NOT LISTED FOR SALE

Estimated Value: $1,026,000 - $1,269,140

5 Beds
4 Baths
2,405 Sq Ft
$486/Sq Ft Est. Value

Last Sold September 03, 2020

Last sale price $925,000 $385 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $7,713/month

13 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • 4 Car Garage
  • El Monte High School Rated A-
  • Laundry Room
  • 4-minute walk to Tony Arceo Memorial Park

About This Home

As of September 2020

Wonderful & attractive 4-unit Income property on a nice corner lot location ~ all with their own separate gas and electricity meters. Large 8,408 SF Lot Size. One unit features 2 bedrooms/1 bath (newly remodeled with tile floors, bathtub, countertop, sink, and new paint) and other 3 units with 1 bedroom/1 bath each. According to Owner, all units are in good condition, Newer copper plumbing for all units, and are fully tenant occupied. All units have their own reserved detached garage space for additional parking or storage. Super convenient location close to Garvey Ave and Valley Blvd, and all the lovely retail shopping, restaurants, El Monte High school, Metro station and other public transportation, and so much more nearby. Simply a few minutes from the I-10 & 605 Freeway. Don't miss this rare opportunity to own your quad-plex with great curb appeal and income potential! Hurry, this highly desirable investment property won't last long!

Last Agent to Sell the Property

David Tam

Coldwell Banker Dynasty T.C. License #01714294 Listed on: 07/06/2020

Coldwell Banker Dynasty T.C.

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,961

Year Built

  • Built in 1955

Lot Details

  • 8,408 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Quadruplex
  • Fire Rated Drywall
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,405 Sq Ft Home
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Natural Gas Connected
  • Private Sewer

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 24
  • Tax Tract Number 11657
  • Assessor Parcel Number 8566008022

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,020
  • Insurance Expense $1,000
  • Trash Expense $2,160
  • Water Sewer Expense $3,120
  • New Taxes Expense $12,905
  • Operating Expense $20,205
  • Gross Income $5,822
  • Net Operating Income $49,659

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,961

Year Built

Built in 1955

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 222500
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 3120.00
  • Zoning: EMR3YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 8566008022
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 384.62

Exterior Features

  • View: Neighborhood
  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Sewer: Private Sewer
  • Trash Expense: 2160.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8408.00
  • Lot Size Acres: 0.1930

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5822.00
  • Gross Scheduled Income: 69864.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 8408.0000 Square Feet
  • Net Operating Income: 49659.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 20205.00
  • Rent Control: No
  • Total Expenses: 20205.00

Tax Info

  • New Taxes Expense: 12905.00
  • Tax Census Tract: 4332.00
  • Tax Lot: 24
  • Tax Tract: 11657
  • Tax Tract Number: 11657

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2020
Closed on
Aug 6, 2020
Sold by
Trinh Ngan
Bought by
Phu Linh K
Seller's Agent
David Tam
Coldwell Banker Dynasty T.C.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$890,000
Sold Price
$925,000
Premium/Discount to List
$35,000
3.93%
Current Estimated Value
$1,202,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,014
Avg. Annual Appreciation
4.85%
Original Mortgage
$667,500
Outstanding Balance
$593,450
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$576,085

Purchase Details

Listed on
Jul 6, 2020
Closed on
Jul 23, 2020
Sold by
Phu Linh K and Western Sages Foundation
Bought by
Woo Ryan Kinpong and Cheung Ching King
Seller's Agent
David Tam
Coldwell Banker Dynasty T.C.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$890,000
Sold Price
$925,000
Premium/Discount to List
$35,000
3.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$667,500
Outstanding Balance
$593,450
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$576,085

Purchase Details

Closed on
Feb 8, 2019
Sold by
Sygen Victor Viet
Bought by
Western Sages Foundation

Purchase Details

Listed on
Dec 11, 2017
Closed on
Mar 7, 2018
Sold by
Sygen Victor Viet and Phu Linh K
Bought by
Phu Linh K and Sygen Victor Viet
Seller's Agent
JAMES BUI
Century 21 Adams & Barnes
Buyer's Agent
DEVAN QUACH
AMG REAL ESTATE
List Price
$675,000
Sold Price
$740,000
Premium/Discount to List
$65,000
9.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.22%
Original Mortgage
$521,000
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 11, 2017
Closed on
Jan 12, 2018
Sold by
Trinh Ngan
Bought by
Phu Linh K
Seller's Agent
JAMES BUI
Century 21 Adams & Barnes
Buyer's Agent
DEVAN QUACH
AMG REAL ESTATE
List Price
$675,000
Sold Price
$740,000
Premium/Discount to List
$65,000
9.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,000
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 11, 2017
Closed on
Jan 10, 2018
Sold by
Truong Thu Thao Thi
Bought by
Sygen Victor Viet and Phu Linh K
Seller's Agent
JAMES BUI
Century 21 Adams & Barnes
Buyer's Agent
DEVAN QUACH
AMG REAL ESTATE
List Price
$675,000
Sold Price
$740,000
Premium/Discount to List
$65,000
9.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,000
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 30, 2013
Closed on
Jul 24, 2013
Sold by
Cozby Lucy
Bought by
Truong Thu Thao Thi
Seller's Agent
Liliana Montalvo
Coldwell Banker Realty
List Price
$530,000
Sold Price
$550,000
Premium/Discount to List
$20,000
3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.90%

Purchase Details

Closed on
Jan 24, 2011
Sold by
Gonzalez Hortencia Robles and The Helen Bertha Wayne Trust
Bought by
Cozby Lucy

Purchase Details

Closed on
Jun 29, 2006
Sold by
Wayne Helen Bertha
Bought by
Helen Bertha Wayne Trust
Source: Public Records

Range of Values:

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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
Phu Linh K -- Lawyers Title
Woo Ryan Kinpong $930,000 Lawyers Title
Western Sages Foundation -- None Available
Phu Linh K -- Stewart Title
Phu Linh K -- Stewart Title
Phu Linh K -- None Available
Sygen Victor Viet $740,000 Stewart Title
Truong Thu Thao Thi $550,000 Equity Title
Cozby Lucy -- None Available
Helen Bertha Wayne Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Woo Ryan Kinpong $667,500
Previous Owner Phu Linh K $521,000
Previous Owner Sygen Victor Viet $507,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2020 09/03/20 Sold $925,000 +3.9% $385 / Sq Ft
08/18/2020 08/18/20 Price Changed $890,000 0.0% $370 / Sq Ft
07/19/2020 07/19/20 Pending -- -- --
07/06/2020 07/06/20 For Sale $890,000 +20.3% $370 / Sq Ft
01/19/2018 01/19/18 Sold $740,000 0.0% $308 / Sq Ft
12/26/2017 12/26/17 Pending -- -- --
12/23/2017 12/23/17 Off Market $740,000 -- --
12/11/2017 12/11/17 For Sale $675,000 +22.7% $281 / Sq Ft
08/09/2013 08/09/13 Sold $550,000 +3.8% $229 / Sq Ft
08/01/2013 08/01/13 Pending -- -- --
06/30/2013 06/30/13 For Sale $530,000 -- $220 / 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 $13,961 $1,006,659 $745,794 $260,865
2024 $13,961 $986,921 $731,171 $255,750
2023 $13,686 $967,571 $716,835 $250,736
2022 $13,178 $948,600 $702,780 $245,820
2021 $13,360 $930,000 $689,000 $241,000
2020 $11,722 $800,597 $544,200 $256,397
2019 $11,569 $754,800 $513,060 $241,740
2018 $9,282 $592,550 $377,078 $215,472
2016 $8,907 $569,543 $362,437 $207,106
2015 $8,804 $560,989 $356,993 $203,996
2014 $8,478 $550,000 $350,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR20130857

California Regional Multiple Listing Service (CRMLS)

APN: 8566-008-022