NOT LISTED FOR SALE

241 E Fremont Square Montebello, CA 90640

1 Bed
1 Bath
9,912 Sq Ft
0.5 Acre Lot

Sale Details

Date Sold: July 15, 2024

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

94 Days on Market

Highlights

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

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

  • 21,717 Sq Ft 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 in unit

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $54,730 $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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