NOT LISTED FOR SALE

2505 Plaza Libre Montebello, CA 90640

Estimated Value: $610,000 - $704,000

2 Beds
1 Bath
880 Sq Ft
$743/Sq Ft Est. Value

Last Sold March 29, 2021

Last sale price $499,000 $567 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,301/month

103 Days on Market

Highlights

  • Open Floorplan
  • Granite Countertops
  • Bay Window
  • Traditional Architecture
  • Neighborhood Views
  • 3-minute walk to Ashiya Park

About This Home

As of March 2021

Welcome to 2505 Plaza Libre!! ATTENTION INVESTORS: This darling, 2 bedroom, 1 bath home has been completely remodeled! Newer windows, plumbing, electrical, and Tankless Water Heater. Kitchen and bath both have been completley updated. There is a covered patio between the house and the garage. The detached 1 car garage has plenty of storage space too. Close to shops, businesses, restaurants, the Montebello Country Club, and all major freeways, this darling home is just waiting for it's new owners! Long time tenants are current on their rent and are actively paying. Property can be delivered without tenats upon request of buyer/investor.

Last Agent to Sell the Property

Cynthia Carava

The Real Estate Resource Group License #01943176 Listed on: 09/12/2020

The Real Estate Resource Group

Last Buyer's Agent

APOLO ANDRADE

CENTURY 21 REALTY MASTERS License #01776569

CENTURY 21 REALTY MASTERS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,879

Year Built

  • Built in 1961

Lot Details

  • 2,507 Sq Ft Lot
  • No Common Walls
  • Vinyl Fence
  • Block Wall Fence
  • Level Lot
  • No Sprinklers
  • Front Yard

Parking

  • 1 Car Garage

Home Design

  • Traditional Architecture
  • Turnkey
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 880 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Bay Window
  • Garden Windows
  • Window Screens
  • Family Room
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Dishwasher
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Washer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Tankless Water Heater
  • Septic Type Unknown

Community Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • New Taxes Expense $6,111
  • Operating Expense $7,211
  • Net Operating Income $20,389

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 227
  • Tax Tract Number 8502
  • Assessor Parcel Number 5268024007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,879

Year Built

Built in 1961

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: MNR1YY
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 5268024007
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, Open Floorplan, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 567.05
  • Room Type: All Bedrooms Down, Family Room, Kitchen, Laundry
  • Window Features: Bay Window(s), Garden Window(s), Screens

Exterior Features

  • Foundation: Raised
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Vinyl
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Range Hood, Tankless Water Heater
  • Electric: 220 Volts in Laundry
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Washer Hookup
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street, Level, Sprinklers None
  • Lot Size Sq Ft: 2507.00
  • Lot Size Acres: 0.0576

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 2507.0000 Square Feet
  • Net Operating Income: 20389.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Number With Dishwasher: 1
  • Number With Disposal: 1
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 7211.00
  • Rent Control: No
  • Total Expenses: 7211.00

Tax Info

  • New Taxes Expense: 6111.00
  • Tax Census Tract: 5302.04
  • Tax Lot: 227
  • Tax Tract Number: 8502

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2020
Closed on
Apr 16, 2021
Sold by
Leal Elizabeth and Leal Alan E
Bought by
Leal Elizabeth
Seller's Agent
Cynthia Carava
The Real Estate Resource Group
Buyer's Agent
APOLO ANDRADE
CENTURY 21 REALTY MASTERS
List Price
$499,000
Sold Price
$499,000
Current Estimated Value
$654,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,179
Avg. Annual Appreciation
6.61%

Purchase Details

Closed on
Dec 30, 2020
Sold by
Divacon Development Corporation
Bought by
Leal Elizabeth and Leal Alan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,535
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 2, 2018
Closed on
Oct 18, 2018
Sold by
Jeon Properties Llc
Bought by
Divacon Development Corporation
Seller's Agent
Alex Jeon
Coldwell Banker Best Realty
Buyer's Agent
Mario Padilla
Mario Padilla
List Price
$375,000
Sold Price
$365,000
Premium/Discount to List
-$10,000
-2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.21%
Original Mortgage
$237,000
Interest Rate
4.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 2018
Sold by
Sokoloff William
Bought by
Jeon Properties Llc

Purchase Details

Closed on
Feb 11, 2014
Sold by
Babashoff Kathleen
Bought by
Sokoloff William
Source: Public Records

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Range of Values:

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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
Leal Elizabeth -- Accommodation
Leal Elizabeth $499,000 Lawyers Title
Divacon Development Corporation $365,000 Westminster Title Company
Jeon Properties Llc $250,000 Westminster Title Company
Sokoloff William -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leal Elizabeth $481,535
Previous Owner Divacon Development Corporation $237,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2021 03/29/21 Sold $499,000 0.0% $567 / Sq Ft
03/26/2021 03/26/21 Sold $499,000 0.0% $567 / Sq Ft
12/24/2020 12/24/20 Pending -- -- --
12/24/2020 12/24/20 Pending -- -- --
09/24/2020 09/24/20 For Sale $499,000 0.0% $567 / Sq Ft
09/24/2020 09/24/20 For Sale $499,000 0.0% $567 / Sq Ft
09/20/2020 09/20/20 Pending -- -- --
09/20/2020 09/20/20 Pending -- -- --
09/12/2020 09/12/20 For Sale $499,000 0.0% $567 / Sq Ft
08/22/2020 08/22/20 For Sale $499,000 +36.7% $567 / Sq Ft
11/08/2018 11/08/18 Sold $365,000 -2.7% $415 / Sq Ft
10/09/2018 10/09/18 Pending -- -- --
10/02/2018 10/02/18 For Sale $375,000 -- $426 / 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
2024 $7,879 $529,536 $423,631 $105,905
2023 $7,858 $519,154 $415,325 $103,829
2022 $7,591 $508,976 $407,182 $101,794
2021 $5,686 $376,156 $247,336 $128,820
2020 $5,596 $372,300 $244,800 $127,500
2019 $5,432 $365,000 $240,000 $125,000
2018 $1,776 $87,482 $34,989 $52,493
2016 $1,702 $84,086 $33,631 $50,455
2015 $1,629 $82,824 $33,126 $49,698
2014 $1,616 $81,203 $32,478 $48,725
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20190533

California Regional Multiple Listing Service (CRMLS)

APN: 5268-024-007