NOT LISTED FOR SALE

2721 Via Paseo Montebello, CA 90640

Estimated Value: $1,331,000 - $1,830,000

9 Beds
5 Baths
4,000 Sq Ft
$397/Sq Ft Est. Value

Last Sold January 28, 2019

Last sale price $1,175,000 $294 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $10,440/month

70 Days on Market

Highlights

  • City Lights View
  • No HOA
  • Laundry Room

About This Home

As of January 2019

Desirable 4-unit building on a hilltop location with views! Two floors with 2 units below and 2 units above. First floor is 1 x 3-bedroom / 2-bath with fireplace and 1 x 2-bedroom / 1-bath. Upper floor consists of 2 x 2-bedrooms / 1-bath. The 3-bedroom unit comes with a 2-car garage, while the 2-bedroom units each have a 1-car garage. Some units with upgrades like quartz countertops, new fixtures, new paint. Convenient location near freeways, schools, jobs, shopping, and entertainment makes it easy to rent out = low vacancy. Great investment opportunity. HUGE upside in rents! No rent control. Live in one and rent out the rest.

Last Agent to Sell the Property

Cindy Situ

Century 21 Adams & Barnes License #01791964 Listed on: 09/27/2018

Century 21 Adams & Barnes

Last Buyer's Agent

Cindy Situ

Century 21 Adams & Barnes License #01791964 Listed on: 09/27/2018

Century 21 Adams & Barnes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,850

Year Built

  • Built in 1960

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property
  • City Lights Views
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 38
  • Tax Tract Number 25212
  • Assessor Parcel Number 5268033014

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $400
  • Fuel Expense $1,000
  • Insurance Expense $1,200
  • Water Sewer Expense $1,900
  • New Taxes Expense $15,900
  • Operating Expense $4,726
  • Gross Income $20,626
  • Net Operating Income $57,974

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,850

Year Built

Built in 1960

Lot Details

0

Parking

5

Listing Details

  • Other Phone Description: 6262362762
  • Other Phone Ext: 362762
  • Other Phone Number: 6262362762
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1900.00
  • Zoning: MNR3YY
  • Property Type: Residential Income
  • Parcel Number: 5268033014
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 293.75

Exterior Features

  • View: City Lights
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 12074.00
  • Lot Size Acres: 0.2772

Multi Family

  • Electric Expense: 400.00
  • Fuel Expense: 1000.00
  • Gross Income: 20626.00
  • Gross Scheduled Income: 78600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 12074.0000 Square Feet
  • Net Operating Income: 57974.00
  • 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: 20626.00
  • Rent Control: No
  • Total Expenses: 4726.00

Tax Info

  • New Taxes Expense: 15900.00
  • Tax Census Tract: 5302.03
  • Tax Lot: 38
  • Tax Tract Number: 25212

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2019
Sold by
Fung Judy Hong Fei and Wong Judy Hong Fel
Bought by
Fung Judy Hong Fei
Current Estimated Value
$1,586,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$804,000
Outstanding Balance
$720,909
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$850,679

Purchase Details

Listed on
Sep 27, 2018
Closed on
Jan 17, 2019
Sold by
Ogura Terry Teruo
Bought by
Ogura Linda W Chan
Seller's Agent
Cindy Situ
Century 21 Adams & Barnes
Buyer's Agent
Cindy Situ
Century 21 Adams & Barnes
List Price
$1,272,000
Sold Price
$1,175,000
Premium/Discount to List
-$97,000
-7.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.60%
Original Mortgage
$822,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 27, 2018
Closed on
Jan 16, 2019
Sold by
Chan David C and Ogura Linda W Chan
Bought by
Wong Judy Hong Fei
Seller's Agent
Cindy Situ
Century 21 Adams & Barnes
Buyer's Agent
Cindy Situ
Century 21 Adams & Barnes
List Price
$1,272,000
Sold Price
$1,175,000
Premium/Discount to List
-$97,000
-7.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$822,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2015
Sold by
Situ Xing Fen
Bought by
Chan David C and Chan Ogura Linda W

Purchase Details

Closed on
Mar 10, 1995
Sold by
Chan Cook Chor and Chan Hau Ling
Bought by
Chan David C

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
9.03%
Source: Public Records

Range of Values:

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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
Fung Judy Hong Fei -- Fidelity National Title Co
Ogura Linda W Chan -- Stewart Title
Wong Judy Hong Fei $1,175,000 Stewart Title
Wong Judy Hong Fei -- Stewart Title
Chan David C -- Stewart Title
Chan David C -- None Available
Chan David C $200,000 Western Cities Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fung Judy Hong Fei $804,000
Closed Wong Judy Hong Fei $822,500
Previous Owner Chan David C $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2019 01/28/19 Sold $1,175,000 -2.1% $294 / Sq Ft
10/01/2018 10/01/18 Price Changed $1,200,000 -5.7% $300 / Sq Ft
09/03/2018 09/03/18 For Sale $1,272,000 -- $318 / 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 $19,850 $1,285,031 $900,069 $384,962
2023 $19,774 $1,259,835 $882,421 $377,414
2022 $19,110 $1,235,133 $865,119 $370,014
2021 $18,412 $1,210,915 $848,156 $362,759
2019 $8,417 $481,830 $256,078 $225,752
2018 $8,459 $472,383 $251,057 $221,326
2016 $8,128 $454,042 $241,309 $212,733
2015 $6,550 $356,370 $167,706 $188,664
2014 $6,495 $349,390 $164,421 $184,969
Source: Public Records

Agents Affiliated with this Home

  • Cindy Situ

    Seller's Agent in 2019

    Cindy Situ

    Century 21 Adams & Barnes

    (626) 607-0382

    4 Total Sales

    Cindy Situ
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18215103

California Regional Multiple Listing Service (CRMLS)

APN: 5268-033-014

California Los Angeles County Montebello 90640

2721 Via Paseo, Montebello, CA

This home is located at 2721 Via Paseo, Montebello, CA 90640 since 27 September 2018 and is currently estimated at $1,586,361, approximately $396 per square foot. This property was built in 1960. 2721 Via Paseo is a home located in Los Angeles County with nearby schools including Wilcox Elementary School, Eastmont Intermediate School, and Schurr High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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