NOT LISTED FOR SALE

241 E Fremont Square Montebello, CA 90640

1 Bed
1 Bath
9,912 Sq Ft
21,719 Sq Ft Lot

Last Sold July 15, 2024

Last sale price $3,800,000 $383 Per Sq Ft

94 Days on Market

Highlights

  • 0.5 Acre Lot
  • Cul-De-Sac
  • Laundry Room
  • Community Pool

About This Home

As of July 2024

Nestled in the city of Montebello, this property makes for a great home. Walkable neighborhood and a pool on site.

Last Agent to Sell the Property

David Covarrubias

MARCUS & MILLICHAP Brokerage Phone: 626-319-2479 Listed on: 02/16/2024

Co-Listed By

Douglas McCauley

MARCUS & MILLICHAP Brokerage Phone: 626-319-2479

Last Buyer's Agent

David Covarrubias

MARCUS & MILLICHAP Brokerage Phone: 626-319-2479 Listed on: 02/16/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.5 Acre Lot
  • Two or More Common Walls
  • Cul-De-Sac

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 9,912 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 24004
  • Assessor Parcel Number 6347008015

Community Details

Recreation

  • Community Pool

Building Details

  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,225
  • Fuel Expense $4,225
  • Gardener Expense $1,500
  • Insurance Expense $7,000
  • Maintenance Expense $14,910
  • Pool Expense $4,200
  • Professional Management Expense $20,400
  • Trash Expense $4,225
  • Water Sewer Expense $4,225
  • New Taxes Expense $56,000
  • Operating Expense $120,910
  • Gross Income $292,754
  • Net Operating Income $171,844

Additional Features

  • 16 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0.5 Acres

Listing Details

  • Professional Management Expense: 20400.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4225.00
  • Zoning: MNR3YY
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 6347008015
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 383.37

Exterior Features

  • Pool Expense: 4200.00
  • Pool Features: Community
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 4225.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 21717.00
  • Lot Size Acres: 0.4986
  • Latitude Manual: 34.01044700

Multi Family

  • Electric Expense: 4225.00
  • Fuel Expense: 4225.00
  • Gross Income: 292754.00
  • Gross Operating Income: 292754.00
  • Gross Scheduled Income: 298200.00
  • Insurance Expense: 7000.00
  • Laundry Income: 3500.00
  • Lot Size Area: 21717.0000 Square Feet
  • Maintenance Expense: 14910.00
  • Net Operating Income: 171844.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 120910.00
  • Rent Control: No
  • Total Expenses: 120910.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 56000.00
  • Tax Census Tract: 5301.01
  • Tax Lot: 6
  • Tax Tract Number: 24004
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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
02/04/2025 02/04/25 Off Market $1,825 -- --
10/08/2024 10/08/24 Price Changed $1,825 -1.4% $3 / Sq Ft
09/27/2024 09/27/24 Price Changed $1,850 +1.4% $3 / Sq Ft
08/02/2024 08/02/24 Price Changed $1,825 0.0% $3 / Sq Ft
07/30/2024 07/30/24 For Rent $1,825 0.0% --
07/15/2024 07/15/24 Sold $3,800,000 -9.5% $383 / Sq Ft
05/20/2024 05/20/24 Pending -- -- --
03/27/2024 03/27/24 Price Changed $4,198,000 -6.7% $424 / Sq Ft
03/07/2024 03/07/24 Price Changed $4,500,000 -10.0% $454 / Sq Ft
02/16/2024 02/16/24 For Sale $5,000,000 -- $504 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $19,687 $3,800,000 $2,200,000 $1,600,000
2024 $19,687 $1,174,304 $631,906 $542,398
2023 $8,452 $336,933 $82,445 $254,488
2022 $8,240 $330,328 $80,829 $249,499
2021 $7,977 $323,852 $79,245 $244,607
2020 $7,931 $323,202 $78,433 $244,769
2019 $7,755 $316,918 $76,896 $240,022
2018 $7,490 $310,758 $75,389 $235,369
2016 $7,006 $296,126 $72,462 $223,664
2015 $6,719 $291,679 $71,374 $220,305
2014 $6,731 $285,966 $69,976 $215,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24033541

California Regional Multiple Listing Service (CRMLS)
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