NOT LISTED FOR SALE

2454 Florencita Ave Montrose, CA 91020

Sparr Heights Neighborhood

Estimated Value: $1,366,000 - $1,585,015

5 Beds
4 Baths
2,343 Sq Ft
$621/Sq Ft Est. Value

Last Sold July 13, 2022

Last sale price $1,393,000 $595 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $9,006/month

Highlights

  • City Lights View
  • No HOA
  • Laundry Room
  • John C. Fremont Elementary School Rated A-
  • Hiking Trails
  • 4 Attached Carport Spaces

About This Home

As of July 2022

Amazing investment or owner occupy opportunity in the wonderful city of Montrose! First floor unit is 2 bedrooms and 2 full bathrooms with full size washer/dryer, fireplace and new hardwood floors. The front patio and garden area provide lovely outdoor space with extra adjacent space for a patio table and BBQ. The upstairs unit is 3 bedrooms and 2 full bathrooms with in-closet stackable washer/dryer. This unit comes with a lovely terrace above the carport for outdoor dining, gardening, BBQing and/or enjoying holiday firework shows. There is ample parking for both units, up to 7 cars, and 3 storage units. This quiet, tree-lined street is just a stones throw from the Honolulu Shopping Park and other outdoor recreation parks as well as Blue Ribbon Schools. The units have separate electric and gas meters, double paned windows, ceiling fans and dishwashers. Don't miss out on this one! Live in one unit and rent out the other or rent out both and enjoy the investment income!

Last Agent to Sell the Property

Nyrie Sarkissian

No Firm Affiliation License #01895824 Listed on: 04/11/2022

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,204

Year Built

  • Built in 1927

Lot Details

  • 4,331 Sq Ft Lot
  • No Common Walls
  • Garden
  • Front Yard

Property Views

  • City Lights
  • Woods

Home Design

  • Duplex
  • Split Level Home

Interior Spaces

  • 2,343 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Open Parking Spaces
  • 7 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available

Additional Features

  • Outdoor Storage
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, exterior maintenance, grounds care, gas, telephone
  • Tax Lot 478
  • Tax Tract Number 1701
  • Assessor Parcel Number 5807017023
  • $377 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Hiking Trails

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Electric Expense $300
  • Insurance Expense $800
  • Water Sewer Expense $800
  • Operating Expense $1,900
  • Gross Income $4,550
  • Net Operating Income $4,550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,204

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 800.00
  • Zoning: LCR2YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5807017023
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: Two, Multi/Split
  • Price Per Square Foot: 594.54

Exterior Features

  • Other Structures: Storage
  • View: City Lights, Trees/Woods
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Hiking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden
  • Lot Size Sq Ft: 4331.00
  • Lot Size Acres: 0.0994

Rental Info

  • Tenant Pays: Cable TV, Electricity, Exterior Maintenance, Grounds Care, Gas, Telephone

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 4550.00
  • Gross Scheduled Income: 4615.00
  • Insurance Expense: 800.00
  • Lot Size Area: 4331.0000 Square Feet
  • Net Operating Income: 4550.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 65.00
  • Rent Control: No
  • Total Expenses: 1900.00

Tax Info

  • Tax Census Tract: 3005.03
  • Tax Lot: 478
  • Tax Tract Number: 1701
  • TaxOtherAnnualAssessmentAmount: 377.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2022
Closed on
Jul 5, 2022
Sold by
Sarkissian Odetta A
Bought by
Kerkonian Lilit and Kerkonian Rafat Avo
Seller's Agent
Nyrie Sarkissian
No Firm Affiliation
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,428,000
Sold Price
$1,393,000
Premium/Discount to List
-$35,000
-2.45%
Current Estimated Value
$1,455,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,504
Avg. Annual Appreciation
1.35%
Original Mortgage
$1,044,750
Outstanding Balance
$992,599
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$462,905

Purchase Details

Closed on
Aug 20, 2002
Sold by
Sarkissian Vartkes
Bought by
Sarkissian Odette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.52%
Source: Public Records

Range of Values:

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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
Kerkonian Lilit $1,400,000 Old Republic Title
Sarkissian Odette -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kerkonian Lilit $1,044,750
Previous Owner Sarkissian Odette $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2022 07/13/22 Sold $1,393,000 -2.5% $595 / Sq Ft
06/01/2022 06/01/22 Pending -- -- --
06/01/2022 06/01/22 For Sale $1,428,000 0.0% $609 / Sq Ft
05/22/2022 05/22/22 Pending -- -- --
05/18/2022 05/18/22 Price Changed $1,428,000 -0.7% $609 / Sq Ft
04/11/2022 04/11/22 For Sale $1,438,000 -- $614 / 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 $16,204 $1,456,560 $873,936 $582,624
2024 $16,204 $1,428,000 $856,800 $571,200
2023 $15,744 $1,400,000 $840,000 $560,000
2022 $4,754 $401,836 $221,841 $179,995
2021 $4,663 $393,958 $217,492 $176,466
2020 $4,596 $389,919 $215,262 $174,657
2019 $4,489 $382,275 $211,042 $171,233
2018 $4,399 $374,780 $206,904 $167,876
2016 $4,179 $360,229 $198,871 $161,358
2015 $4,088 $354,819 $195,884 $158,935
2014 $4,064 $347,869 $192,047 $155,822
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Nyrie Sarkissian

    No Firm Affiliation

    Section Image

  • N

    Buyer's Agent in 2022

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    6,007 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22072391

California Regional Multiple Listing Service (CRMLS)

APN: 5807-017-023

California Los Angeles County Montrose 91020 Sparr Heights

2454 Florencita Ave, Montrose, CA

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