NOT LISTED FOR SALE

2944 Allgeyer Ave El Monte, CA 91732

Mountain View Neighborhood

Estimated Value: $3,514,226

18 Beds
17 Baths
10,393 Sq Ft
$338/Sq Ft Est. Value

Last Sold October 16, 2017

Last sale price $2,350,000 $226 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $21,784/month

105 Days on Market

Highlights

  • 22,427 Sq Ft lot
  • Laundry Room
  • Central Heating and Cooling System
  • No HOA

About This Home

As of October 2017

Investor's delight! Nine townhouse style units built in 1989. current rents are significantly below market with upside potential to new owner.
Walking distance to restaurants, supermarket, Banks.... Easy access to freeway 10,605, and 60. Property sell "As Is" .
Please do not disturb occupants, drive by only.

Last Agent to Sell the Property

Connie Cheung

Harvest Realty License #00861641 Listed on: 06/08/2017

Last Buyer's Agent

Allen Wang

Treeline Realty & Investment License #01808135

Treeline Realty & Investment

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 0.51 Acre Lot
  • Two or More Common Walls

Parking

  • 18 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 10,393 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • All Upper Level Bedrooms
  • 17 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 17
  • Tax Tract Number 10848
  • Assessor Parcel Number 8106008018

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 9 Units

Building Details

  • 9 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $455
  • Gardener Expense $2,400
  • Insurance Expense $5,119
  • Maintenance Expense $4,079
  • Professional Management Expense $3,600
  • Trash Expense $4,437
  • Water Sewer Expense $6,148
  • New Taxes Expense $20,305
  • Operating Expense $44,176
  • Gross Income $118,000
  • Net Operating Income $97,725

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

18

Listing Details

  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • Water Sewer Expenses: 6148.10
  • Zoning: EMR3YY
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 8106008018
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 226.11
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 18.00
  • Total Parking Spaces: 18.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 4437.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 22427.00

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 454.55
  • Gross Operating Income: 118000.00
  • Gross Scheduled Income: 124200.00
  • Insurance Expense: 5119.00
  • Maintenance Expense: 4079.00
  • Net Operating Income: 97725.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 20275.00
  • Rent Control: No
  • Total Actual Rent: 124200.00
  • Total Expenses: 44176.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 20305.00
  • Tax Census Tract: 4339.01
  • Tax Lot: 17
  • Tax Tract Number: 10848

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2017
Closed on
Oct 10, 2017
Sold by
Wong Kam Bor and Wong Pui Lung
Bought by
Lai Xiao Wen
Seller's Agent
Connie Cheung
Harvest Realty
Buyer's Agent
Allen Wang
Treeline Realty & Investment
List Price
$2,499,800
Sold Price
$2,350,000
Premium/Discount to List
-$149,800
-5.99%
Current Estimated Value
$3,514,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,164,226
Avg. Annual Appreciation
5.08%

Purchase Details

Listed on
Jun 8, 2017
Closed on
Oct 3, 2017
Sold by
Wang Shuirong
Bought by
Lai Xiaowen
Seller's Agent
Connie Cheung
Harvest Realty
Buyer's Agent
Allen Wang
Treeline Realty & Investment
List Price
$2,499,800
Sold Price
$2,350,000
Premium/Discount to List
-$149,800
-5.99%

Purchase Details

Closed on
Aug 26, 2016
Sold by
Wong Kam Bor
Bought by
Wong Kam Bor and The Wong Family Trust

Purchase Details

Closed on
Feb 2, 2010
Sold by
Wong Albert and The Lung Family Trust
Bought by
Wong Albert and Wong Benson

Purchase Details

Closed on
Feb 10, 1994
Sold by
Lung Antonio Weng and Lung So King
Bought by
Lung Antonio Weng and Lung So King

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$462,000
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 28, 1994
Sold by
Lung Antonio Weng and Lung So King
Bought by
Lung Antonio Weng and Lung So King

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$462,000
Interest Rate
6%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Lai Xiao Wen $2,350,000 Old Republic Title Company
Wong Benson -- Old Republic Title Company
Lai Xiaowen -- Old Republic Title Company
Wong Kam Bor -- None Available
Wong Albert -- None Available
Lung Antonio Weng -- First American Title
Lung Antonio Weng -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lung Antonio Weng $462,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2017 10/16/17 Sold $2,350,000 -6.0% $226 / Sq Ft
09/21/2017 09/21/17 Pending -- -- --
06/08/2017 06/08/17 For Sale $2,499,800 -- $241 / 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 $41,114 $2,971,382 $1,379,570 $1,591,812
2024 $41,114 $2,913,120 $1,352,520 $1,560,600
2023 $36,722 $2,570,066 $1,367,057 $1,203,009
2022 $35,325 $2,519,673 $1,340,252 $1,179,421
2021 $36,197 $2,470,269 $1,313,973 $1,156,296
2019 $35,083 $2,397,000 $1,275,000 $1,122,000
2018 $33,726 $2,350,000 $1,250,000 $1,100,000
2016 $20,522 $1,429,871 $461,721 $968,150
2015 $20,306 $1,408,394 $454,786 $953,608
2014 $19,915 $1,380,807 $445,878 $934,929
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Connie Cheung

    Harvest Realty

    (562) 809-8020

    3 Total Sales

    Connie Cheung
    Section Image

  • A

    Buyer's Agent in 2017

    Allen Wang

    Treeline Realty & Investment

    (626) 656-2889

    1 in this area

    12 Total Sales

    Allen Wang
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS17128306

California Regional Multiple Listing Service (CRMLS)

APN: 8106-008-018

California Los Angeles County El Monte 91732 Mountain View

2944 Allgeyer Ave, El Monte, CA

Not Listed for Sale

MultiFamily

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