NOT LISTED FOR SALE

307 Jasmine Ave Monrovia, CA 91016

Estimated Value: $1,147,000 - $1,494,000

6 Beds
4 Baths
2,382 Sq Ft
$548/Sq Ft Est. Value

Last Sold July 01, 2016

Last sale price $844,000 $354 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $8,389/month

60 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Central Air
  • Clifton Middle School Rated A-
  • Bungalow
  • 2-minute walk to Rotary Park

About This Home

As of July 2016

This property consists of two bungalow homes situated on 8,599 SF of land zoned RM3500. Each home is comprised of three bedrooms and two bathrooms (1st home/1,216 SF & 2nd Home 1,166 SF) located on a quiet street in the City of Monrovia (minutes from Old Town Monrovia but nearby Arcadia and Pasadena). Homes feature hardwood floors, kitchen cabinets, granite countertops and floor tiles. Spacious living rooms. Ideal for an owner-occupied investor. Tenants in both homes are on a month-to-month tenancy. Annual Gross Scheduled Income (GSI) is $52,800. Pleasant landscaping with stone-tile patios. Laundry hookup connections for washer and dryer. Central air/heat throughout each home.

Last Agent to Sell the Property

Mike Tolj

Tolj Commercial Real Estate License #01373646 Listed on: 04/07/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,457

Year Built

  • Built in 1962

Lot Details

  • 8,604 Sq Ft Lot
  • Property fronts an alley
  • Level Lot

Home Design

  • Bungalow
  • Property Attached
  • Frame Construction
  • Shingle Roof
  • Wood Siding
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Wood Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • Carport
  • Parking Available
  • Driveway

Utilities

  • Central Air
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 8517005011

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $14,773
  • Gross Income $52,800
  • Net Operating Income $38,027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,457

Year Built

Built in 1962

Lot Details

0

Listing Details

  • CapRate: 4.24
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: RM3500
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 8517005011
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Flooring: Wood
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Roof: Shingle
  • Construction Materials: Concrete, Frame, Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport, Driveway

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Water Heater
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Level
  • Lot Size Sq Ft: 8604.00
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 52800.00
  • Lot Size Area: 8604.0000 Square Feet
  • Net Operating Income: 38027.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Patio: 1
  • Total Expenses: 14773.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2016
Closed on
Jun 20, 2016
Sold by
Tolj Milka
Bought by
Huang Lucinda and The Ted & Lucinda Huang Family
Seller's Agent
Mike Tolj
Tolj Commercial Real Estate
List Price
$865,000
Sold Price
$844,000
Premium/Discount to List
-$21,000
-2.43%
Current Estimated Value
$1,304,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$460,672
Avg. Annual Appreciation
4.90%

Purchase Details

Closed on
Apr 13, 2007
Sold by
Sofianek Graciela Maria Kemper and The Graciela M Kemper Trust
Bought by
Tolj Milka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,200
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Huang Lucinda $850,000 North American Title Company
Tolj Milka $719,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tolj Milka $50,000
Previous Owner Tolj Milka $50,000
Previous Owner Tolj Milka $575,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2016 07/01/16 Sold $844,000 -2.4% $354 / Sq Ft
06/06/2016 06/06/16 Pending -- -- --
04/07/2016 04/07/16 For Sale $865,000 -- $363 / 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
2024 $13,457 $986,493 $696,348 $290,145
2023 $13,149 $967,151 $682,695 $284,456
2022 $12,767 $948,188 $669,309 $278,879
2021 $12,515 $929,597 $656,186 $273,411
2020 $12,130 $920,066 $649,458 $270,608
2019 $11,915 $902,026 $636,724 $265,302
2018 $11,659 $884,340 $624,240 $260,100
2016 $10,759 $813,738 $622,473 $191,265
2015 $10,524 $801,516 $613,123 $188,393
2014 $10,417 $785,816 $601,113 $184,703
Source: Public Records

Agents Affiliated with this Home

  • Mike Tolj

    Seller's Agent in 2016

    Mike Tolj

    Tolj Commercial Real Estate

    (323) 317-2561

    2 Total Sales

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-316003094

Pasadena-Foothills Association of REALTORS®

APN: 8517-005-011

California Los Angeles County Monrovia 91016

307 Jasmine Ave, Monrovia, CA

This home is located at 307 Jasmine Ave, Monrovia, CA 91016 since 07 April 2016 and is currently estimated at $1,304,672, approximately $547 per square foot. This property was built in 1962. 307 Jasmine Ave is a home located in Los Angeles County with nearby schools including Wild Rose Elementary School, Clifton Middle School, and Monrovia High School.

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