NOT LISTED FOR SALE

241 E Lemon Ave Monrovia, CA 91016

Estimated Value: $1,156,000 - $1,251,725

4 Beds
4 Baths
2,212 Sq Ft
$550/Sq Ft Est. Value

Last Sold May 19, 2022

Last sale price $1,200,000 $542 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $7,726/month

9 Days on Market

Highlights

  • Laundry Room
  • Foothills
  • Back Yard
  • Mayflower Elementary School Rated A
  • Central Air
  • 3-minute walk to Rotary Park

About This Home

As of May 2022

Excellent duplex located in the heart of Monrovia. Both units are single-story 2 bedroom/2 baths, each with its own fireplace and private yard. Each unit has central heat and air as well as washer and dryer hook-ups. There are 5 car garages(2/2/1) in a detached building in the rear which provides a perfect opportunity for a potential ADU conversion. The property is within walking distance (2 blocks) to downtown Monrovia which offers shopping and dining and has a Walk Score of 90. Conveniently located within walking distance to the Goldline Station and near the 210 and 605 freeways. Each unit is separately metered for gas and electricity. This is a great investment for a first-time investor or a seasoned investor looking to add a prime location to their portfolio.

Last Agent to Sell the Property

Brian Vosberg

VOSBERG & ASSOCIATES License #01398088 Listed on: 04/07/2022

Last Buyer's Agent

David Tsai

SGVAPARTMENTS.COM INC License #01403172

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 7,970 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,212 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Air

Listing and Financial Details

  • Legal Lot and Block 23 / H
  • Assessor Parcel Number 8516018022

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Foothills

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,500
  • Insurance Expense $1,472
  • Trash Expense $838
  • Water Sewer Expense $2,075
  • New Taxes Expense $13,800
  • Operating Expense $19,685
  • Gross Income $41,400
  • Net Operating Income $21,715

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2075.00
  • Zoning: MORM*
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 8516018022
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 542.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 838.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 7970.00
  • Lot Size Acres: 0.1830

Multi Family

  • Gross Income: 41400.00
  • Gross Scheduled Income: 41400.00
  • Insurance Expense: 1472.00
  • Lot Size Area: 7970.0000 Square Feet
  • Net Operating Income: 21715.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 19685.00
  • Rent Control: Yes
  • Total Expenses: 19685.00

Tax Info

  • New Taxes Expense: 13800.00
  • Tax Block: H
  • Tax Census Tract: 4310.01
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2022
Closed on
May 17, 2022
Sold by
Douglas And Tricia Gabriel Family Trust
Bought by
Guan Yuqi and Zou Lu
Seller's Agent
Brian Vosberg
VOSBERG & ASSOCIATES
Buyer's Agent
David Tsai
SGVAPARTMENTS.COM INC
List Price
$1,150,000
Sold Price
$1,200,000
Premium/Discount to List
$50,000
4.35%
Current Estimated Value
$1,216,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,431
Avg. Annual Appreciation
0.37%
Original Mortgage
$720,000
Outstanding Balance
$677,417
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$539,014

Purchase Details

Closed on
Jan 4, 2019
Sold by
Gabriel Douglas B and Gabriel Tricia K
Bought by
Gabriel Douglas B and Gabriel Tricia K

Purchase Details

Closed on
Aug 23, 2016
Sold by
Gabriel George Carl
Bought by
Gabriel Douglas B and Gabriel Tricia K

Purchase Details

Closed on
Jan 28, 2016
Sold by
Gabriel George Carl
Bought by
Gabriel George Carl and Gabriel Family Trust Of 1995

Purchase Details

Closed on
Dec 8, 1999
Sold by
Meyer Leroy J
Bought by
Gabriel George Carl and Gabriel Vera Ananian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,500
Interest Rate
4.35%

Purchase Details

Closed on
Oct 7, 1993
Sold by
Kreinbring David B
Bought by
Meyer Leroy J and Meyer Helga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.81%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Guan Yuqi $1,200,000 First American Title Company O
Gabriel Douglas B -- None Available
Gabriel Douglas B $550,000 Lawyers Title La
Gabriel George Carl -- None Available
Gabriel George Carl $260,000 Progressive Title Company
Meyer Leroy J $107,500 Title Land Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guan Yuqi $720,000
Previous Owner Gabriel George Carl $91,500
Previous Owner Meyer Leroy J $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2022 05/19/22 Sold $1,200,000 +4.3% $542 / Sq Ft
04/16/2022 04/16/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $1,150,000 -- $520 / 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 $16,831 $1,273,449 $955,087 $318,362
2024 $16,831 $1,248,480 $936,360 $312,120
2023 $16,444 $1,224,000 $918,000 $306,000
2022 $5,564 $376,545 $217,238 $159,307
2021 $5,450 $369,163 $212,979 $156,184
2019 $5,207 $358,215 $206,663 $151,552
2018 $5,033 $351,192 $202,611 $148,581
2016 $4,831 $337,557 $194,745 $142,812
2015 $4,729 $332,487 $191,820 $140,667
2014 $4,691 $325,975 $188,063 $137,912
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brian Vosberg

    VOSBERG & ASSOCIATES

    (626) 358-5458

    1 in this area

    7 Total Sales

    Brian Vosberg
    Section Image

  • D

    Buyer's Agent in 2022

    David Tsai

    SGVAPARTMENTS.COM INC

    (626) 318-7778

    1 in this area

    3 Total Sales

    David Tsai
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22069487

California Regional Multiple Listing Service (CRMLS)

APN: 8516-018-022

California Los Angeles County Monrovia 91016

241 E Lemon Ave, Monrovia, CA

Not Listed for Sale

MultiFamily

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