NOT LISTED FOR SALE

2720 Via Paseo Montebello, CA 90640

Estimated Value: $1,233,000 - $1,768,463

8 Beds
6 Baths
3,662 Sq Ft
$432/Sq Ft Est. Value

Last Sold May 31, 2019

Last sale price $1,250,000 $341 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $10,474/month

42 Days on Market

About This Home

As of May 2019

We are pleased to present this Excellent North Montebello Investment Opportunity, Situated Directly Adjacent to Monterey Park. Property Qualifies for 30 Year Fixed Financing. Trophy Investment in a Pristine Neighborhood. Select Units Have Private Balconies & City Views. Tenants enjoy on-site parking, on-site laundry and short walks to the Montebello Plaza for Food, Dining, Shopping & Entertainment. Strong In-Place Rents with Realistic Rental Upside Potential of +/- 18%. Many Recent Capital Improvements makes this property a Great Exchange Upleg Opportunity!

Last Listed By

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 04/01/2019

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,398

Year Built

  • Built in 1961

Lot Details

  • 9,170 Sq Ft Lot

Interior Spaces

  • 3,662 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 5 Parking Spaces
  • Covered Parking

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5268-030-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,398

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3662
  • Stories: 2
  • Year Built: 1961
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Price Per S Q F T: 365.37

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 5

Lot Info

  • Assessed Improvement Value: 242857
  • Assessed Land Value: 496756
  • Assessor Parcel Number: 5268-030-006
  • Geocode Override: No
  • Lot Size Area: 9170

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: Apartment
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2019
Sold by
Mingall Lwin Living Trust
Bought by
Fernando And Adriana Arreola Trust
Total Days on Market
42
Current Estimated Value
$1,582,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
4.1%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 6, 2016
Sold by
Lwin Thida
Bought by
The Mingaillwin Living Trust

Purchase Details

Closed on
Apr 20, 2011
Sold by
Espinoza Jose Luis
Bought by
Lwin Thida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,750
Interest Rate
4.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2004
Sold by
Espinoza Jose Luis and Espinoza Jose L
Bought by
Espinoza Jose Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
4.51%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 28, 2003
Sold by
Chiron Juan C and Chiron Olga
Bought by
Espinoza Jose L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Range of Values:

Collateral Analytics

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ICE

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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
Fernando And Adriana Arreola Trust $1,250,000 Fidelity National Title Co
The Mingaillwin Living Trust -- None Available
Lwin Thida $670,000 Stewart Title Of California
Espinoza Jose Luis -- --
Espinoza Jose L $570,000 Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fernando And Adriana Arreola Trust $275,000
Previous Owner Lwin Thida $432,000
Previous Owner Lwin Thida $438,750
Previous Owner Espinoza Jose Luis $470,000
Previous Owner Espinoza Jose L $470,000
Previous Owner Espinoza Jose L $456,000
Previous Owner Chiron Juan C $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2019 05/31/19 Sold $1,250,000 -6.6% $341 / Sq Ft
04/01/2019 04/01/19 For Sale $1,338,000 -- $365 / Sq Ft
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
2024 $19,398 $1,367,053 $956,938 $410,115
2023 $19,382 $1,340,249 $938,175 $402,074
2022 $18,735 $1,313,971 $919,780 $394,191
2021 $18,110 $1,288,208 $901,746 $386,462
2020 $17,969 $1,275,000 $892,500 $382,500
2019 $11,062 $769,492 $516,824 $252,668
2018 $11,230 $754,405 $506,691 $247,714
2016 $10,728 $725,112 $487,016 $238,096
2015 $10,136 $714,221 $479,701 $234,520
2014 $10,004 $700,232 $470,305 $229,927
Source: Public Records

Agents Affiliated with this Home

  • Shant Sherbetdjian

    Seller's Agent in 2019

    Shant Sherbetdjian

    RE/MAX

    (626) 657-8135

    9 in this area

    50 Total Sales

    Shant Sherbetdjian
    Section Image
  • Juan Cardenas

    Seller Co-Listing Agent in 2019

    Juan Cardenas

    RE/MAX

    (562) 587-5494

    25 Total Sales

    Juan Cardenas
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 19-449370

The MLS

APN: 5268-030-006

California Los Angeles County Montebello 90640

2720 Via Paseo, Montebello, CA

Homes for Sale in Montebello, CA

This home is located at 2720 Via Paseo, Montebello, CA 90640 since 01 April 2019 and is currently estimated at $1,582,366, approximately $432 per square foot. This property was built in 1961. 2720 Via Paseo is a home located in Los Angeles County with nearby schools including Wilcox Elementary School, Eastmont Intermediate School, and Schurr High School.

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