NOT LISTED FOR SALE

2500 Davidson Dr Monterey Park, CA 91754

Estimated Value: $928,813

0.93 Acre
$995,206 Price per Acre
40,654 Sq Ft Lot

Last Sold May 12, 2021

Last sale price $799,000

Est. 16% increase in value since last sale

Current estimated payment $5,734/month

152 Days on Market

Highlights

  • 40,654 Sq Ft lot
  • Monterey Highlands Elementary School Rated A
  • View of Hills

About This Lot

As of May 2021

Take this great opportunity to build on a commercial lot in the heart of Monterey Park! CORNER lot with great visibility for business and heavy traffic on Monterey Pass. This lot has a mild slope and large flat portion on top of appx 25,000sf. Total lot size is appx 40,654 sf, zoned S-C (Shopping Center) with multitude of business opportunities for most commercial uses. Environmental Phase 1 completed. Please check with City of Monterey Park for specific questions. Surrounded by office and industrial buildings and conveniently located near freeway access. There is an Association fee of $510/mo. Lots like this don't last long in this market! Buyer to verify all information and rely on their own investigations. Sold AS-IS & WHERE IS. Drive by and MAKE OFFER.

Last Agent to Sell the Property

Shawn Kormondy

Keller Williams Beverly Hills License #01451888 Listed on: 01/30/2019

Keller Williams Beverly Hills

Co-Listed By

Sabina Yi

Keller Williams Beverly Hills License #01964836

Keller Williams Beverly Hills

Last Buyer's Agent

Sabina Yi

Keller Williams Beverly Hills License #01964836

Keller Williams Beverly Hills

Property Details

Property Type

  • Land

Lot Details

  • 0.93 Acre Lot
  • Property is zoned S-C

Property Views

  • Views of Hills

Listing and Financial Details

  • Assessor Parcel Number 5237-024-061

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Advertising Remarks: Take this great opportunity to build on a commercial lot in the heart of Monterey Park! CORNER lot with great visibility for business and heavy traffic on Monterey Pass. This lot has a mild slope and large flat portion on top of appx 25,000sf. Total lot size is appx 40,654 sf, zoned S-C (Shopping Center) with multitude of business opportunities for most commercial uses. Environmental Phase 1 completed. Please check with City of Monterey Park for specific questions. Surrounded by office and industrial buildings and conveniently located near freeway access. There is an Association fee of $510/mo. Lots like this don't last long in this market! Buyer to verify all information and rely on their own investigations. Sold AS-IS & WHERE IS. Drive by and MAKE OFFER.
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Hills
  • View: Yes

Utilities

  • Cable: No
  • Telephone: No

Condo/Co-op/Association

  • HOA Fees: 500.00

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5237-024-061
  • Geocode Override: No
  • Lot Size Area: 40654

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2018
Sold by
Perry Marshall
Bought by
Perry Marshall and Jolaoso Perry Kofoworola
Current Estimated Value
$928,813

Purchase Details

Closed on
Jun 26, 2017
Sold by
Perry Kofoworola Jolaoso
Bought by
Perry Marshall

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,750
Outstanding Balance
$255,361
Interest Rate
4.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$674,344

Purchase Details

Closed on
Jun 21, 2017
Sold by
Wu Sheila Tsai
Bought by
Perry Marshall

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,750
Outstanding Balance
$255,361
Interest Rate
4.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$674,344

Purchase Details

Closed on
Aug 20, 2012
Sold by
Tsai Major and Tsai Fu Chuan
Bought by
Wu Sheila Tsai

Purchase Details

Closed on
Aug 18, 2012
Sold by
Wu Samuel Shih Hsien
Bought by
Wu Sheila Tsai

Purchase Details

Closed on
May 6, 2010
Sold by
Wu Joyce C
Bought by
Tsai Major and Tsai Fu Chuan

Purchase Details

Closed on
Mar 6, 1997
Sold by
Major Tsai Llc and Tsai Major M T
Bought by
Tsai Major and Tsai Fu Chuan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
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
Perry Marshall -- None Available
Perry Marshall -- Title 365
Perry Marshall $700,000 Title 365
Wu Sheila Tsai $360,000 Title 365
Wu Sheila Tsai -- Title 365
Tsai Major $20,000 Advantage Title Inc
Tsai Major -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perry Marshall $306,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2021 05/12/21 Sold $799,000 0.0% --
07/01/2019 07/01/19 Pending -- -- --
01/30/2019 01/30/19 For Sale $799,000 -- --
Source: The MLS

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 $10,935 $864,862 $864,862 --
2024 $10,935 $847,904 $847,904 --
2023 $12,281 $831,279 $831,279 $0
2022 $10,190 $814,980 $814,980 $0
2021 $9,484 $750,540 $750,540 $0
2020 $9,432 $742,845 $742,845 $0
2019 $11,442 $728,280 $728,280 $0
2018 $10,493 $714,000 $714,000 $0
2016 $8,320 $669,371 $669,371 $0
2015 $8,194 $659,317 $659,317 $0
2014 $8,089 $646,402 $646,402 $0
Source: Public Records

Agents Affiliated with this Home

  • Shawn Kormondy

    Seller's Agent in 2021

    Shawn Kormondy

    Keller Williams Beverly Hills

    (323) 638-7567

    1 in this area

    153 Total Sales

    Shawn Kormondy
    Section Image
  • Sabina Yi

    Seller Co-Listing Agent in 2021

    Sabina Yi

    Keller Williams Beverly Hills

    (213) 344-6970

    1 in this area

    110 Total Sales

    Sabina Yi
    Section Image
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Map

Source: The MLS

MLS Number: 19-429526

The MLS

APN: 5237-024-061

California Los Angeles County Monterey Park 91754

2500 Davidson Dr, Monterey Park, CA

Not Listed for Sale

Lots

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