$855,000
SOLD JUL 17, 2018

2612 W Via Corona Montebello, CA 90640

4 Beds
3 Baths
3,181 Sq Ft
4,962 Sq Ft Lot

Recently Sold

$269 Per Sq Ft

5% Below List Price

66 Days on Market

About This Home

As of July 2018

*Excellent Unit Mix of 3-Bedroom & 1-Bedroom Units, *100% Occupied with Rental Upside, *Garage Parking, *Great Rental Area in Northern Montebello

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 03/12/2018

Last Buyer's Agent

Cloe Learn

SilverStone Property Management License #01318605

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,346

Year Built

  • Built in 1958

Lot Details

  • 4,962 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage

Interior Spaces

  • 3,181 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 269
  • Tax Tract Number 8502
  • Assessor Parcel Number 6343005028

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Other Expense $2,000
  • New Taxes Expense $11,250
  • Operating Expense $18,310
  • Gross Income $57,909
  • Net Operating Income $39,599

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,346

Year Built

Built in 1958

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.40
  • Other Phone Description: Office Phone
  • Other Phone Number: 9492518800
  • Property Attached: No
  • Zoning: MNR3YY
  • Property Type: Residential Income
  • Parcel Number: 6343005028
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 268.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4962.00

Multi Family

  • Gross Multiplier: 15.08
  • Gross Operating Income: 57909.00
  • Gross Scheduled Income: 59700.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 39599.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 18310.00
  • Operating Expense Percent: 30.70
  • Other Expense: 2000.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 18310.00
  • Vacancy Allowance: 1791
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11250.00
  • Tax Census Tract: 5302.04
  • Tax Lot: 269
  • Tax Tract Number: 8502

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2018
Closed on
Jun 6, 2018
Sold by
Martin Fausto L and Martin Veronica Ismael
Bought by
Learn Cloe and Yee Zeke Zon
Seller's Agent
Doug Rodermund
Morgan Skenderian
Buyer's Agent
Cloe Learn
SilverStone Property Management
List Price
$900,000
Sold Price
$855,000
Premium/Discount to List
-$45,000
-5%
Current Estimated Value
$1,250,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$395,448
Avg. Annual Appreciation
4.57%
Original Mortgage
$344,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2015
Sold by
Martin Fausto L and Martin Veronica I
Bought by
The Martin Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 10, 2012
Closed on
Sep 19, 2012
Sold by
Rodriguez Rudy
Bought by
Martin Fausto L and Martin Veronica I
Seller's Agent
Rudy Rodriguez
GEORGE MICHAEL REALTY
Buyer's Agent
Lidia Kondratuk
GEORGE MICHAEL REALTY
List Price
$524,900
Sold Price
$525,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.48%

Purchase Details

Closed on
Nov 6, 2001
Sold by
Baca Euplio Rodolfo and Baca Family Trust
Bought by
Rodriguez Rudy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
6.51%

Purchase Details

Closed on
Jun 26, 1996
Sold by
Baca Euplio R and Baca Blossom B
Bought by
Baca Euplio Rodolfo and Baca Blossom Barbara
Source: Public Records

Similar Homes in the area

  • 5724 E Beverly Blvd, Los Angeles, CA 90022

    $799,999

    • 5 Beds
    • 3 Baths
    • 1,273 Sq Ft
    • 5724 E Beverly Blvd
    • Los Angeles, CA

    This well-maintained THREE units offers a great opportunity for families or investment for rental income. With plenty of natural light, multiple living areas, and private access, this home is a true gem that provides both comfort and privacy. Each unit features a full kitchen, spacious living areas, and generous closet space throughout..The property comes with a one-car garage, perfect for

    Daniel Fabian Perez Century 21 Allstars

    Section Image
  • 418 W Los Angeles Ave, Montebello, CA 90640

    $830,000

    • 4 Beds
    • 2 Baths
    • 1,376 Sq Ft
    • 418 W Los Angeles Ave
    • Montebello, CA

    Back on the Market, This charming duplex in Montebello, features two units, each with two bedrooms and one bathroom, situated on a single lot with no shared walls, offering privacy and independence for both residents. the front unit is approximately 1,000 square feet and includes a cozy fireplace, and front porch, while the smaller unit is around 450 square feet and has been fully remodeled with

    Patti McCormick FIRST CHOICE MORTGAGE INC.

    Section Image
  • 233 E Fremont Square, Montebello, CA 90640

    $800,000

    • 4 Beds
    • 2 Baths
    • 1,536 Sq Ft
    • 233 E Fremont Square
    • Montebello, CA

    Location, Location, Location! Beautiful property with lots of potential! Priced just right for those seeking to buy income property. 2 units each with 2 bedrooms and 1 bath. Seller has kept property in good condition. Both units have tenants, so please do not disturb tenants! This is a 1031 exchange and was subject to seller finding a replacement property. Seller has found replacement property

    RANDOLPH SMITH Century 21 Realty Masters

    Section Image
  • 424 Bradley Ave, Montebello, CA 90640

    $976,100

    • 7 Beds
    • 4 Baths
    • 3,044 Sq Ft
    • 424 Bradley Ave
    • Montebello, CA

    Amazing opportunity to own 4 units in Montebello, CA. This quadruplex appears to have been built in 1955. It sits on a good size lot of approx. 6,783 sq. ft. At this price if you blink it will be SOLD. Buyers check City, County, Zoning, Tax, and other records to their satisfaction. AS-IS SALE property.

    Rome Montle REALHOME SERVICES & SOLUTIONS

    Section Image
  • 1200 S Spruce St, Montebello, CA 90640

    $699,999

    • 4 Beds
    • 2 Baths
    • 1,488 Sq Ft
    • 1200 S Spruce St
    • Montebello, CA

    Step into this beautifully renovated duplex. This charming duplex offers the perfect opportunity to own and generate income. Live in one unit and rent out the other for a mortgage-helper. Both units feature 2 bedrooms and 1 bath each. Large 2 car detached garage (Perfect for possible ADU). Long driveway parking for 4 cars. Located in a vibrant neighborhood, this property is a must-see for both

    Gil Legaspi Legaspi Commercial

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $855,000 Chicago Title
Interfamily Deed Transfer -- Progressive Title Company
Grant Deed $525,000 Title 365
Grant Deed $355,000 Landsafe Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $335,000 New Conventional
Closed $344,000 New Conventional
Previous Owner $300,000 Purchase Money Mortgage
Previous Owner $237,000 Unknown
Previous Owner $235,000 No Value Available
Previous Owner $70,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2018 07/17/18 Sold $855,000 -5.0% $269 / Sq Ft
05/17/2018 05/17/18 Pending -- -- --
03/12/2018 03/12/18 For Sale $900,000 +71.4% $283 / Sq Ft
10/24/2012 10/24/12 Sold $525,000 0.0% $165 / Sq Ft
08/16/2012 08/16/12 Pending -- -- --
08/10/2012 08/10/12 For Sale $524,900 -- $165 / 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 $13,346 $953,763 $557,756 $396,007
2024 $13,346 $935,063 $546,820 $388,243
2023 $13,335 $916,730 $536,099 $380,631
2022 $12,889 $898,756 $525,588 $373,168
2021 $12,456 $881,134 $515,283 $365,851
2019 $11,976 $855,000 $500,000 $355,000
2018 $8,462 $568,183 $270,564 $297,619
2016 $8,077 $546,121 $260,058 $286,063
2015 $7,631 $537,919 $256,152 $281,767
2014 $7,531 $527,383 $251,135 $276,248
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18057029

California Regional Multiple Listing Service (CRMLS)

APN: 6343-005-028