M
Seller's Agent in 2021
MARCIA HINES
MARKETPLACE REALTY
(626) 821-3500
1 in this area
6 Total Sales
240 W Walnut Ave Monrovia, CA 91016
Estimated Value: $1,494,000 - $2,234,000
6
Beds
8
Baths
3,700
Sq Ft
$503/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Primary Bedroom Suite
- Mountain View
- Monrovia High School Rated A
- Custom Home
- Property is near public transit
About This Home
As of April 2021This is a Must See Investment Property.......
This investment property has been owner occupied by the owners for over 20 years. The owners treated this well designed and landscaped property as their home and installed some of the best material as they design each of the four units. This two(2) unit 2.25 bathroom townhouse units are in superb condition. The townhouse bedroom units each were completed with on suite and custom cabinetry, recessed light, central HVAC units. Both bedrooms have new carpeting, ceiling fans and walk-in closets. The kitchens are completed with beautiful hickory kitchen cabinets and custom installed granite, the bathrooms are adorned with natural stones and tile counter tops and tile showers, each guest bathroom downstairs is finished with Kolher fixtures and marble vanity tops and custom cabinets. The two, one bedroom, one bath units have also been recently remodeled as well with custom kitchens and baths with tile and carpet flooring. The landscaping is very peaceful and very relaxing, the property is totally secure with security rod iron gates, blocks and partial fencing. Rents in these units are low compared to market rents. As stated before this is a must see property either as a owner occupied or as an investment property.
Last Agent to Sell the Property
MARKETPLACE REALTY License #01774959 Listed on: 11/09/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,589
Year Built
- Built in 1957
Lot Details
- 8,014 Sq Ft Lot
- Two or More Common Walls
- Security Fence
- Wrought Iron Fence
- Partially Fenced Property
- Block Wall Fence
- Chain Link Fence
- Fence is in fair condition
- Landscaped
- Secluded Lot
- Rectangular Lot
- Level Lot
- Front and Back Yard Sprinklers
- Private Yard
- Lawn
- Garden
- Back and Front Yard
Parking
- 7 Car Garage
- Public Parking
- Parking Available
- Front Facing Garage
- Rear-Facing Garage
- Brick Driveway
- Combination Of Materials Used In The Driveway
Home Design
- Custom Home
- Quadruplex
- Turnkey
- Slab Foundation
- Interior Block Wall
- Composition Roof
- Stucco
Interior Spaces
- 3,700 Sq Ft Home
- Ceiling Fan
- Plantation Shutters
- Blinds
- Sliding Doors
- Insulated Doors
- Mountain Views
- Attic Fan
- Fire and Smoke Detector
Kitchen
- Self-Cleaning Oven
- Free-Standing Range
- Range Hood
- Microwave
- Dishwasher
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
- Mirrored Closets Doors
- 8 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- SEER Rated 13-15 Air Conditioning Units
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Wall Furnace
- Central Water Heater
- Satellite Dish
Additional Features
- Accessible Parking
- Property is near public transit
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Legal Lot and Block 10 / V
- Tax Tract Number 4311
Community Details
Overview
- 4 Units
- Foothills
Amenities
- Laundry Facilities
Recreation
- Golf Course Community
- Park
- Hiking Trails
- Bike Trail
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $625
- Gardener Expense $125
- Insurance Expense $246
- Trash Expense $985
- Water Sewer Expense $2,490
- New Taxes Expense $5,275
- Operating Expense $13,876
- Gross Income $86,000
- Net Operating Income $52,625
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 24, 2023
Sold by
Liao Mei Yun
Bought by
Walnut 240 Llc
Current Estimated Value
Purchase Details
Listed on
Nov 9, 2020
Closed on
Mar 4, 2021
Sold by
Harris Laurice R and The Laurice R Harris Living Tr
Bought by
Liao Mei Yun
Seller's Agent
MARCIA HINES
MARKETPLACE REALTY
Buyer's Agent
ANNIE WONG
A & K Construction And Realty Inc
List Price
$1,789,999
Sold Price
$1,625,000
Premium/Discount to List
-$164,999
-9.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.79%
Original Mortgage
$1,125,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 8, 2011
Sold by
Harris Laurice R
Bought by
Harris Laurice R and The Laurice R Harris Living Trust
Purchase Details
Closed on
Sep 28, 2007
Sold by
Harris Laurice R
Bought by
Harris Laurice R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 18, 2004
Sold by
Harris Laurice R
Bought by
Harris Laurice R and The Laurice R Harris 2004 Trust
Purchase Details
Closed on
Apr 20, 1999
Sold by
First National Bank Of Chicago
Bought by
Harris Laurice R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,800
Interest Rate
9.37%
Purchase Details
Closed on
Apr 23, 1998
Sold by
Kelly Delos H
Bought by
Rtc Mtg Pass Through Certificates Series
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Walnut 240 Llc | -- | None Listed On Document | |
| Liao Mei Yun | $1,625,000 | Provident Title Company | |
| Harris Laurice R | -- | None Available | |
| Harris Laurice R | -- | Fidelity National Title | |
| Harris Laurice R | -- | -- | |
| Harris Laurice R | $256,000 | -- | |
| Rtc Mtg Pass Through Certificates Series | $207,200 | Landsafe Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Liao Mei Yun | $1,125,000 | |
| Previous Owner | Harris Laurice R | $514,000 | |
| Previous Owner | Harris Laurice R | $549,500 | |
| Previous Owner | Harris Laurice R | $552,000 | |
| Previous Owner | Harris Laurice R | $100,000 | |
| Previous Owner | Harris Laurice R | $315,000 | |
| Previous Owner | Harris Laurice R | $305,000 | |
| Previous Owner | Harris Laurice R | $204,800 | |
| Closed | Harris Laurice R | $51,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/07/2021 04/07/21 | Sold | $1,625,000 | -1.5% | $439 / Sq Ft |
| 02/24/2021 02/24/21 | Pending | -- | -- | -- |
| 12/22/2020 12/22/20 | Price Changed | $1,649,000 | -7.9% | $446 / Sq Ft |
| 11/09/2020 11/09/20 | For Sale | $1,789,999 | -- | $484 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $23,589 | $1,758,950 | $974,188 | $784,762 |
| 2024 | $23,589 | $1,724,462 | $955,087 | $769,375 |
| 2023 | $23,052 | $1,690,650 | $936,360 | $754,290 |
| 2022 | $22,384 | $1,657,500 | $918,000 | $739,500 |
| 2021 | $6,023 | $372,054 | $162,202 | $209,852 |
| 2020 | $5,867 | $368,680 | $160,539 | $208,141 |
| 2019 | $5,774 | $361,461 | $157,392 | $204,069 |
| 2018 | $5,551 | $354,383 | $154,306 | $200,077 |
| 2016 | $5,316 | $340,201 | $148,315 | $191,886 |
| 2015 | $5,208 | $335,092 | $146,088 | $189,004 |
| 2014 | $5,177 | $328,529 | $143,227 | $185,302 |
Source: Public Records
Agents Affiliated with this Home
-
-
A
Buyer's Agent in 2021
ANNIE WONG
A & K Construction And Realty Inc
(626) 821-1919
2 in this area
65 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV20236517
APN: 8508-005-039
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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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