NOT LISTED FOR SALE

310 E Lime Ave Monrovia, CA 91016

Estimated Value: $2,677,471

11 Beds
10 Baths
5,294 Sq Ft
$506/Sq Ft Est. Value

Last Sold March 13, 2014

Last sale price $1,375,000 $260 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $15,952/month

112 Days on Market

About This Home

As of March 2014

Prime location within a short distance to Downtown Monrovia, schools, theatres, restaurants, Night Life, Farmers Market. The address of this 10-unit property is 310 E. Lime Ave and 402 S. Canyon Blvd(all One-Parcel... the legal address is 310 E. Lime Ave). The Canyon Blvd property is a free stand, 8 unit building, all the units are one bedroom, one-bath units and are currently getting between $800 and $850 per month. Located on the Lime Ave side is a 3-bedroom character home with a legal studio at the back. The house gets approx $1450 per month while the studio gets approx $500 per month. All 10 units are almost always 100% occupied. As per the seller, in 2002/2003 all the units and the house were gutted and new insulation, cooper plumbing and electrical were installed. In 2003, new roof over the free standing house was installed as per seller. Good total cash flow. Common Laundry.

Last Agent to Sell the Property

Giusy Mele-Brown

Berkshire Hathaway Home Servic License #01252230 Listed on: 10/23/2013

Berkshire Hathaway Home Servic

Last Buyer's Agent

Richard Han

SUN PROPERTIES License #01040292

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1903

Lot Details

  • 8,073 Sq Ft Lot

Home Design

  • Property Attached

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 8516019013

Property Details

Home Type

Multi-Family

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Attached: Yes
  • View: No
  • Zoning: MORM*
  • Property Type: Residential Income
  • Parcel Number: 8516019013
  • Year Built: 1903
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Price Per Square Foot: 264.45

Exterior Features

  • Pool Private: No
  • Spa: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8073.00
  • Lot Size Acres: 0.1853

Multi Family

  • Lot Size Area: 8073.0000 Square Feet
  • Number Of Units Total: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2013
Closed on
Mar 11, 2014
Sold by
Fft Investments Co Llc
Bought by
Ying Weichao and Yung Shiyu
Seller's Agent
Giusy Mele-Brown
Berkshire Hathaway Home Servic
Buyer's Agent
Richard Han
SUN PROPERTIES
List Price
$1,400,000
Sold Price
$1,375,000
Premium/Discount to List
-$25,000
-1.79%
Current Estimated Value
$2,677,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,302,471
Avg. Annual Appreciation
5.82%

Purchase Details

Closed on
Sep 3, 2002
Sold by
Farrar Josef and Farrar Kanda Sue
Bought by
Fft Investments Co Llc

Purchase Details

Closed on
Jun 4, 2002
Sold by
Antoun Nazir S and The Nazir & Mary Antoun Living
Bought by
Farrar Josef

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,500
Interest Rate
5.15%
Mortgage Type
Commercial
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

Date Buyer Sale Price Title Company
Ying Weichao $1,375,000 Lawyers Title Company
Fft Investments Co Llc -- --
Farrar Josef $530,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Farrar Josef $344,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2014 03/13/14 Sold $1,375,000 -1.8% $260 / Sq Ft
02/12/2014 02/12/14 Pending -- -- --
10/23/2013 10/23/13 For Sale $1,400,000 -- $264 / 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 $23,090 $1,679,423 $1,225,859 $453,564
2024 $23,090 $1,646,494 $1,201,823 $444,671
2023 $22,570 $1,614,210 $1,178,258 $435,952
2022 $21,925 $1,582,559 $1,155,155 $427,404
2021 $21,488 $1,551,529 $1,132,505 $419,024
2020 $20,844 $1,535,621 $1,120,893 $414,728
2019 $20,491 $1,505,512 $1,098,915 $406,597
2018 $20,054 $1,475,993 $1,077,368 $398,625
2016 $19,226 $1,418,681 $1,035,534 $383,147
2015 $18,807 $1,397,372 $1,019,980 $377,392
2014 $9,360 $626,177 $206,755 $419,422
Source: Public Records

Agents Affiliated with this Home

  • Giusy Mele-Brown

    Seller's Agent in 2014

    Giusy Mele-Brown

    Berkshire Hathaway Home Servic

    (626) 695-2312

    1 in this area

    75 Total Sales

    Giusy Mele-Brown
    Section Image

  • R

    Buyer's Agent in 2014

    Richard Han

    SUN PROPERTIES

    (626) 675-2789

    16 Total Sales

    Richard Han
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-213001346

Pasadena-Foothills Association of REALTORS®

APN: 8516-019-013

California Los Angeles County Monrovia 91016

310 E Lime Ave, Monrovia, CA

Not Listed for Sale

MultiFamily

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