NOT LISTED FOR SALE

241 E Fremont Square Montebello, CA 90640

1 Bed
1 Bath
9,912 Sq Ft
0.5 Acres

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

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

Listing Details

  • Price Per Unit: 262375
  • 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
  • Entry Location: front
  • 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: 8946
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 56000.00
  • Tax Census Tract: 5301.01
  • Tax Lot: 6
  • Tax Tract Number: 24004

Range of Values:

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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 Change Sq Ft Price
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Covarrubias

    Seller's Agent in 2024

    David Covarrubias

    MARCUS & MILLICHAP

    (909) 456-3400

    1 in this area

    46 Total Sales

    Section Image
  • Douglas McCauley

    Seller Co-Listing Agent in 2024

    Douglas McCauley

    MARCUS & MILLICHAP

    (909) 456-3493

    1 in this area

    44 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24033541

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Montebello 90640

241 E Fremont Square, Montebello, CA

This home is located at 241 E Fremont Square, Montebello, CA 90640 since 16 February 2024. This property was built in 1958. 241 E Fremont Square 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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