NOT LISTED FOR SALE

303 W Lemon Ave Monrovia, CA 91016

7 Beds
6 Baths
3,979 Sq Ft
0.33 Acres

Last Sold October 31, 2017

Last sale price $1,900,000 $478 Per Sq Ft

9 Days on Market

Highlights

  • Stone Flooring
  • Monrovia High School Rated A
  • 1-Story Property

About This Home

As of October 2017

Located between Magnolia and Alta Vista in one of Monrovias more desirable neighborhoods this spectacular investment opportunity is 3 only blocks from the movie theatre, coffee houses, restaurants and the weekly Friday Farmers Market in Old Town Monrovia. The property includes two 2 bedroom units, three 1 bedroom units and one studio. The large 14,513 square foot property provides privacy for each unit with backyard space for tenants to enjoy outdoor entertaining and a design where there are no common walls between units. There is a one car garage for each tenant. The property is centrally located in the San Gabriel Valley near the Gold Line Depot and minutes north of the 210 Freeway with easy access to the 605 Freeway while only 15 minutes from Pasadena.

Last Agent to Sell the Property

Norm Haley

Norm Haley Real Estate License #00528924 Listed on: 10/10/2017

Last Buyer's Agent

Brad Palfrey

Bradley R. Palfrey, BROKER License #00822899

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 0.33

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Additional Features

  • 1-Story Property
  • 0.33 Acre Lot

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 8505004027

Community Details

Overview

  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: MORM*
  • Property Type: Residential Income
  • Parcel Number: 8505004027
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Flooring: Carpet, Stone
  • Levels: One

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 14513.00
  • Lot Size Acres: 0.3300

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 14513.0000 Square Feet
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6

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

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2017 10/31/17 Sold $1,900,000 -5.0% $478 / Sq Ft
10/19/2017 10/19/17 Pending -- -- --
10/10/2017 10/10/17 For Sale $2,000,000 -- $503 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $29,522 $2,161,870 $1,297,123 $864,747
2024 $29,522 $2,119,482 $1,271,690 $847,792
2023 $28,862 $2,077,924 $1,246,755 $831,169
2022 $28,041 $2,037,181 $1,222,309 $814,872
2021 $27,506 $1,997,238 $1,198,343 $798,895
2020 $26,680 $1,976,760 $1,186,056 $790,704
2019 $26,228 $1,938,000 $1,162,800 $775,200
2018 $25,656 $1,900,000 $1,140,000 $760,000
2016 $11,723 $785,492 $474,053 $311,439
2015 $11,486 $773,694 $466,933 $306,761
2014 $11,405 $475,354 $217,171 $258,183
Source: Public Records

Agents Affiliated with this Home

  • Norm Haley

    Seller's Agent in 2017

    Norm Haley

    Norm Haley Real Estate

    (626) 818-0212

    8 in this area

    32 Total Sales

    Norm Haley
    Section Image

  • B

    Buyer's Agent in 2017

    Brad Palfrey

    Bradley R. Palfrey, BROKER

    (626) 818-0212

    1 Total Sale

    Brad Palfrey
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-817002270

Pasadena-Foothills Association of REALTORS®
California Los Angeles County Monrovia 91016

303 W Lemon Ave, Monrovia, CA

Not Listed for Sale

MultiFamily

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