NOT LISTED FOR SALE

304 N 2nd St Montebello, CA 90640

Estimated Value: $1,135,000 - $1,371,000

4 Beds
2 Baths
3,858 Sq Ft
$329/Sq Ft Est. Value

Sale Details

Date Sold: December 11, 2013

Last sale price $625,000 $162 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $7,773 / mo

8 Days on Market

About This Home

As of December 2013

Great opportunity for investors to obtain 4 unit multi-family property. It is ideally located across from Fremont Elementary and a block from Beverly Hospital. Current rents are under market. No rent control and all units are currently rented. DRIVE BY ONLY. TENANTS ARE NOT AWARE OF SALE.

Last Agent to Sell the Property

Tom Rosas

Century 21 Cornerstone License #00935441 Listed on: 11/12/2013

Century 21 Cornerstone

Last Buyer's Agent

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 7,156 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 3,858 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry in unit
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 14775
  • Assessor Parcel Number 6346006012

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $30
  • Insurance Expense $1,276
  • Trash Expense $1,920
  • Water Sewer Expense $2,400
  • New Taxes Expense $7,987
  • Gross Income $3,500
  • Net Operating Income $1,629

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

7,156 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Gardener Expense: 30.00
  • Parcel Number: 6346006012
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 162.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Trash Expense: 1920.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7156.00
  • Lot Size Acres: 0.1640

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3500.00
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 1276.00
  • Lot Size Area: 7156.0000 Square Feet
  • Net Operating Income: 1629.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 1871.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7987.00
  • Tax Lot: 2
  • Tax Tract Number: 14775
  • Tax Year: 2012

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2018
Sold by
Bought by
Current Estimated Value
$1,267,780

Purchase Details

Listed on
Nov 12, 2013
Closed on
Nov 21, 2013
Sold by
Bought by
Seller's Agent
Tom Rosas
Century 21 Cornerstone
Buyer's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
List Price
$630,000
Sold Price
$625,000
Premium/Discount to List
-$5,000
-0.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.81%

Purchase Details

Closed on
Oct 5, 1998
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- None Available
$625,000 Fidelity National Title Co
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/11/2013 12/11/13 Sold $625,000 -0.8% $162 / Sq Ft
11/20/2013 11/20/13 Pending -- -- --
11/12/2013 11/12/13 For Sale $630,000 -- $163 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,251 $766,153 $490,338 $275,815
2024 $11,100 $751,131 $480,724 $270,407
2023 $11,087 $736,404 $471,299 $265,105
2022 $10,723 $721,965 $462,058 $259,907
2021 $10,362 $707,810 $452,999 $254,811
2019 $9,971 $686,818 $439,564 $247,254
2018 $10,097 $673,352 $430,946 $242,406
2016 $9,638 $647,207 $414,213 $232,994
2015 $9,108 $637,487 $407,992 $229,495
2014 $8,991 $625,000 $400,000 $225,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2013

    Tom Rosas

    Century 21 Cornerstone

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13230398

California Regional Multiple Listing Service (CRMLS)

APN: 6346-006-012

California Los Angeles County Montebello 90640

304 N 2nd St, Montebello, CA

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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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