking. Four parking spaces in front of the garages. Situated nearby school, parks and shopping center. Easy access to 60 Freeway. Property sold as is. Thank You for showing!

Last Agent to Sell the Property

Yue Chang Lei

Pinnacle Real Estate Group License #01883075 Listed on: 05/27/2021

Pinnacle Real Estate Group

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $15,101

Year Built

  • Built in 1952

Lot Details

  • 7,780 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Private Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available

Home Design

  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,783 Sq Ft Home
  • Ceiling Fan
  • Window Screens
  • Living Room with Fireplace
  • Carbon Monoxide Detectors
  • Laundry Room

Kitchen

  • Gas Oven
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 26
  • Tax Tract Number 1810
  • Assessor Parcel Number 6346012023

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Trash Expense $720
  • Water Sewer Expense $1,800
  • New Taxes Expense $11,600
  • Operating Expense $15,520
  • Gross Income $56,400
  • Net Operating Income $38,388

Property Details

Home Type

Apartment

Est. Annual Taxes

$15,101

Year Built

Built in 1952

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s)
  • View: No
  • Water Sewer Expenses: 1800.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 6346012023
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile, Wood
  • Accessibility Features: See Remarks
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 359.32
  • Room Type: All Bedrooms Down, All Bedrooms Up, Laundry, Living Room
  • Window Features: Screens

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Concrete, Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Water Heater
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Yard
  • Lot Size Sq Ft: 7780.00
  • Lot Size Acres: 0.1786

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 56400.00
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 7780.0000 Square Feet
  • Net Operating Income: 38388.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Disposal: 1
  • Operating Expense: 16300.00
  • Rent Control: Yes
  • Total Actual Rent: 56400.00
  • Total Expenses: 15520.00

Tax Info

  • New Taxes Expense: 11600.00
  • Tax Lot: 26
  • Tax Tract Number: 1810

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2021
Closed on
Jun 15, 2021
Sold by
Jvi Network Llc
Bought by
Liu Corrine Luyao and Duan Yuhae
Seller's Agent
Yue Chang Lei
Pinnacle Real Estate Group
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$977,000
Sold Price
$1,000,000
Premium/Discount to List
$23,000
2.35%
Current Estimated Value
$1,163,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,974
Avg. Annual Appreciation
4.08%

Purchase Details

Closed on
Jan 8, 2020
Sold by
Yu Po Chu and Yang Xiaodan
Bought by
Jvj Network Llc

Purchase Details

Listed on
Aug 16, 2019
Closed on
Oct 30, 2019
Sold by
Lui Michael M
Bought by
Yu Po Chu
Seller's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
Buyer's Agent
Tigran Grigoryan
Remax Commercial and Investment Realty
List Price
$840,000
Sold Price
$820,000
Premium/Discount to List
-$20,000
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.52%
Original Mortgage
$492,000
Interest Rate
4.5%

Purchase Details

Listed on
Aug 16, 2019
Closed on
Oct 8, 2019
Sold by
Perez Gloria P
Bought by
Yu Po Chu and Yang Xiaodan
Seller's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
Buyer's Agent
Tigran Grigoryan
Remax Commercial and Investment Realty
List Price
$840,000
Sold Price
$820,000
Premium/Discount to List
-$20,000
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
4.5%

Purchase Details

Closed on
Apr 11, 2016
Sold by
Gomez Frank and Hiyoshi Irene S
Bought by
Perez Manuel and Perez Gloria P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 2012
Sold by
Gomez Frank and Hiyoshi Irene S
Bought by
Gomez Frank and Hiyoshi Irene S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2012
Sold by
Gomez Frank and Hiyoshi Irene
Bought by
Hiyoshi Irene and Gomez Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2007
Sold by
Gomez Frank and Hiyoshi Irene
Bought by
Gomez Frank and Hiyoshi Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$411,000
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2007
Sold by
Gomez Frank and Hiyoshi Irene S
Bought by
Gomez Frank and Hiyoshi Irene S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$411,000
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2006
Sold by
Gomez Frank and Hiyoshi Irene S
Bought by
Gomez Frank and Hiyoshi Irene S

Purchase Details

Closed on
Feb 22, 2000
Sold by
Serrato Joe
Bought by
Gomez Frank and Hiyoshi Irene S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,509
Interest Rate
8.24%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Liu Corrine Luyao $1,000,000 Wfg National Title Company
Jvj Network Llc -- None Available
Yu Po Chu -- Fidelity National Title Co
Yu Po Chu $820,000 Fidelity National Title Co
Perez Manuel $739,000 Fidelity National Title Co
Gomez Frank -- None Available
Hiyoshi Irene -- None Available
Gomez Frank -- None Available
Gomez Frank -- Commonwealth Land Title Co
Gomez Frank -- None Available
Gomez Frank $268,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yu Po Chu $492,000
Previous Owner Perez Manuel $472,500
Previous Owner Perez Manuel $472,500
Previous Owner Hiyoshi Irene $390,000
Previous Owner Gomez Frank $411,000
Previous Owner Gomez Frank $304,500
Previous Owner Gomez Frank $244,000
Previous Owner Gomez Frank $264,509
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2021 06/17/21 Sold $1,000,000 +2.4% $359 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $977,000 +19.1% $351 / Sq Ft
11/05/2019 11/05/19 Sold $820,000 -2.4% $295 / Sq Ft
09/05/2019 09/05/19 Pending -- -- --
08/16/2019 08/16/19 For Sale $840,000 -- $302 / 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 $15,101 $1,082,430 $649,458 $432,972
2024 $15,101 $1,061,207 $636,724 $424,483
2023 $15,089 $1,040,400 $624,240 $416,160
2022 $14,586 $1,020,000 $612,000 $408,000
2021 $11,808 $828,495 $505,180 $323,315
2020 $11,716 $799,915 $479,516 $320,399
2019 $11,096 $784,231 $470,114 $314,117
2018 $11,224 $768,855 $460,897 $307,958
2016 $5,319 $347,941 $167,479 $180,462
2015 $5,031 $342,716 $164,964 $177,752
2014 $4,972 $336,004 $161,733 $174,271
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2021

    Yue Chang Lei

    Pinnacle Real Estate Group

    (626) 215-7012

    3 in this area

    32 Total Sales

    Section Image

  • N

    Buyer's Agent in 2021

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    5,782 Total Sales

    Section Image
  • Shant Sherbetdjian

    Seller's Agent in 2019

    Shant Sherbetdjian

    RE/MAX

    (626) 657-8135

    11 in this area

    56 Total Sales

    Section Image

  • T

    Buyer's Agent in 2019

    Tigran Grigoryan

    RE/MAX

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21114552

California Regional Multiple Listing Service (CRMLS)

APN: 6346-012-023

California Los Angeles County Montebello 90640

237 N 7th St, Montebello, CA

This home is located at 237 N 7th St, Montebello, CA 90640 since 27 May 2021 and is currently estimated at $1,150,822, approximately $413 per square foot. This property was built in 1952. 237 N 7th St is a home located in Los Angeles County with nearby schools including Fremont Elementary School, La Merced Intermediate School, and Montebello High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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