NOT LISTED FOR SALE

Estimated Value: $637,000 - $740,000

2 Beds
2 Baths
1,230 Sq Ft
$550/Sq Ft Est. Value

Last Sold January 04, 2022

Last sale price $494,000 $402 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,384/month

89 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Rectangular Lot
  • Wall Furnace
  • El Monte High School Rated A-

About This Home

As of January 2022

Wonderful opportunity!  Won't last!   Two 1bed/1bath units on a lot located in El Monte.  Long term tenants on Month to Month.  2 electrical and gas meters, and both tenants are responsible for their Gas and Electricity.  Close to shopping, restaurants and supermarket. Convenient transportation,bus station is in front of the property.

Last Agent to Sell the Property

Diane Chung

JC Pacific Corp License #01904960 Listed on: 08/05/2021

JC Pacific Corp

Last Buyer's Agent

Diane Chung

JC Pacific Corp License #01904960 Listed on: 08/05/2021

JC Pacific Corp

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,274

Year Built

  • Built in 1958

Lot Details

  • 3,400 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Home Design

  • 1,230 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 11230
  • Assessor Parcel Number 8105015002

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $17,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,274

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Price Per Unit: 249500
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: No
  • Zoning: EMC1*
  • Property Type: Residential Income
  • Parcel Number: 8105015002
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 401.63

Exterior Features

  • Pool Private: No
  • Spa: No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Walkstreet
  • Lot Size Sq Ft: 3400.00
  • Lot Size Acres: 0.0781

Multi Family

  • Average1 Bed Area: 615 Square Feet
  • Gross Scheduled Income: 18600.00
  • Lot Size Area: 3400.0000 Square Feet
  • Net Operating Income: 17600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 1000.00
  • Rent Control: No
  • Total Actual Rent: 1550.00

Tax Info

  • Tax Census Tract: 4334.02
  • Tax Lot: 1
  • Tax Tract Number: 11230

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2021
Closed on
Dec 9, 2021
Sold by
Soto James
Bought by
Soto Ada C
Seller's Agent
Diane Chung
JC Pacific Corp
Buyer's Agent
Diane Chung
JC Pacific Corp
List Price
$550,000
Sold Price
$494,000
Premium/Discount to List
-$56,000
-10.18%
Total Days on Market
89
Current Estimated Value
$676,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,099
Avg. Annual Appreciation
9.55%
Original Mortgage
$370,500
Outstanding Balance
$344,241
Interest Rate
3.11%
Estimated Equity
$331,858

Purchase Details

Closed on
Aug 2, 2010
Sold by
Hunter June R O
Bought by
Zhou Xuan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2004
Sold by
Hunter Richard P
Bought by
Hunter June R O

Purchase Details

Closed on
Aug 7, 1997
Sold by
Bloomfield Lucille and Bloomfield Lucy R
Bought by
Bloomfield Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,500
Interest Rate
6.7%

Purchase Details

Closed on
Oct 21, 1996
Sold by
William J Hentschel Trust and Lorena A
Bought by
Bloomfield Lucy R
Source: Public Records

Similar Home in El Monte, CA

  • 4014 Cedar Ave, El Monte, CA 91731

    $630,000

    • 3 Beds
    • 2 Baths
    • 984 Sq Ft
    • 4014 Cedar Ave
    • El Monte, CA

    Duplex centrally located in the heart of El Monte. 2 units each with their own driveway/parking. Great investment opportunity. Front unit is 1 bed, 1 bath; rear unit is 2 bed, 1 bath. Updated plumbing and floors. Drive by only, please do not disturb tenants. Submit offer subject to interior inspection.

    Joe Diaz The Heights Real Estate Group

    Section Image

Range of Values:

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List 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
Soto Ada C -- New Title Company Name
Soto Ada $494,000 New Title Company Name
Zhou Xuan $210,000 Orange Coast Title Company O
Hunter June R O -- None Available
Bloomfield Eric -- None Available
Bloomfield Eric -- --
Bloomfield Lucy R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soto Ada $370,500
Closed Soto Ada C $370,500
Previous Owner Zhou Xuan $100,000
Previous Owner Zhou Xuan $160,000
Previous Owner Bloomfield Eric $26,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2022 01/04/22 Sold $494,000 -1.0% $402 / Sq Ft
12/22/2021 12/22/21 Price Changed $499,000 0.0% $406 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
09/02/2021 09/02/21 Price Changed $499,000 -9.3% $406 / Sq Ft
08/05/2021 08/05/21 For Sale $550,000 -- $447 / 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 $7,274 $513,957 $359,978 $153,979
2023 $7,306 $503,880 $352,920 $150,960
2022 $3,970 $253,520 $181,087 $72,433
2021 $3,882 $248,550 $177,537 $71,013
2019 $3,767 $241,179 $172,272 $68,907
2018 $3,592 $236,451 $168,895 $67,556
2016 $3,316 $227,272 $162,338 $64,934
2015 $3,280 $223,859 $159,900 $63,959
2014 $3,219 $219,475 $156,768 $62,707
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21172938

California Regional Multiple Listing Service (CRMLS)

APN: 8105-015-002