NOT LISTED FOR SALE

Estimated Value: $2,058,000 - $2,193,740

8 Beds
5 Baths
4,333 Sq Ft
$491/Sq Ft Est. Value

Last Sold April 15, 2020

Last sale price $1,550,000 $358 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $13,574/month

54 Days on Market

Highlights

  • 0.44 Acre Lot
  • Park
  • Laundry Room
  • El Monte High School Rated A-

About This Home

As of April 2020

Proud to present this 6 unit property in the City of El Monte. Built in 1959, the property consists of Four two bedrooms / one bathroom unit and two one bedroom / one bathroom unit, plus a small studio behind the left side garage (enclosed without permit from a permitted open patio rent for $400.00/month. The complex consists of three buildings with a total of 4,333 living sq and lot size of 19,345. The units are individually metered for gas and electricity. The current rents are below market with great tenants all month to month leases. The property is conveniently located just North of Garvey ave and West of Peck Rd with easy access to the 60, 10, and 605 freeways. The property location is surrounded by a residential neighborhood with close proximity to stores, restaurants and schools. This investment provides an opportunity for anyone to acquire a stable income property in one of the strongest rental market in San Gabriel Valley.

Last Agent to Sell the Property

JOHN NGUYEN

HOMEGROWN WEALTH INC. License #01965291 Listed on: 02/06/2020

Last Buyer's Agent

Albert Rodriguez

CENTURY 21 CITRUS REALTY INC License #01250095

CENTURY 21 CITRUS REALTY INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,892

Year Built

  • Built in 1959

Lot Details

  • 0.44 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 9 Open Parking Spaces
  • 6 Car Garage

Home Design

  • 4,333 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 21r3
  • Tax Tract Number 9912
  • Assessor Parcel Number 8581018018

Community Details

Overview

  • 3 Buildings
  • 6 Units

Recreation

  • Park

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,393
  • Trash Expense $2,176
  • Water Sewer Expense $2,921
  • New Taxes Expense $8,660
  • Operating Expense $15,150
  • Gross Income $102,840
  • Net Operating Income $96,564

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,892

Year Built

Built in 1959

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2921.00
  • Zoning: EMR3
  • Property Type: Residential Income
  • Parcel Number: 8581018018
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 357.72

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 15.00
  • Uncovered Spaces: 9.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 2176.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 19345.00
  • Lot Size Acres: 0.4441

Multi Family

  • Gross Income: 102840.00
  • Gross Scheduled Income: 102840.00
  • Insurance Expense: 1393.00
  • Lot Size Area: 19345.0000 Square Feet
  • Net Operating Income: 96564.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 14846.00
  • Rent Control: No
  • Total Actual Rent: 8170.00
  • Total Expenses: 15150.00

Tax Info

  • New Taxes Expense: 8660.00
  • Tax Lot: 21r3
  • Tax Tract Number: 9912

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2025
Sold by
Villalobos Luz Elena
Bought by
Luz Elena Villalobos Revocable Living Trust and Villalobos
Current Estimated Value
$2,125,870

Purchase Details

Listed on
Feb 6, 2020
Closed on
Apr 8, 2020
Sold by
Vannguyen Nhan Van and Nguyen Hang
Bought by
Villalobos Margarite and Villalobos Luz Elena
Seller's Agent
JOHN NGUYEN
HOMEGROWN WEALTH INC.
Buyer's Agent
Albert Rodriguez
CENTURY 21 CITRUS REALTY INC
List Price
$1,589,000
Sold Price
$1,550,000
Premium/Discount to List
-$39,000
-2.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.63%

Purchase Details

Listed on
Oct 31, 2018
Closed on
Nov 16, 2018
Sold by
Huynh Paul Pho Van and Huynh Nga My
Bought by
Vannguyen Nhan Van and Nguyen Hang
Seller's Agent
TONY THUONG NGUYEN
BLUE DIAMOND MORTGAGE & REALTY
Buyer's Agent
TONY THUONG NGUYEN
BLUE DIAMOND MORTGAGE & REALTY
List Price
$1,350,000
Sold Price
$1,413,000
Premium/Discount to List
$63,000
4.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.50%
Original Mortgage
$700,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 2008
Sold by
Vanhuynh Paul Pho and Huynh Nga My
Bought by
Vanhuynh Paul Pho and Huynh Nga My
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
Luz Elena Villalobos Revocable Living Trust -- None Listed On Document
Villalobos Margarite $1,550,000 Wfg National Title Company
Vannguyen Nhan Van $1,413,000 Stewart Title
Vanhuynh Paul Pho -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vannguyen Nhan Van $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2020 04/15/20 Sold $1,550,000 -2.5% $358 / Sq Ft
02/06/2020 02/06/20 For Sale $1,589,000 +12.5% $367 / Sq Ft
01/03/2019 01/03/19 Sold $1,413,000 +4.7% $326 / Sq Ft
11/13/2018 11/13/18 For Sale $1,350,000 -4.5% $312 / Sq Ft
11/07/2018 11/07/18 Off Market $1,413,000 -- --
10/31/2018 10/31/18 For Sale $1,350,000 -- $312 / 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 $23,892 $1,695,148 $1,268,628 $426,520
2024 $23,892 $1,661,910 $1,243,753 $418,157
2023 $23,432 $1,629,324 $1,219,366 $409,958
2022 $22,581 $1,597,377 $1,195,457 $401,920
2021 $22,887 $1,566,057 $1,172,017 $394,040
2020 $21,384 $1,441,460 $1,043,460 $398,000
2019 $9,052 $495,744 $216,139 $279,605
2018 $8,660 $486,028 $211,901 $274,127
2016 $8,261 $466,965 $203,674 $263,291
2015 $8,169 $459,952 $200,615 $259,337
2014 $7,918 $450,943 $196,686 $254,257
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS20027253

California Regional Multiple Listing Service (CRMLS)

APN: 8581-018-018