NOT LISTED FOR SALE

Estimated Value: $1,196,000 - $1,409,877

7 Beds
4 Baths
3,009 Sq Ft
$429/Sq Ft Est. Value

Last Sold November 01, 2017

Last sale price $940,000 $312 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $8,216/month

19 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Turnkey
  • Cooling Available
  • Floor Furnace

About This Home

As of November 2017

Very Nice 4 unit Investment Property Located in a Desirable Area of El Monte. Front Unit is a separate SFR style property features 2 bedrooms 1 Bath with front yard. Back 3 units are condo style feature 1 unit is 1 bedroom and 1 bath, 2 units are 2 bedrooms and 1 bath. Laundry room with 2 coin operated washers. 4 covered carports and a long driveway for plenty of parking. Exterior with new fresh paint. 4 electric meters, 4 gas meters and 1 water meter. NO RENT CONTROL. Great location in a quiet neighborhood that is close to schools, markets and Freeways. A perfect investment property for any beginner or seasoned investor looking to build their portfolio! Don't Miss Out!!

Last Agent to Sell the Property

Norman Chan

LEGACY HOMES MANAGEMENT INC License #01796762 Listed on: 09/06/2017

Co-Listed By

Danny Trang

Trusty RE Funding Group Inc License #01171017

Last Buyer's Agent

DEBBIE LEE

REAL ESTATES UNLIMITED License #01930194

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,841

Year Built

  • Built in 1941

Lot Details

  • 7,664 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,009 Sq Ft Home
  • Property Attached
  • Turnkey

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling Available
  • Floor Furnace

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7
  • Tax Tract Number 12208
  • Assessor Parcel Number 8107029007

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,900
  • Pest Control $800
  • Trash Expense $2,700
  • Water Sewer Expense $2,300
  • New Taxes Expense $9,700
  • Operating Expense $21,800
  • Gross Income $57,300
  • Net Operating Income $35,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,841

Year Built

Built in 1941

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 2300.00
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 8107029007
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 312.40

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Community
  • Pest Control Expense: 800.00
  • Sewer: Public Sewer
  • Trash Expense: 2700.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7664.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 57300.00
  • Gross Scheduled Income: 57300.00
  • Insurance Expense: 1900.00
  • Net Operating Income: 35500.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 21800.00
  • Rent Control: No
  • Total Expenses: 21800.00

Tax Info

  • New Taxes Expense: 9700.00
  • Tax Lot: 7
  • Tax Tract Number: 12208

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2021
Sold by
Castillo Hilarion B and The Castillo Family Trust
Bought by
Castillo Hilarion B and The Castillo Family Trust
Current Estimated Value
$1,290,719

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Outstanding Balance
$534,586
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$774,544

Purchase Details

Listed on
Sep 6, 2017
Closed on
Oct 3, 2017
Sold by
T L Pharmacy Inc
Bought by
Castillo Hilarion B and The Castillo Family Trust
Seller's Agent
Norman Chan
LEGACY HOMES MANAGEMENT INC
Buyer's Agent
DEBBIE LEE
REAL ESTATES UNLIMITED
List Price
$899,900
Sold Price
$940,000
Premium/Discount to List
$40,100
4.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.32%
Original Mortgage
$564,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 7, 2013
Closed on
Jun 4, 2013
Sold by
Jjh Investment Llc
Bought by
T L Pharmacy Inc
Seller's Agent
Phyllis Lu
Titan One Real Estate
Buyer's Agent
Danny Trang
Trusty RE Funding Group Inc
List Price
$599,000
Sold Price
$675,000
Premium/Discount to List
$76,000
12.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.84%
Original Mortgage
$380,000
Interest Rate
3.38%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 13, 2013
Sold by
Ho Jenny
Bought by
Jjh Investment Llc

Purchase Details

Closed on
Jun 21, 2012
Sold by
Jjh Investment Llc
Bought by
Ho Jenny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,500
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2011
Sold by
Ho Jenny
Bought by
Jjh Investment Llc

Purchase Details

Closed on
May 3, 2011
Sold by
Felling Richard Gordon
Bought by
Ho Jenny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,750
Interest Rate
4.84%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Castillo Hilarion B -- American Coast Title
Castillo Hilarion B $940,000 Chicago Title
T L Pharmacy Inc $675,000 Fidelity Van Nuys
Jjh Investment Llc -- None Available
Ho Jenny -- None Available
Jjh Investment Llc -- None Available
Ho Jenny $485,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castillo Hilarion B $595,000
Closed Castillo Hilarion B $564,000
Previous Owner T L Pharmacy Inc $380,000
Previous Owner T L Pharmacy Inc $380,000
Previous Owner Ho Jenny $416,500
Previous Owner Ho Jenny $363,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2017 11/01/17 Sold $940,000 +4.5% $312 / Sq Ft
09/25/2017 09/25/17 Pending -- -- --
09/06/2017 09/06/17 For Sale $899,900 +33.3% $299 / Sq Ft
06/13/2013 06/13/13 Sold $675,000 0.0% $224 / Sq Ft
06/13/2013 06/13/13 Sold $675,000 +12.7% $224 / Sq Ft
04/21/2013 04/21/13 Pending -- -- --
04/19/2013 04/19/13 Pending -- -- --
04/08/2013 04/08/13 For Sale $599,000 0.0% $199 / Sq Ft
04/02/2013 04/02/13 For Sale $599,000 -- $199 / 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 $14,841 $1,069,555 $669,041 $400,514
2024 $14,841 $1,048,584 $655,923 $392,661
2023 $14,602 $1,028,024 $643,062 $384,962
2022 $14,042 $1,007,867 $630,453 $377,414
2021 $14,393 $988,106 $618,092 $370,014
2020 $13,964 $977,975 $611,755 $366,220
2019 $13,948 $958,800 $599,760 $359,040
2018 $13,367 $940,000 $588,000 $352,000
2017 $10,320 $716,199 $424,415 $291,784
2016 $9,768 $702,157 $416,094 $286,063
2015 $9,663 $691,611 $409,844 $281,767
2014 $9,467 $678,064 $401,816 $276,248
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17200711

California Regional Multiple Listing Service (CRMLS)

APN: 8107-029-007