$945,000
SOLD FEB 27, 2025
6 Beds
4 Baths
2,692 Sq Ft
5,146 Sq Ft Lot

Recently Sold

$351 Per Sq Ft

5% Below List Price

2 Days on Market

Highlights

  • Lawn
  • El Monte High School Rated A-
  • Laundry Room

About This Home

As of February 2025

Charming 4 unit residential property. Investment opportunity with strong upside in rental potential. Growing demand for rentals in El Monte. The property offers 4 units; 2 - 1 bed/1bath and 2 - 2 bed/1 bath with one garage space per unit . Recently painted, Window AC replaced in November 2024 and Wall Furnace replaced in 2017 for Unit C. The property is located near public transportation, supermarkets, restaurants, schools and other amenities. Easy access to the 10 freeway makes commuting a breeze.

Last Agent to Sell the Property

Jennifer Lee

RE/MAX 2000 REALTY Brokerage Phone: 626-734-7898 License #01863579 Listed on: 01/13/2025

RE/MAX 2000 REALTY

Last Buyer's Agent

Michael Garcia

MZ BROKERAGE INC. License #01965127

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,238

Year Built

  • Built in 1953

Lot Details

  • 5,146 Sq Ft Lot
  • No Common Walls
  • Lawn

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 2,692 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 99
  • Tax Tract Number 10133
  • Assessor Parcel Number 8580016016
  • $1,056 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $440
  • Gardener Expense $1,180
  • Insurance Expense $1,500
  • Other Expense $193
  • Trash Expense $1,180
  • Water Sewer Expense $1,814
  • Operating Expense $17,251
  • Gross Income $57,540
  • Net Operating Income $37,486

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,238

Year Built

Built in 1953

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 248750
  • Property Attached: No
  • Water Sewer Expenses: 1814.00
  • Zoning: EMR3YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1180.00
  • Parcel Number: 8580016016
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: front door
  • Common Walls: No Common Walls
  • Entry Level: 2
  • Price Per Square Foot: 351.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1180.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 5146.00
  • Lot Size Acres: 0.1181

Multi Family

  • Electric Expense: 440.00
  • Gross Income: 57540.00
  • Gross Scheduled Income: 57000.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 540.00
  • Lot Size Area: 5146.0000 Square Feet
  • Net Operating Income: 37486.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 17251.00
  • Other Expense: 193.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Expenses: 17251.00

Tax Info

  • Tax Census Tract: 4332.00
  • Tax Lot: 99
  • Tax Tract Number: 10133
  • TaxOtherAnnualAssessmentAmount: 1056.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2025
Closed on
Jan 21, 2025
Sold by
Shell Family Trust and Shell Frederick Parker
Bought by
Group Xiii Properties Lp
Seller's Agent
Jennifer Lee
RE/MAX 2000 REALTY
Buyer's Agent
Michael Garcia
MZ BROKERAGE INC.
List Price
$995,000
Sold Price
$945,000
Premium/Discount to List
-$50,000
-5.03%
Views
23
Current Estimated Value
$944,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$88
Avg. Annual Appreciation
0.20%
Original Mortgage
$945,000
Outstanding Balance
$943,458
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$2,285
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 Type Sale Price Title Company
Grant Deed $945,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $945,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2025 02/27/25 Sold $945,000 -5.0% $351 / Sq Ft
01/15/2025 01/15/25 Pending -- -- --
01/13/2025 01/13/25 For Sale $995,000 -- $370 / 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
2024 $2,238 $89,589 $19,195 $70,394
2023 $2,200 $87,833 $18,819 $69,014
2022 $2,140 $86,111 $18,450 $67,661
2021 $2,128 $84,424 $18,089 $66,335
2019 $2,143 $81,921 $17,553 $64,368
2018 $2,027 $80,315 $17,209 $63,106
2016 $1,927 $77,198 $16,542 $60,656
2015 $1,902 $76,039 $16,294 $59,745
2014 $1,873 $74,550 $15,975 $58,575
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS24245667

California Regional Multiple Listing Service (CRMLS)

APN: 8580-016-016